Income Taxes: Difference between revisions
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New Hampshire has no general income tax at the state level, however there is currently an Interests and Dividends tax. This tax is going away after December 31st, 2026 thanks to the effort of liberty legislators in NH, meaning that soon New Hampshire will be totally free of all state-level income taxes. | New Hampshire has no general income tax at the state level, however there is currently an Interests and Dividends tax. This tax is going away after December 31st, 2026 thanks to the effort of liberty legislators in NH, meaning that soon New Hampshire will be totally free of all state-level income taxes. | ||
Revision as of 21:31, 15 June 2022
New Hampshire has no general income tax at the state level, however there is currently an Interests and Dividends tax. This tax is going away after December 31st, 2026 thanks to the effort of liberty legislators in NH, meaning that soon New Hampshire will be totally free of all state-level income taxes.
Please see the following table:
| Year | Interests and Dividends Tax Rate |
|---|---|
| 2023 | 4% |
| 2024 | 3% |
| 2025 | 2% |
| 2026 | 1% |
| 2027 | 0% |
2027 and afterward, there is officially zero interest and dividends taxes in New Hampshire, making New Hampshire 100% free of all income taxes.
