Tag: Required Minimum Distributions

Required Minimum Distributions

Hudson, NH Resident Plans for the Future

Retirement income is not immune to taxes.  Taxes on required minimum distributions, including traditional IRAs and 401(k)s, are taxed on their gains and their pre-tax deductible contributions.  However, because retirement is likely lower than when the individual was working this is typically taxed at a lower rate.  The tax rate applied to this income is determined by the income of the recipient when the money is taken out.  For the most recent tax year, this tax rate was capped at 37%.

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405 Daniel Webster Hwy
Merrimack, NH 03054
(603) 429-2009

Regular Hours

Sunday: Closed
Monday: 9AM-4PM
Tuesday: 9AM-4PM
Wednesday: 9AM-4PM
Thursday: 9AM-4PM
Friday: Closed
Saturday: Closed

Tax Season Hours (Feb 1 - Apr 15)

Sunday: Closed
Monday: 9AM-5PM
Tuesday: 9AM-5PM
Wednesday: 9AM-5PM
Thursday: 9AM-5PM
Friday: 9AM-4PM
Saturday: 9AM-2PM