About New Hampshire's old interest & dividends tax: New Hampshire's 5% tax on interest and dividends was fully phased out at the start of 2025. For 2026, the state has no tax on wages and no tax on investment income — only federal income tax and FICA come out of a New Hampshire paycheck.
What New Hampshire taxes instead
New Hampshire is unusual twice over: no wage income tax and no sales tax. Property tax carries the load instead.
- Property tax. New Hampshire has among the highest effective property tax rates in the country. This is the central trade-off — with neither a sales tax nor a wage income tax, homeowners fund most of local government and schools.
- Meals and Rooms tax — 8.5%. Restaurant meals, prepared food, hotel and short-term lodging, and rental cars are taxed at 8.5%. It is the one place a visitor reliably encounters New Hampshire tax. The rate was reduced from 9% effective October 1, 2021.
- Business taxes. The Business Profits Tax and Business Enterprise Tax are significant revenue sources, paid by companies rather than collected from wages.
- Interest and dividends — repealed. New Hampshire formerly taxed investment income at 5%. That tax has been fully phased out, so interest and dividends now face no state tax either.
None of this touches your paycheck — the calculator above shows federal tax and FICA only, because that is genuinely all New Hampshire withholds. The catch is that a bigger paycheck is not the same as a lower total burden: what the state skips on income it generally collects somewhere else. Compare against a state that does tax income using the state paycheck calculators.
Top Cities in New Hampshire
The largest cities in New Hampshire, by U.S. Census Bureau estimate for July 1, 2025:
- Manchester — 116,818 residents
- Nashua — 92,435 residents
- Concord — 44,597 residents
How New Hampshire Compares to Neighboring States
Single-filer take-home on a $75,000 annual salary in 2026, federal + state income tax + FICA only:
| State | Take-Home | vs. New Hampshire |
|---|---|---|
| New Hampshire (here) | $61,593 | — |
| Maine | $58,208 | -$3,385 |
| Vermont | $59,103 | -$2,490 |
| Massachusetts | $58,063 | -$3,530 |
Take-home reflects single filer, no pre-tax deductions; SDI/PFML and local taxes excluded for an apples-to-apples comparison.
Frequently Asked Questions
What is the New Hampshire state income tax rate?
New Hampshire has no state income tax on wages. Your mandatory paycheck deductions are federal income tax (10–37% depending on income), Social Security (6.2% up to $184,500 in 2026), and Medicare (1.45%, plus 0.9% on wages over $200K).
How much is taken out of my paycheck in New Hampshire?
For a single filer earning $75,000 in New Hampshire (2026), expect roughly $7,670 in federal income tax, $5,738 in FICA — leaving about $61,593 take-home (17.9% effective tax rate). New Hampshire has no state paid-leave premium and no local income tax, so those are the only deductions required by law.
Is anything withheld for New Hampshire on my paycheck?
No state income tax. Only a premium for the voluntary paid leave plan, if you or your employer chose it.
I live in New Hampshire and work in Massachusetts. Do I pay Massachusetts tax?
Yes, on pay for work performed in Massachusetts. Work done at home in New Hampshire isn't taxed by Massachusetts.
What is the minimum wage in New Hampshire?
$7.25 an hour, the federal minimum.