New Hampshire Income Tax Calculator (2024)

Estimate your take-home pay in New Hampshire for 2024!
Our New Hampshire Income Tax Calculator provides a fast, accurate breakdown of your federal and FICA taxes, including deductions, dependents, and pay frequency. New Hampshire doesn't tax wages or salaries! Instantly see your annual and per-paycheck results, interactive charts, and a transparent calculation process.
This tool gives you clarity on your net pay and tax obligations. Updated for 2024 tax rules.

New Hampshire Income Tax Calculator

Calculating for Tax Year 2024
Disclaimer: This is a basic estimate for Tax Year 2024 for informational purposes ONLY. It uses standard deductions or your itemized estimate and limited filing statuses. It does not account for all credits or complexities and is not tax advice. Visit the official New Hampshire Department of Revenue Administration.

Understanding New Hampshire Taxes (2024)

Calculating your take-home pay in New Hampshire involves understanding federal tax obligations and FICA contributions. New Hampshire offers significant tax advantages with no tax on wages and salaries.

New Hampshire State Income Tax

New Hampshire does not tax wages or salary income. This is a major benefit for New Hampshire residents, who only need to worry about federal income taxes and FICA taxes (Social Security and Medicare) for their employment income.

New Hampshire has historically taxed only interest and dividend income at a rate of 5%. However, this tax is being phased out according to the following schedule:

  • 2023: 4% tax rate
  • 2024: 3% tax rate
  • 2025: 2% tax rate
  • 2026: 1% tax rate
  • 2027: Fully repealed (0% tax rate)

This calculator assumes that your income is primarily from wages or salary, which is not subject to New Hampshire state tax.

Local Taxes

There are no local income taxes in New Hampshire. Local governments derive their revenue primarily from property taxes.

Federal Income Tax

Federal income tax is based on federal tax brackets, your filing status, deductions (standard or itemized), and allowances claimed on your W-4. Pre-tax deductions like 401(k) or HSA contributions reduce your federal taxable income.

For 2024, the federal standard deduction is $14,100 for singles and married individuals filing separately, $28,200 for married couples filing jointly, and $21,150 for heads of household.

FICA Taxes (Social Security & Medicare)

FICA taxes fund Social Security and Medicare. These are typically withheld by employers.

  • Social Security: 6.2% on income up to the annual limit ($168,600 for 2024).
  • Medicare: 1.45% on all income. An additional 0.9% Medicare tax applies to income above certain thresholds ($200,000 for Single, $250,000 for MFJ).

Other New Hampshire Taxes (Not Calculated Here)

While New Hampshire has no income tax on wages, residents should be aware of other taxes:

  • No Sales Tax: New Hampshire is one of the few states with no general sales tax.
  • Property Tax: Property taxes in New Hampshire are among the highest in the nation, as they are the primary source of revenue for local governments.
  • Business Taxes: New Hampshire has a Business Profits Tax and a Business Enterprise Tax that apply to businesses operating in the state.
  • Meals and Rooms Tax: New Hampshire imposes an 8.5% tax on restaurant meals and hotel rooms.

Disclaimer: This information is for general guidance for the 2024 tax year and is not tax advice. Consult a tax professional for personalized advice.