New Hampshire Tax Calculator 2025
Calculate your New Hampshire state taxes with our comprehensive 2025 calculator featuring the Live Free or Die State's unique no income tax system, 5% dividend and interest tax, and business tax optimization tools.
Calculate Your New Hampshire Tax
New Hampshire does not tax wages or salaries but does tax dividends and interest income at 5% for amounts over the exemption threshold. Calculate your NH tax obligations below.
New Hampshire Tax Structure 2025
New Hampshire is unique among US states with no tax on wages, salaries, or most retirement income. The Live Free or Die State only taxes dividends and interest income at 5% for amounts exceeding the exemption threshold, plus business-related taxes.
NH Tax Components (2025)
- No tax on wages and salaries
- 5% tax on dividends and interest over exemption
- Business Profits Tax: 7.6%
- Business Enterprise Tax: 0.5%
Dividend/Interest Exemptions (2025)
- Single/Head of Household: $2,400
- Married Filing Jointly: $4,800
- Married Filing Separately: $2,400
- Additional exemption for age 65+: $1,200
New Hampshire Tax Advantages
New Hampshire offers significant tax advantages for residents and businesses, making it one of the most tax-friendly states in the nation. The lack of income tax on wages and retirement income provides substantial savings opportunities.
- No Income Tax: Zero tax on wages, salaries, and most retirement income
- No Sales Tax: No state sales tax on purchases
- Limited Investment Tax: Only dividends and interest over threshold taxed
- Retirement Friendly: No tax on pension, 401(k), or Social Security benefits
- Business Competitive: Relatively low business tax rates
- Property Tax: Local property taxes fund state services
- Capital Gains: No tax on capital gains from investments
New Hampshire Residency and Planning
Understanding New Hampshire residency requirements and tax planning strategies can maximize the state's tax advantages, particularly for high-income earners and retirees seeking tax-efficient living arrangements.
Establishing NH Residency
New Hampshire considers you a resident if your domicile is in New Hampshire. This generally means your permanent home and the place you intend to return to after temporary absences.
Tax Planning Strategies
Maximize NH's tax advantages by timing dividend and interest income, considering Roth conversions, and structuring business income to optimize both federal and state tax obligations.
Business Tax Considerations
NH businesses pay Business Profits Tax (7.6%) and Business Enterprise Tax (0.5% on compensation and benefits). Consider entity structure and compensation strategies for optimization.
Border State Planning
Many NH residents work in Massachusetts or other neighboring states. Understand multi-state tax obligations and credit opportunities for taxes paid to other states.
Frequently Asked Questions
Does New Hampshire have income tax?
New Hampshire does not tax wages, salaries, or most retirement income. However, NH does tax dividends and interest income at a rate of 5% for income over $2,400 (single) or $4,800 (married filing jointly).
What taxes does New Hampshire have in 2025?
New Hampshire has a 5% tax on dividends and interest income, property taxes, business profits tax (7.6%), and business enterprise tax (0.5% on compensation and benefits). No tax on wages, salaries, or capital gains.
Is New Hampshire tax-friendly for retirees?
Yes, New Hampshire is very tax-friendly for retirees. There's no tax on retirement income including pensions, 401(k) distributions, and Social Security. Only dividends and interest are subject to NH tax if over the exemption threshold.
How does New Hampshire's dividend and interest tax work?
New Hampshire taxes dividends and interest at 5% for amounts over $2,400 (single) or $4,800 (married filing jointly). This includes bank interest, dividends from stocks, and certain other investment income.
What are New Hampshire's business taxes?
New Hampshire business taxes include a 7.6% business profits tax and a 0.5% business enterprise tax on compensation and benefits paid. These rates are competitive compared to other states' corporate income taxes.
How do property taxes work in New Hampshire?
New Hampshire has relatively high property taxes, with rates varying by municipality. The state average effective property tax rate is approximately 1.1-1.3%, but this varies significantly by town and county.