Sales tax deduction in New Hampshire
Varies
Is Sales Tax Deductible in New Hampshire?
Short answer: Yes, and it's usually your best option: New Hampshire has no income tax, so itemizers deduct sales tax instead (0% state rate, about 0% with local taxes). No general sales tax, but an 8.5% Meals and Rooms (Rentals) tax applies to restaurant meals, lodging, and motor vehicle rentals.
Use the IRS Sales Tax Deduction Calculator or your receipts, add sales tax paid on a car, boat, or home-building materials, and stay within the $40,400 SALT cap (Schedule A line 5a).
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.
Sales tax deduction in New Hampshire
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Individuals / Personal Taxes
Yes, and it's usually your best option: New Hampshire has no income tax, so itemizers deduct sales tax instead (0% state rate, about 0% with local taxes). No general sales tax, but an 8.5% Meals and Rooms (Rentals) tax applies to restaurant meals, lodging, and motor vehicle rentals.
Business justification
Yes, and it's usually your best option: New Hampshire has no income tax, so itemizers deduct sales tax instead (0% state rate, about 0% with local taxes). No general sales tax, but an 8.5% Meals and Rooms (Rentals) tax applies to restaurant meals, lodging, and motor vehicle rentals. Use the IRS Sales Tax Deduction Calculator or your receipts, add sales tax paid on a car, boat, or home-building materials, and stay within the $40,400 SALT cap (Schedule A line 5a).
Category
- Personal Tax Deductions