New Hampshire State Tax Guide
New Hampshire state tax rates and rules for income, sales, property, fuel, cigarette, and other taxes that impact residents.


New Hampshire State Tax: Overview
New Hampshire has no income tax and no sales tax. New Hampshire also has fairly high property taxes when compared to other states.
Earned income is untaxed in New Hampshire, but the state taxes dividends and interest at 5%.
Social Security benefits are not taxed by the state. Income from retirement plans is exempt from New Hampshire's interest and dividends tax. Railroad Retirement benefits are also exempt.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
[Data for this state tax guide was gathered from a number of sources including the Census Bureau, the state’s government website, the Sales Tax Handbook, and the Tax Foundation. Property taxes are cited as a rate percentage rather than the assessed value.]
New Hampshire Income Taxes
New Hampshire Income Tax Range
New Hampshire is a state that doesn't have a personal income tax. However, currently, the state has a 5% tax on dividends and interest.
However, due to legislation, the tax on dividends and interest is being phased out. The rate will be 4% for 2023, 3% for 2024, 2% for 2025, and 1% for 2026. The tax is scheduled to be repealed in 2027, according to the New Hampshire Department of Revenue Administration.
New Hampshire Sales Tax
Income from retirement plans is exempt from New Hampshire's interest and dividends tax. Railroad Retirement benefits are also exempt.
New Hampshire Real Property Taxes
In New Hampshire, the median property tax rate is 1.93% of assessed home value, according to the Tax Foundation.
New Hampshire Property Tax Breaks for Retirees
An exemption for property taxes is available to those age 65 and older who have lived in New Hampshire for at least three years.
New Hampshire Motor Fuel (Gas) Taxes
Product | Tax |
---|---|
Gasoline | $0.24 per gallon |
Diesel | $0.24 per gallon |
Source: Sales Tax Handbook
New Hampshire Tobacco and Alcohol Taxes
Product | Tax |
---|---|
Cigarettes | $1.78 per pack |
Other Tobacco Products | 48% of the wholesale price |
Medical Marijuana | 0.00% |
Source: Sales Tax Handbook
Product | Tax |
---|---|
Beer | $0.00 per gallon |
Wine | $0.30 per gallon |
Liquor | state-controlled |
New Hampshire's general sales tax does not apply to the purchase of beer, wine, and liquor.
Source: Sales Tax Handbook
New Hampshire Estate and Inheritance Taxes
New Hampshire doesn't have estate or inheritance tax.

As the senior tax editor at Kiplinger.com, Kelley R. Taylor simplifies federal and state tax information, news, and developments to help empower readers. Kelley has over two decades of experience advising on and covering education, law, finance, and tax as a corporate attorney and business journalist.
-
Why More Retirees Might Come Out of Retirement
It’s often not solely because of financial reasons, but because of a lack of purpose in retirement. This financial expert can relate.
By Chris Blunt Published
-
What Would Accreditation Change Mean for Real Estate Investors?
Investors determined by a test to be ‘financially savvy’ would be allowed to invest in ways that they can’t now without having a certain level of assets.
By Edward E. Fernandez Published
-
One Key Rule for Understanding 2023 RMDs
RMDs Required minimum distribution (RMD) rules can be confusing, but there is a guideline that can help.
By Kelley R. Taylor Published
-
Capital Gains Tax on Real Estate and Home Sales
Capital Gains Tax Selling your home or a rental property? Here are important capital gains tax rules to keep in mind.
By Joy Taylor Published
-
Another Big IRS Tax Change for Online Sellers
Selling Online Just in time for the holidays, the IRS is delaying a significant tax 1099-K reporting requirement for 2023.
By Kelley R. Taylor Last updated
-
Tax-Deductible Black Friday Deals for the Self-Employed
Black Friday Deals Some Black Friday deals can help the self-employed save on business expenses and taxes.
By Katelyn Washington Published
-
Did You Overpay for Thanksgiving Dinner?
Thanksgiving 2023 marks the second most expensive Thanksgiving dinner in history. But how much it cost depended on what you bought, where you live — and whether your state taxes groceries.
By Katelyn Washington Last updated
-
Most Expensive States for Retired Military Service Members
Military Retirement Veterans can keep more of their military retirement pay by avoiding these high-taxed, most expensive states for retired service members.
By Katelyn Washington Last updated
-
2023 401(k) Contribution Deadline Coming Soon
401(k) Contributions Year-end is the deadline for making max 401(k) contributions that can increase your savings for retirement and help lower your tax bill.
By Kelley R. Taylor Last updated
-
10 Worst States To Retire in if You Hate Paying Taxes
State Taxes Relatively high tax burdens make these places the worst states to retire.
By Katelyn Washington Last updated