Remove excess contributions and associated earnings by tax deadline to dodge ongoing penalties. If the excess is removed post-deadline, consider recharacterizing to a traditional IRA or adjusting ...

If you're wondering how to calculate the amount of earnings that an excess contribution can accumulate, the IRS offers a formula to apply in these situations (AOB stands for Adjusted Opening ...

The commission also directed its legal counsel to negotiate a repayment plan for the excess earnings Crooks has received the past three years. The state caps government employees at $178,782.