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previous page Previous Page: Publication 571 - Tax-Sheltered Annuity Plans (403(b) Plans) - Catch-Up Contributions
next page Next Page: Publication 571 - Tax-Sheltered Annuity Plans (403(b) Plans) - How Do I Know If I Have Excess Contributions?
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taxmap/pubs/p571-018.htm#en_us_publink1000129453

Chapter 7
Excess Contributions(p13)

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previous topic occurrence Excess Contributions next topic occurrence

If your actual contributions are greater than your MAC, you have an excess contribution. Excess contributions can result in income tax, additional taxes, and penalties. The effect of excess contributions depends on the type of excess contribution. This chapter discusses excess contributions to your 403(b) account.
taxmap/pubs/p571-018.htm#en_us_publink1000129454

Preventing Excess Contributions(p13)


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Preventing Excess Contributions

To prevent excess contributions, you should figure your MAC at the beginning of each year using a reasonable estimate of compensation. If, at any time during the year, your employment status or your compensation changes, you should refigure your MAC using a revised estimate of compensation.
previous pagePrevious Page: Publication 571 - Tax-Sheltered Annuity Plans (403(b) Plans) - Catch-Up Contributions
next pageNext Page: Publication 571 - Tax-Sheltered Annuity Plans (403(b) Plans) - How Do I Know If I Have Excess Contributions?
 Use previous pagenext page to find additional occurrences of topic items.Index for this Publication