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NEW YEAR,  NEW CHANGES IN
OUR NEW HAMPSHIRE TAXES

-0
‘= iL! ‘i': l‘: f:jDEBRUYCKE RE
‘ LAW OFFICES

As most of us settle into the
new year after the extended holidays, 
we’re ...
DE BRUYC KE RE

 

“LAW OFFICES

As most of us settle into the
new year after the extended holidays, 
we’re met with one r...
:; '= DEBRUYCKE RE

“LAW OFFICES

Fortunately,  there aren’t
many that will affect those of us
in New Hampshire. ..yet
.: f-A  DE BRUYC KE RE

 

“LAW OFFICES

You may recall that that federal
estate tax in 2014 was $5.34 million
:I= i '3;: :;DEBRuYcL<E RE
‘ LAW OFFICES

As of January 1, 2015, that
has increased to $5.43 million
V  , x  
STATE TAXES

""'- ‘-12!! -'
1- " " J

L
‘:23;-: ::DEBRuYCI<E RE
‘ LAW OFFICES

New Hampshire does not have state
sales tax nor does it have income taxes
': ;‘*i§_S~: ::DEI3RuYCI<E RE
‘ LAW OFFICES

Further,  New Hampshire does not have
inheritance or estate taxes unless the
...
': ;‘*i§_S~: ::DEI3RuYCI<E RE
‘ LAW OFFICES

The New Hampshire state income
tax is limited to a 5% tax on
dividends and in...
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 ». _‘I
 ,1;

For New   A A ntla 65

or older,  there is a $1,200 exemption
LOOKING
': ;‘*i§_S~: ::DEI3RuYCI<E RE
‘ LAW OFFICES

Beginning January 1, 2015 you may
only make one rollover from an IRA to
anoth...
,  .‘ -
V‘. 

; :‘= l:; :‘: ;j; -DEBRUYCKERE
“  LAW OFFICES
.: f-I  DE BRUYC KE RE

 

“LAW OFFICES

A ROLLOVER is: 

Withdrawing the funds from
one IRA,  holding them for
less than ...
‘:23;-: ::DEBRuYCI<E RE
‘ LAW OFFICES

You may still execute as many
“trustee to trustee” transfers as
you like throughout...
': ;'=   DE BRUYC KE RE

“LAW OFFICES

These transfers are what happens

when you tell one bank to send your
IRA funds to ...
:2.‘  DE BRUYCKE RE

“LAW OFFICES

The money isn’t actually
withdrawn and in your possession
': ;‘*i§_S~: ::DEI3RuYCI<E RE
‘ LAW OFFICES

Remember,  if you roll over more
than one IRA,  the second and any
subsequent...
:2.‘ '3;: :;OEBRuYCI<E RE
‘ LAW OFFICES

There also exists a potential
10 percent early withdrawal tax
': ‘."= i  DE BRUYC KE RE

“LAW OFFICES

Our experts can provide guidance
and help ensure you’re getting the
most benefit f...
To learn more about how these new tax
laws and how they affect your estate
planning,  contact our offices today. 

Click to...
New Year, New Changes in Our New Hampshire Taxes
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New Year, New Changes in Our New Hampshire Taxes

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New Hampshire does not have state sales tax nor does it have income taxes.Learn more about New Hampshire taxes in this presentation.

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New Year, New Changes in Our New Hampshire Taxes

  1. 1. 0.. % lg S ‘ NEW YEAR, NEW CHANGES IN OUR NEW HAMPSHIRE TAXES -0
  2. 2. ‘= iL! ‘i': l‘: f:jDEBRUYCKE RE ‘ LAW OFFICES As most of us settle into the new year after the extended holidays, we’re met with one reality:
  3. 3. DE BRUYC KE RE “LAW OFFICES As most of us settle into the new year after the extended holidays, we’re met with one reality: NEW TAX LAWS
  4. 4. :; '= DEBRUYCKE RE “LAW OFFICES Fortunately, there aren’t many that will affect those of us in New Hampshire. ..yet
  5. 5. .: f-A DE BRUYC KE RE “LAW OFFICES You may recall that that federal estate tax in 2014 was $5.34 million
  6. 6. :I= i '3;: :;DEBRuYcL<E RE ‘ LAW OFFICES As of January 1, 2015, that has increased to $5.43 million
  7. 7. V , x STATE TAXES ""'- ‘-12!! -' 1- " " J L
  8. 8. ‘:23;-: ::DEBRuYCI<E RE ‘ LAW OFFICES New Hampshire does not have state sales tax nor does it have income taxes
  9. 9. ': ;‘*i§_S~: ::DEI3RuYCI<E RE ‘ LAW OFFICES Further, New Hampshire does not have inheritance or estate taxes unless the death occurred before January 1, 2003
  10. 10. ': ;‘*i§_S~: ::DEI3RuYCI<E RE ‘ LAW OFFICES The New Hampshire state income tax is limited to a 5% tax on dividends and interest income of more than $2,400 or $4,800 for joint filers
  11. 11. , . , ‘C ». _‘I ,1; For New A A ntla 65 or older, there is a $1,200 exemption
  12. 12. LOOKING
  13. 13. ': ;‘*i§_S~: ::DEI3RuYCI<E RE ‘ LAW OFFICES Beginning January 1, 2015 you may only make one rollover from an IRA to another IRA within a 12 month period
  14. 14. , .‘ - V‘. ; :‘= l:; :‘: ;j; -DEBRUYCKERE “ LAW OFFICES
  15. 15. .: f-I DE BRUYC KE RE “LAW OFFICES A ROLLOVER is: Withdrawing the funds from one IRA, holding them for less than 60 days and then depositing them into another IRA account
  16. 16. ‘:23;-: ::DEBRuYCI<E RE ‘ LAW OFFICES You may still execute as many “trustee to trustee” transfers as you like throughout the year
  17. 17. ': ;'= DE BRUYC KE RE “LAW OFFICES These transfers are what happens when you tell one bank to send your IRA funds to another bank
  18. 18. :2.‘ DE BRUYCKE RE “LAW OFFICES The money isn’t actually withdrawn and in your possession
  19. 19. ': ;‘*i§_S~: ::DEI3RuYCI<E RE ‘ LAW OFFICES Remember, if you roll over more than one IRA, the second and any subsequent withdrawals will be taxed at regular rates
  20. 20. :2.‘ '3;: :;OEBRuYCI<E RE ‘ LAW OFFICES There also exists a potential 10 percent early withdrawal tax
  21. 21. ': ‘."= i DE BRUYC KE RE “LAW OFFICES Our experts can provide guidance and help ensure you’re getting the most benefit for your efforts
  22. 22. To learn more about how these new tax laws and how they affect your estate planning, contact our offices today. Click to visit www. dadlawoffices. com BEVERLY NORTH ANDOVER NA SHUA LONDONDERRY 100 Cummings Center, Suite 307-G 231 Sutton St. Suite 1B 20 Trafalgar Sq, Suite 443 One Verani Way Beveny, MA 01915 North Andover, MA 01845 Nashua, NH 03063 Londonderry, NH 03053 Phone: (978) 969-0331 Phone: (978) 686-4645 Phone: (603) 89441141 Phone: (603)894-4141 Fax’ (603)216-2748 Fax: (603) 216-2748 Fax: (603)216-2748 Fax. (603)216-2748 Google Map Google Map Google Map Google Map Yahoo Map Yahoo Map Yahoo Map Yahoo Map

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