New Hampshire Paycheck Calculator

Calculate your take home pay after federal & New Hampshire taxes

Last updated on Jun 13 2021

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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 and exemptions
• no additional tax credits

From Wikipedia

New Hampshire fiscal year starts from July 01 the year before to June 30 the current year. So the fiscal year 2021 will start from July 01 2020 to June 30 2021.

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. determine whether your tax liability is more than your tax credits and withheld
   • Tax liability – (Credits + Withheld) = What you owe or
   • (Credits + Withheld) – Tax liability = Tax refunds

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.

Deductions

There is no state-level standard deductions.

Exemptions

There is no state-level exemptions.

Earned Income Tax Credit (EITC)

There is no state-level EITC.

Child Tax Credit (CTC)

There is no state-level CTC.

FAQs