I Contributed Too Much to an IRA – What Should I Do?

The rules on excess IRA contributions can be confusing. But if you act early, you can minimize any effect on your taxes.

Picture of IRA letters in bold and gray
(Image credit: Getty Images)

Dealing with IRA's can be a headache at times. That's why, here at Kiplinger, we have an entire section of our website devoted just to stories involving IRA's. But we still get lots of questions about retirement, and one of the frequent questions we receive from readers who are saving for retirement is: "I contributed too much to my IRA. What do I do?"

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William Neilson

William formerly worked as a Tax Editor at Kiplinger beginning in 2021. Before that, William worked in the tax world for over 15 years. He spent time working at the IRS, the U.S. Tax Court, and several private law firms where he dealt with both individual and corporate clients. He has a B.A. in Journalism from the University of Georgia, a J.D. from the Loyola University College of Law, and an LL.M. in Taxation from the Northwestern School of Law.