New Hampshire Income Tax 2026

New Hampshire does not levy a state income tax on wages in 2026. Your paycheck is reduced only by federal income tax, Social Security and Medicare - so you keep more than in most states. New Hampshire has NO tax on wage/salary income (and never has). It historically taxed only interest and dividend income, but the Interest & Dividends (I&D) Tax was repealed effective January 1, 2025 (accelerated from 2027 to 2025 via 2023's HB 2). Confirmed by Tax Foundation 2026: NH joined the ranks of individual-income-tax-free states with the I&D elimination on Jan 1, 2025, and ranks #3 on the 2026 State Tax Competitiveness Index. For tax year 2026 there is no individual income tax of any kind on wages, salaries, self-employment, retirement income, Social Security, capital gains, or interest/dividends. No standard deduction or brackets apply (treat all as 0/empty). No state-level personal income tax means no personal exemption credits. No local/city income taxes. New Hampshire also has no general state sales tax. Revenue comes primarily from property taxes (~59.5%), other taxes (~23%), and a flat 7.5% corporate (business profits) tax. Caveat: a bill (HB 503-FN) was introduced in early 2025 to reinstate the I&D tax at 5%, but it did not become law; the I&D tax remains repealed as of 2026.