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tomjv
Returning Member

414(h) distributions

What Federal level taxes are 414(h) distributions subject to?

FICA?

Medicare?

Federal Income tax = YES

posted
‎January 1, 2019 7:09 AM
last updated ‎January 01, 2019 7:09 AM
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MargaretL
Expert Alumni
Expert Alumni

414(h) distributions

The 414(h) distributions are not subject to Social Security or Medicare taxes. You will be subject to federal income tax on your withdrawal, but not FICA. 

‎January 2, 2019 7:22 AM
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