overpayment
noun
over·pay·ment
ˌō-vər-ˈpā-mənt 
plural overpayments
: payment that exceeds what is necessary
overpayment of taxes
… implemented electronic payrolls for all employees to prevent overpayment …—
Jocelyn Brumbaugh
Jocelyn Brumbaugh
also
: an amount that is paid in excess
… two taxpayers could not get refunds of tax overpayments dating back more than four years … —Samantha McCaughren
Samantha McCaughren Examples of overpayment in a Sentence
Recent Examples on the Web
The failure to engage in proactive tax mitigation results in unnecessary overpayment to the IRS, something Gee warns could cost business owners and high-net-worth individuals millions of dollars over their lifetimes.
—Ethan Stone, USA Today, 2 Apr. 2025
About 4 percent of overpayments in the main program were issued after death and 3 percent for those who obtained benefits fraudulently or were not American citizens.
—Jamie Leventhal, New York Times, 28 Mar. 2025
The policy will impact new cases of overpayments starting on March 27.
—Aimee Picchi, CBS News, 26 Mar. 2025
Crucially, the 100% withholding rate will not apply to beneficiaries with an overpayment prior to March 27.
—Kelly Phillips Erb, Forbes, 22 Mar. 2025
See All Example Sentences for overpayment
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Ethan Stone, USA Today, 2 Apr. 2025
About 4 percent of overpayments in the main program were issued after death and 3 percent for those who obtained benefits fraudulently or were not American citizens.
—Jamie Leventhal, New York Times, 28 Mar. 2025
The policy will impact new cases of overpayments starting on March 27.
—Aimee Picchi, CBS News, 26 Mar. 2025
Crucially, the 100% withholding rate will not apply to beneficiaries with an overpayment prior to March 27.
—Kelly Phillips Erb, Forbes, 22 Mar. 2025
See All Example Sentences for overpayment
Cite this Entry
“Overpayment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/overpayment. Accessed 22 Apr. 2025.
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