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New Hampshire taxes at a glance (2026)

New Hampshire has no state income tax on wages, so your paycheck is reduced only by federal income tax, Social Security and Medicare. 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 It historically taxed only interest and dividend income, but the Interest & Dividends (I&D) Tax was repealed effective January 1, 2025 (accelerated from 2027 to 2025 via 2023's HB 2).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(HB 503-FN) was introduced in early 2025 to reinstate the I&D tax at 5%, but it did not become law; the I&D tax remains repealed as of 2026.