New Hampshire Income Tax Rate 2024 - 2025
New Hampshire state income tax rate table for the 2024 - 2025 filing season has one income tax bracket or a flat NH tax rate of 3% for Single, Married Filing Jointly, Married Filing Separately, and Head of Household statuses. The New Hampshire income tax rate decreased from 4% last year to 3% this year. The current year 2024 New Hampshire income tax rate of 3% applies only to taxable income from bonds, stocks, and receivable notes.
The New Hampshire Interest and Dividends Tax will be repealed ahead of schedule at the beginning of calendar year 2025. The list below shows how the New Hampshire Interest and Dividends Tax rate decreased from 5% to 3% by year.
- 5% for income tax year 2022
- 4% for income tax year 2023
- 3% for income tax year 2024
- 0% for income tax year 2025 (repealed)
New Hampshire income tax rate and tax brackets shown in the table below are based on income earned between January 1, 2024 through December 31, 2024. Outlook for the 2025 New Hampshire income tax rate is to decrease to 0% of taxable interest and dividends.
| Income Tax Bracket | Tax Rate 2024 | ||
|---|---|---|---|
| $0 | to | ∞ | 3% |
| Income Tax Bracket | Tax Rate 2024 | ||
|---|---|---|---|
| $0 | to | ∞ | 3% |
| Income Tax Bracket | Tax Rate 2024 | ||
|---|---|---|---|
| $0 | to | ∞ | 3% |
| Income Tax Bracket | Tax Rate 2024 | ||
|---|---|---|---|
| $0 | to | ∞ | 3% |
Source: 2024 New Hampshire State Tax Rate Schedule, published by the New Hampshire Department of Revenue Administration.
Please reference the New Hampshire tax forms and instructions booklet published by the New Hampshire Department of Revenue Administration to determine if you owe state income tax or are due a state income tax refund. New Hampshire income tax forms are generally published at the end of each calendar year, which will include any last minute 2024 - 2025 legislative changes to the NH tax rate or tax brackets. The New Hampshire income tax rate tables and tax brackets shown on this web page are for illustration purposes only.
New Hampshire Tax Brackets 2024 - 2025
Looking at the tax rate and tax brackets shown in the tables above for New Hampshire, we can see that New Hampshire collects individual income taxes similarly for Single and Married filing statuses, for example. We can also see the flat nature of New Hampshire state income tax rates at 3% regardless of income and status.
For single taxpayers living and working in the state of New Hampshire:
- Flat tax rate of 3% is applied to all taxable income from bonds, stocks, and receivable notes.
For married taxpayers living and working in the state of New Hampshire:
- Flat tax rate of 3% is applied to all taxable income from bonds, stocks, and receivable notes.
For the Single, Married Filing Jointly, Married Filing Separately, and Head of Household filing statuses, the NH tax rates and the number of income tax brackets remain the same.
Last updated: December 6, 2024
References:
- Interest and Dividends Tax. New Hampshire Department of Revenue Administration. Retrieved December 6, 2024.
- New Hampshire's interest and dividends tax – and why it's a hot campaign issue – explained. New Hampshire Bulletin, State House. Retrieved December 6, 2024.
- Increasing exemptions to the interest and dividends tax and repealing the tax in 2025. LegiScan, New Hampshire House Bill 568. Retrieved December 6, 2024.
- Finally, An Income Tax Free New Hampshire. Granite State Taxpayers, Legislation. Retrieved December 6, 2024.