Home > Term: excess contribution
excess contribution
The amount by which an IRA contribution exceeds the allowable limits. If an excess contribution is not properly corrected, a 6% IRS penalty applies.
- Besedna vrsta: noun
- Industrija/področje: Financial services
- Category: General Finance
- Company: Bloomberg
0
Avtor
- Jessehe
-
(V.I.P) 32013 points - 40.13% positive feedback
