an excess contribution

USAGE SUMMARY

The phrase "an excess contribution" is correct and usable in written English.
It can be used in contexts related to finance, taxes, or contributions to accounts where the amount exceeds a specified limit. Example: "The IRS has strict rules regarding an excess contribution to retirement accounts, which may result in penalties."

✓ Grammatically correct

Finance

Taxation

Science

Human-verified examples from authoritative sources

Exact Expressions

6 human-written examples

A campaign has 60 days from when it receives an excess contribution to address it.

The New York Times

The taxpayer could end up with an excess contribution or, if the contribution is for the prior year, may need to amend the tax return.

Forbes

During quasi-isothermal crystallization of the polymer/clay nanocomposites, an excess contribution is observed in the recorded heat capacity signal, due to reversible melting and crystallization.

Polymer

If you have any sort of pension or savings plan at work and earn too much, you may not be eligible to make certain IRA contributions and could get hit with an excess contribution penalty.

Forbes

This results in an excess contribution of single labelled molecules in C18-fatty acids over what could be anticipated based on the contribution of triple labelled molecules originating from elongation of de novo synthesized palmitate.

Plosone

You must pay a 6 percent excise tax for an excess contribution made to a Roth IRA.

WikiHow

Human-verified similar examples from authoritative sources

Similar Expressions

53 human-written examples

The IRS says that if the contribution exceeds the limit, there could be a penalty (the excess contribution penalty).

Forbes

Unless you do, the money is considered an excess Roth contribution, and you must withdraw it by the next April 15 or face a 6 percent penalty.

The New York Times

If that account is an IRA, it could cause more funds to be contributed to the IRA than originally reported on the tax return and possibly create an excess IRA contribution.

Forbes

We used data starting in 1915 to estimate a robust mortality baseline for non-pandemic years and quantify the excess contribution of pandemic influenza in 1918 1919.

BMC Infectious Diseases

It is proposed that the magnitude of this excess contribution can be used to qualify the polymer/clay interfacial interaction, as it is directly linked to the segmental mobility of the polymer chains in the interphase region, where both the crystalline and amorphous polymer fractions are affected.

Polymer

Expert writing Tips

Best practice

Always check the specific rules and limits associated with the type of contribution being discussed. Using "an excess contribution" implies a violation of those rules, so accuracy is important.

Common error

Avoid using "an excess contribution" when you actually mean excess accumulation in retirement accounts. Excess contributions refer to amounts contributed beyond the allowed limit, while excess accumulation refers to amounts remaining in the account that should have been distributed. They have different tax implications.

Linguistic Context

The phrase "an excess contribution" functions as a noun phrase that typically acts as a subject or object in a sentence. It identifies a specific kind of contribution, one that goes beyond a defined limit. Ludwig provides examples in both financial and scientific contexts, illustrating its varied applications.

Expression frequency: Uncommon

Frequent in

News & Media

43%

Science

43%

Wiki

14%

Less common in

Formal & Business

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "an excess contribution" is a grammatically sound noun phrase used to denote a contribution that exceeds a specified limit, whether in financial, political, or scientific contexts. Ludwig AI validates its correctness and provides examples demonstrating its use in reputable sources such as The New York Times and Forbes. While not exceedingly common, this phrase effectively conveys the concept of surpassing a defined contribution limit. To avoid confusion, ensure it is not mistaken for related concepts like excess accumulation. Related terms include "a surplus contribution" or "an over-contribution".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

a surplus contribution

Replaces "excess" with "surplus", indicating an amount beyond what is needed or required.

an over-contribution

Uses "over-contribution" to specify that the contribution exceeds the limit.

a contribution exceeding the limit

Describes the contribution as surpassing a defined limit.

a contribution beyond the allowed amount

Specifies that the contribution has gone over what is permissible.

a contribution in excess

Shortens the original phrase while maintaining the core meaning.

an excessive payment

Focuses on the payment aspect and its exceeding nature.

an extra contribution

Highlights the additional nature of the contribution, suggesting it's more than expected.

a larger-than-necessary contribution

Emphasizes that the contribution is bigger than what is required.

a superabundant contribution

Uses "superabundant" to suggest a contribution that is plentiful to an extreme degree.

a gratuitous contribution

Highlights the unnecessary or uncalled-for nature of the contribution.

FAQs

What happens if I make "an excess contribution" to my Roth IRA?

If you make "an excess contribution" to a Roth IRA, you may face a 6% excise tax on the excess amount each year until it is removed. It's important to correct the error promptly to avoid penalties. Consult with a tax advisor or refer to IRS guidelines for specific instructions.

What's the difference between "an excess contribution" and a regular contribution to a retirement account?

"An excess contribution" is an amount that exceeds the legal or plan-specified limits for contributions to a retirement account. Regular contributions are those that fall within these limits. Excess contributions may be subject to penalties.

How do I correct "an excess contribution" to a 401(k) or IRA?

To correct "an excess contribution", you typically need to withdraw the excess amount plus any earnings attributable to it before the tax filing deadline. Consult with your plan administrator or a tax professional for guidance specific to your situation.

What are some alternatives to saying "an excess contribution"?

Depending on the context, you can use alternatives like "a surplus contribution", or "an over-contribution", which describe a contribution exceeding a limit.