Basic Info
Deductions
Insurance Premiums
Your New Hampshire Paycheck Results
Calculating your paycheck…
Take-Home Pay:
$0.00
Per Pay Period:
$0.00
Tax Breakdown
Federal Income Tax:
$0.00
State Income Tax (NH):
$0.00
Social Security:
$0.00
Medicare:
$0.00
Additional Medicare:
$0.00
Total Tax:
$0.00
Deduction Breakdown
401(k) Contribution:
$0.00
Traditional IRA:
$0.00
HSA Contribution:
$0.00
FSA Contribution:
$0.00
Health Insurance:
$0.00
Dental Insurance:
$0.00
Vision Insurance:
$0.00
Other Deductions:
$0.00
Total Deductions:
$0.00
Gross Annual Income:
$0.00
Effective Tax Rate:
0.00%
New Hampshire State Income Tax Information
As of January 1, 2025, New Hampshire has eliminated its tax on interest and dividends income, joining the ranks of states that do not levy any individual income tax. Residents are only subject to federal income taxes, making New Hampshire a tax-friendly state for workers and retirees.
Standard Deduction
While New Hampshire doesn’t have a state income tax, residents can still benefit from the federal standard deduction for the 2025 tax year:
- Single: $15,000
- Married Filing Jointly: $30,000
- Head of Household: $22,500
Retirement Income
Since New Hampshire has no state income tax, all retirement income—including Social Security benefits, pensions, 401(k)s, and IRAs—is not taxed at the state level.
FICA Taxes
| Tax Component | Rate | Income Limit |
|---|---|---|
| Social Security | 6.2% | Up to $176,100 |
| Medicare | 1.45% | No Limit |
| Additional Medicare | 0.9% | Income above $200,000 (Single) / $250,000 (Married) |
Pre-Tax Deductions
Common pre-tax deductions available to New Hampshire residents include:
- Contributions to 401(k), 403(b), and other retirement plans
- Health and dental insurance premiums
- Health Savings Account (HSA) and Flexible Spending Account (FSA) contributions
- Pre-tax transit and commuter benefits
New Hampshire-Specific Taxes and Credits
| Tax or Credit | Description |
|---|---|
| State Unemployment Insurance (SUI) | Employers pay rates ranging from 0.1% to 7.5% on the first $14,000 of each employee’s wages, based on experience rating. New employers pay 1.7%. |
| Education Tax Credit Program | Provides tax credits to businesses that contribute to scholarship organizations, supporting education choice for families. |
| Low-Income Housing Tax Credits (LIHTC) | Offers federal tax credits to investors who fund affordable housing developments in the state. |
| Economic Revitalization Zone Tax Credit | Provides short-term business tax credits for projects that improve infrastructure and create jobs in designated areas. |
Interesting Facts About New Hampshire Taxes
- New Hampshire has no state income tax and no general sales tax, making it one of the most tax-friendly states in the U.S.
- The state relies heavily on property taxes and business taxes to fund public services.
- There is no estate or inheritance tax in New Hampshire.
Frequently Asked Questions (FAQs)
- Does New Hampshire have a state income tax?
- No, as of January 1, 2025, New Hampshire does not impose a state income tax on individuals.
- Are Social Security benefits taxed in New Hampshire?
- No, since there is no state income tax, Social Security benefits are not taxed in New Hampshire.
- What taxes do employers pay in New Hampshire?
- Employers are responsible for paying the State Unemployment Insurance (SUI) tax, with rates based on their experience rating.
- Does New Hampshire offer any state tax credits?
- Yes, New Hampshire offers various tax credits, including the Education Tax Credit Program and the Economic Revitalization Zone Tax Credit.