Retirement income in New Hampshire
Varies
Does New Hampshire Tax Retirement Income?
Short answer: No. New Hampshire has no tax on wages or retirement income, and its interest and dividends tax was repealed as of 2025, so pensions and 401(k)/IRA withdrawals are not taxed. With no income tax, New Hampshire relies more on sales and property taxes; older homeowners get this break: Low and Moderate Income Homeowners Relief refunds part of the state education tax; income up to $37,000 single, $47,000 married.
Pensions, traditional IRA and 401(k) withdrawals are taxable federally either way; Roth withdrawals after 59½ (5-year rule met) are tax-free.
Records to keep: Keep your state return, W-2s and 1099s (1099-R, SSA-1099), and any state credit worksheets. Check your state revenue department's current-year instructions before you file.
Retirement income in New Hampshire
Varies
Individuals / Personal Taxes
No. New Hampshire has no tax on wages or retirement income, and its interest and dividends tax was repealed as of 2025, so pensions and 401(k)/IRA withdrawals are not taxed. With no income tax, New Hampshire relies more on sales and property taxes; older homeowners get this break: Low and Moderate Income Homeowners Relief refunds part of the state education tax; income up to $37,000 single, $47,000 married.
Business justification
No. New Hampshire has no tax on wages or retirement income, and its interest and dividends tax was repealed as of 2025, so pensions and 401(k)/IRA withdrawals are not taxed. With no income tax, New Hampshire relies more on sales and property taxes; older homeowners get this break: Low and Moderate Income Homeowners Relief refunds part of the state education tax; income up to $37,000 single, $47,000 married. Pensions, traditional IRA and 401(k) withdrawals are taxable federally either way; Roth withdrawals after 59½ (5-year rule met) are tax-free.
Category
- Personal Tax Deductions