Retiring in New Hampshire

Every figure below is sourced to New Hampshire’s own publications and dated. Estimates only, and not tax advice.

New Hampshire at a glance

New Hampshire has no state income tax, so none of your retirement income — 401(k) and IRA withdrawals, pensions, or Social Security — is taxed at the state level. Federal tax is a separate matter these pages do not model.

  • NEW HAMPSHIRE BECAME A GENUINELY ZERO-INCOME-TAX STATE ONLY IN 2025, AND ANY DATASET STILL DESCRIBING IT AS TAXING INTEREST AND DIVIDENDS IS NOW WRONG. The Interest and Dividends Tax was repealed for taxable periods beginning after 2024-12-31, and RSA chapter 77 has been struck from the code entirely rather than merely zero-rated. For 2026 New Hampshire belongs in the same bucket as Nevada, Florida, Texas, South Dakota, Tennessee, Wyoming and Alaska. For tax year 2024 and earlier it did not.
  • THE PHASE-DOWN NEVER REACHED 2%. The actual rate history was 5% for periods ending before 2023-12-31, 4% for periods ending on or after that date, and 3% for periods ending on or after 2024-12-31, then repeal. The 2021 legislation contemplated 2% and 1% steps before a 2027 repeal, but the 2023 acceleration terminated the tax after the 3% year, so those steps never took effect.
  • REPEAL IS NOT AMNESTY. Taxable periods beginning on or before 2024-12-31 remain subject to audit and collection, and anyone required to file a 2024 return still had to.
  • What remains are business taxes only, neither of which reaches an individual's wages or investment income: the Business Profits Tax at 7.5% on business organizations (RSA 77-A:2) and the Business Enterprise Tax at 0.55% on business enterprises (RSA 77-E:2).