[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-8502":3},{"rec_id":4,"title":5,"text":6},"8502","What are excess IRA contributions, and how do I correct one?","If you contributed more to your traditional IRA or Roth IRA than is allowed, the amount above your contribution limit is considered an excess contribution. If this amount is not removed, you may have to pay an additional 6% tax on the excess portion of your contribution for the year. \n\u003Cbr>\u003Cbr>\nThere are a few options for handling excess contributions:\n\u003Col>\n\u003Cli>\nWithdraw the excess contribution and earnings by the filing deadline (including extensions).\n\u003C/li>\n\u003Cli>\nPay the penalty tax of 6% of the excess contribution on your 2025 return, and apply the excess contribution to your 2026 IRA contribution limit.\n\u003C/li>\n\u003C/ol>\nWe'll calculate any excess contribution for you. \n\u003Cbr>\u003Cbr>\n\u003Ca href=\"/freefile2025/answers?faq=9797\">How do I correct my excess contribution?\u003C/a>",1777391478349]