See Also: Tight money or dear money(finance)
In the penalty box(finance)
Penalty tax(finance)
penalty(dictionary)
Penalty bid(finance)
penalty box(dictionary)
Penalty tax(money)
penalty(dictionary)
Penalty(money)
Penalty Arc - Soccer(gambling)

Penalty tax (money)


Definition: [crh] A federal tax that can be applied if a plan holder does not meet certain requirements when making withdrawals from a tax-advantaged retirement plan (for instance, if tDefinition: he plan holder has not reached age 59-1/2). This penalty tax is owed in addition to any income taxes due.