[IRS] IRA contribution was attributed to wrong year by Vanguard
After finishing our taxes this year (but before filing), my husband and I went to contribute to our IRAs. My husband discovered that Vanguard wouldn’t let him contribute for 2025, because they said he already had. It turns out the contribution he made last April, for the 2024 tax year, had been attributed to 2025. He rarely looks at his IRA, so hadn’t logged in since making that contribution last year, therefore didn’t catch the error sooner. We have to assume it was his mistake in selecting what tax year the contribution was for, but we really don’t know for sure. Regardless, he reached out to Vanguard to see if that contribution could be recharacterized, and the response was essentially “nope, too late.”
Because it was the same contribution amount, we’re fine for this year’s taxes if we just attribute last year’s contribution toward this year. But then we’ll need to amend last year’s taxes to indicate that he didn’t make a contribution. So my question is, are there any other options? Should we try pressing Vanguard on this, or are we just out of luck? Anything else to consider?
Thank you for any suggestions or insight anyone can provide.