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The interest and dividends tax is a state tax on distributions, dividends, and interest income often accrued from investments.
New Hampshire is long known for having no broad-based personal income tax, but the interest and dividends tax was the last income-based tax on the books. ... cutting the rate from 5% to 4% in 2023 ...
New Hampshire But if you make more than $2,400 per year (or $4,800 per year as a married couple filing jointly) in interest and dividends, you’ll be levied a 3% state tax on that income in 2024.
New Hampshire – The accelerated phase-out of a tax on dividends and interest completed at the start of 2025. [15] For large businesses, the 0.55% Business Enterprise Tax is essentially an income tax. The state also has a 7.5% (2024) Business Profits Tax. [16]
New Hampshire introduced a flat tax on interest and dividends in 1923, at the average property tax rate imposed by municipalities in the state. [130] The rate was fixed at 4.25% in 1956, changed to 5% in 1977, 4% in 2023, 3% in 2024, and the tax was repealed in 2025.
Sununu opposes New Hampshire's 5% tax on dividends and interest income. [47] After his 2020 reelection, he called for newly elected Republican majorities in the New Hampshire House and Senate to pass a law phasing out this tax by 2026, saying that it unfairly targets senior citizens living off of these types of income and their retirement ...
New Hampshire doesn’t tax income or capital gains, but it does tax investment income, including interest and dividends, so you might want to speak with a tax expert if you live there.
New Hampshire's major regions are the Great North Woods, the White Mountains, the Lakes Region, the Seacoast, the Merrimack Valley, the Monadnock Region, and the Dartmouth-Lake Sunapee area. New Hampshire has the shortest ocean coastline of any U.S. coastal state, with a length of 18 miles (29 km), [26] sometimes measured as only 13 miles (21 km).