New Hampshire Paycheck Calculator & Income Tax Rates (2026)

New Hampshire does not levy a personal income tax, so there are no brackets, no standard deduction and no state withholding from your paycheck. Federal income tax, Social Security (6.2% up to $184,500) and Medicare (1.45%, plus 0.9% above $200,000) are the only payroll taxes you pay.

With no state tax, the effective rate in New Hampshire rises only because federal brackets are progressive and the 0.9% additional Medicare tax kicks in above $200,000.

Filing status only changes the federal side in New Hampshire. A married couple filing jointly on $100,000 keeps $84,710 versus $79,125 for a single filer — the difference comes entirely from the doubled federal standard deduction ($32,200 vs $16,100) and wider federal brackets.

New Hampshire taxes no personal income for 2026. Wages have never been taxed here—the state has repeatedly refused a broad income tax—and the one exception, a tax on interest and dividends dating to 1923, is gone: after ratcheting down from 5% to 4% in 2023 and 3% in 2024, it was repealed for tax periods beginning after December 31, 2024. That makes New Hampshire the ninth state with no individual income tax of any kind and the second, after Tennessee in 2021, to shed a tax on investment income. What remains is a pair of business taxes: the Business Profits Tax at 7.5% and the Business Enterprise Tax at 0.55% of wages, interest and dividends paid, which fall on companies and on self-employed people whose gross receipts clear an inflation-indexed threshold of roughly $100,000. Absent sales and income taxes, New Hampshire leans on property taxes harder than any other state.

With no individual income tax there is no state return, standard deduction or personal exemption. The deduction structure that matters is inside the business taxes: the Business Profits Tax allows a reasonable-compensation deduction for owner labor, and Business Enterprise Tax paid is credited against the Business Profits Tax. On the property side, the elderly exemption, blind exemption and veterans' credit are set town by town.

No New Hampshire city, town or county levies an income or wage tax, and municipalities have no statutory authority to create one. Municipal budgets run almost entirely on property tax.

New Hampshire has no state or local sales tax, a point the state advertises on its borders with Massachusetts (6.25%) and Maine (5.5%). The exceptions are targeted: a Meals and Rooms tax of 8.5% on restaurant meals, hotel stays and car rentals, a 7% communications services tax, and excise taxes on gasoline, tobacco and beer. Liquor is sold through state-run stores, a revenue source in its own right.

New Hampshire's property taxes are among the highest in the country, with effective rates commonly in the 1.6% to 1.9% range and median bills above $6,000. Every bill combines a municipal levy, a county levy, a local school levy and the Statewide Education Property Tax. Relief comes through locally set elderly exemptions that reduce assessed value for homeowners 65 and older, a veterans' credit, and the Low and Moderate Income Homeowners Property Tax Relief program, which refunds part of the statewide education portion.

Nothing is taxed. Social Security, pensions of every kind, military retirement, 401(k) and IRA withdrawals, annuities and—new as of the 2025 tax year—interest and dividends are all untaxed. The repeal of the interest and dividends tax matters most to retirees, who were its main payers: a couple with $60,000 of dividend income above the old exemptions owed roughly $1,800 in 2024 and owes nothing in 2026. The trade-off is that retirees who own a home face some of the nation's highest property tax bills, which is why the elderly exemptions offered by most towns are worth applying for.

W-2 earners and dual-income couples keep everything the state would otherwise take—but tens of thousands of New Hampshire residents commute to Massachusetts, which taxes nonresidents on wages earned inside its borders at 5%, so for those households the savings vanish. Working from home in New Hampshire for a Massachusetts employer is different: since Massachusetts's pandemic-era sourcing rule expired in 2021, days worked at home are not Massachusetts-source. Retirees win outright after the interest-and-dividends repeal. The self-employed do well until gross receipts pass roughly $100,000, when the 7.5% Business Profits Tax applies to profits above reasonable compensation.

The median household income in New Hampshire is $76,000, which is $62,241 a year ($5,187 a month) after all taxes. That is above the national median, reflecting New Hampshire's higher cost of living and correspondingly higher wages. After adjusting for cost of living, the purchasing power of that take-home is equivalent to $57,631 in an average-cost area.

New Hampshire ranks #4 of 50 for raw take-home pay and #35 for cost-adjusted purchasing power at $100,000. The 31-place gap between the two reflects an above-average cost of living that erodes what the take-home actually buys. The best state (Alaska) leaves $79,125; the worst (Oregon) leaves $70,932. New Hampshire is $0 behind the leader.

New Hampshire Tax Questions, Answered

Compare New Hampshire with Other Northeast States

Specific Salaries in New Hampshire