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Flat Income Tax Rate: 4.7% for filers earning more than $10,000. Standard Deduction (Single): $2,300. ... New Hampshire. Flat Income Tax Rate: 3% on interest and dividends only.
(The Center Square) — New Hampshire Republicans and conservative groups are celebrating the end of the state’s tax on income from interest and dividends, which expired at the end of the year.
Mississippi's income tax was held to apply to corporations in 1921; North Carolina, modernisation of existing individual and institution of corporate taxes, from 1921; South Carolina, individual and corporate, from 1921 or 1922; New Hampshire, "intangibles" (restricted to interest and dividends), from 1923;
New Hampshire does not have a general income tax nor a general sales tax like many other U.S. states. It does have the following taxes: [27] Interest & Dividends Tax [28] - 3% for tax year 2024; will expire at start of 2025; Inheritance and Estate Tax; Business Profits Tax; Business Enterprise Tax - 0.75% [29] - an income tax on sole proprietors
And New Hampshire has levied a 3% tax on dividends and interest on investment income, but that's going away beginning in 2025. The four states that don't tax retirement income
There is a 8.5% tax on meals and short-term rentals, [19] and a 3% income tax on dividends and interest (abolished effective 2025); [20] moreover, the state's 0.55% Business Enterprise Tax [21] is essentially an income tax on sole proprietors who earn over $281,000 per year.
New Hampshire. Won’t tax Social Security income. Won’t tax pension income. Won’t tax Thrift Savings Plan (TSP) income. Won’t tax 401(k) or IRA. Won’t tax pension, but will tax 401(k)s ...
In 2022, New Hampshire had the lowest teen birth rate of any state, at 4.6 births per 1,000 females ages 15 to 19 years of age. ... but no broad sales tax or income ...
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