Deductible contribution


 

Home
Site Map
Add Term
Search
About Us
Contributors

Deductible contribution

Amount paid into an IRA, an employer-sponsored retirement plan, or other type of retirement plan for a particular tax year that is a deduction from income for tax purposes.



Deductible contribution

Similar Matches

Additional voluntary contributions

Additional voluntary contributions

Additional payments to a tax deferred savings account or an occupational pension scheme by an employee to boost a pension at retirement.


Nondeductible contribution

Nondeductible contribution

A contribution to either a traditional IRA or Roth IRA. Income tax is due on the contribution in the tax year for which the contribution is made.


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.


Contribution

Contribution

Money placed in an individual retirement account (IRA), an employer-sponsored retirement plan, or other retirement plan for a particular tax year. Contributions may be deductible or nondeductible, depending on the type of account.


Contribution margin

Contribution margin

The difference between variable revenue and variable cost.


Further Suggestions

General Average Contribution
money purchase scheme (defined contributions scheme)
defined contribution pension plan
simplified defined contribution scheme
Federal Insurance Contributions Act
Equal percentage contribution rule (EPCoR)
Contribution
Defined contribution plan
free standing additional voluntary contributions
National Insurance (NI) Contributions
Contributions Agency
Equity contribution agreement
voluntary deductible employee contribution plan


 
All rights Reserved. Do not copy without permission.