Examples of 'excess contributions' in a sentence
Meaning of "excess contributions"
excess contributions: Refers to additional or surplus contributions beyond what is required or expected. This phrase is commonly used in financial contexts, such as in retirement savings plans where excess contributions may have tax implications
How to use "excess contributions" in a sentence
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excess contributions
Excess contributions at the beginning of the month.
Jamal has to pay a tax on his excess contributions.
What are excess contributions to ira.
As are necessary to insure that excess contributions.
Excess contributions are subject to tax of one percent per month.
Avoiding excise tax on excess contributions.
Excess contributions may be carried over for up to five years.
Distribution to correct excess contributions.
Excess contributions made by your employer are included in your gross income.
You might also be liable for excess contributions tax.
Excess contributions can be carried over for a maximum of five years.
Return of excess contributions.
Excess contributions are subject to a penalty tax of one percent per month.
O RPD should publish procedures for dealing with cases of excess contributions.
Excess contributions will be subject to a tax of one per cent per month.
See also
In what years were excess contributions made?
Any excess contributions will be subject to a tax of one percent per month.
The steps you are taking / have taken to eliminate the excess contributions.
The total excess contributions in your IRAs at the beginning of this year.
O Commuted value previously transferred ( including excess contributions transferred ).
Excess contributions that require repayment in accordance with the agreement are recorded as accrued liabilities.
To avoid this penalty, withdraw the excess contributions before you file your return.
See Excess contributions for more information.
A 6% excise tax applies to excess contributions.
This could result in excess contributions if the new beneficiary is a beneficiary under another RESP.
Otherwise, you would have to pay a 6 % penalty on excess contributions.
Donors can carry forward excess contributions and deduct them in subsequent taxation years.
Generally, you must pay a 6 % excise tax on excess contributions.
Excess contributions You may have made an overpayment of QPP contributions for a year.
In respect of Plans, refunds of excess contributions under the Income Tax Act Canada.
Any excess contributions are subject to a 6 percent additional tax.
For details, see Excess contributions.
Made excess contributions to your IRA or HSA.
Excess contributions A tax of 1 % per month may apply to certain excess contributions.
Projected excess contributions Projected excess contributions Information,.
Excess contributions will be subject to a 1 % tax per month.
O Converting excess contributions under the 50 % cost-sharing rule into additional pension.
His excess contributions were finally refunded to him in October 2006.
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