New Hampshire Paycheck Calculator

Calculate your take home pay after federal & New Hampshire taxes

Updated for 2022 tax year on Aug 02 2022

Paycheck calculators by state

New Hampshire state income tax

New Hampshire has a population of over 1 million (2019) and is also known as the Granite State for its extensive granite formations and quarries. The median household income is $73,381 (2017).

Brief summary:

• income tax applies to income from interest and dividends only
• if you earn normal wage, there is no income tax
• no state-level payroll tax
• no standard deductions
• can claim state exemptions

From Wikipedia

New Hampshire tax year starts from July 01 the year before to June 30 the current year. So the tax year 2022 will start from July 01 2021 to June 30 2022.

Calculating your New Hampshire state income tax is similar to the steps we listed on our Federal paycheck calculator:

1. figure out your filing status
2. work out your adjusted gross income [Total annual income – Adjustments = Adjusted gross income]
3. calculate your taxable income [Adjusted gross income – (Post-tax deductions + Exemptions) = Taxable income]
4. understand your tax liability [Taxable income × Tax rate = Tax liability]
5. minus any additional tax withholdings [Total annual income – (Tax liability + All deductions + Withholdings) = Your annual paycheck]

State payroll tax

There is no state-level payroll tax.

Income tax brackets

New Hampshire does tax income from interest and dividends, however. The Interest and Dividends Tax is a flat rate of 5%. The standard exemption for that tax is $2,400 for Single and $4,800 for married persons filing jointly, so taxpayers with income from interest and dividends below that amount do not have to pay any taxes. Additional exemptions of $1,200 are available to residents who are either 65 years or older, blind or disabled and unable to work.

Taxpayers with income from interest and dividends above their total exemption will pay taxes only on the amount that exceeds the exemption. Say, for example, a single filer earns $6,000 in interest annually. They would pay $180 in taxes, because the 5% tax only applies to the $3,600 above their exemption.

Standard deduction

There is no state-level standard deductions.

Exemptions

There is state-level exemptions for all type of filers.

FAQs