The amount by which an IRA contribution exceeds the allowable limits, on which the IRS applies a penalty.
Related information about excess contribution:
- Publication 571 (12/2011), Tax-Sheltered Annuity Plans (403(b) Plans)
If your actual contributions are greater than your MAC, you have an excess contribution. Excess contributions can result in income tax, additional taxes, and ...
- An Introduction To Correcting Ineligible IRA Contributions
Mar 8, 2011 ... To correct an excess contribution, an individual must remove the ... An excess contribution that is not removed by the deadline accrues a 6% ...
- Excess Contributions to Roth IRAs
Apr 15, 2011 ... If you didn't correct the excess contribution for 2010, you had to pay $72 ... There are four ways to correct an excess contribution to a Roth IRA.
- Fidelity IRA Return of Excess Contribution Request - Trading - Fidelity
Use this form if you have made an excess contribution to your Traditional IRA or ... If you are correcting an excess contribution before your tax-filing deadline, the ...
- Excess Contribution - Financial Dictionary - The Free Dictionary
The amount by which an IRA contribution exceeds the allowable limits. If an excess contribution is not properly corrected, a 6% IRS penalty applies.
- IRA Excess Contribution Withdrawal - T. Rowe Price
Provide the amount and tax year of the excess contribution. Type of IRA: ... Are you correcting this excess contribution before the later of your tax filing deadline ...
- Excess contribution | Retirement Dictionary
Excess contribution. Last Updated April 3, 2009. Definition. Contribution in excess of the statutory limit: For IRAs, contributions are limited to the lesser of 100 % of ...
- How to Correct the Excess Contribution to Roth IRA | Chron.com
Roth Individual Retirement Account (IRA) contributions may be limited by your modified adjusted gross income. Especially for if you work at a job with variable ...