New Hampshire Retirement Taxes (2026): Zero Income Tax Now

2026 edition · statute-cited · part of Clear Money Guide’s 51-state retirement tax series. This guide covers state taxes on retirement income and estate transfers; property and sales taxes vary by county and are outside its scope.

Updated July 24, 2026. Quick answer: New Hampshire now taxes no individual income of any kind. It never taxed wages, Social Security, pensions or retirement-plan withdrawals — and its one remaining levy, the Interest & Dividends Tax, was repealed for taxable periods beginning after December 31, 2024, two years ahead of the original phase-out schedule. Guides still describing a 3% I&D tax “phasing out by 2027” are stale: for 2025 and 2026 there is nothing to file. New Hampshire also levies no sales tax, no estate tax, and no inheritance tax.

The repeal-date correction

The Interest & Dividends Tax (3% in its final year, on interest and dividends above $2,400 single / $4,800 joint) was originally scheduled to phase out through 2026 — then the repeal was accelerated to take effect for tax periods beginning after 12/31/2024 (HB 2, 2023 session). Practical consequence for retirees: portfolio income — dividends from a taxable brokerage account, bond interest, CD interest — is now entirely untaxed at the state level, which used to be New Hampshire’s one asterisk against Florida or Nevada. That asterisk is gone as of tax year 2025.

How New Hampshire taxes retirement income

Income tax	None — I&D Tax repealed for periods beginning after 12/31/2024
Social Security	Not taxed
Pension / 401(k) / IRA	Not taxed
Dividends & interest	Not taxed (repeal effective TY2025)
Estate / inheritance tax	None

Settling an estate: no dollar threshold — a structure test instead

Most states offer a small-estate affidavit up to a dollar limit. New Hampshire’s shortcut works differently: waiver of full administration under RSA 553:32 — no inventory, no bond, no accounting — is available based on who inherits, not how much: for example, when the surviving spouse is the sole heir or beneficiary and serves as administrator (the statute extends to certain other sole-heir situations), completed by an affidavit of administration filed 6–12 months after appointment. Executor and attorney compensation is allowed by the Circuit Court Probate Division as just and reasonable (RSA ch. 554 practice) — no percentage schedule. Context: probate cost by state · small-estate limits by state.

Is New Hampshire a good state to retire in for taxes?

On state taxes alone, New Hampshire now sits in the top tier with Florida, Nevada and the other no-income-tax states — with the added rarity of no sales tax either. The honest trade-off isn’t in this guide’s scope but belongs in your math: New Hampshire funds government heavily through property taxes, among the nation’s highest as a share of home value. For renters and modest-home retirees the tax case is outstanding; for owners of expensive homes, compare the property-tax bill against the income taxes you’re escaping — especially versus next-door Maine, which taxes income but often carries lower property bills.

New Hampshire vs. common alternatives

State	Social Security	Pension / 401(k) / IRA	Estate tax	Inheritance tax
New Hampshire	Not taxed	Not taxed (no income tax)	None	None
Maine	Not taxed	$48,216 deduction less SS received (AGI-tested)	Yes — $7.16M, 8–12%	None
Massachusetts	Not taxed	Private pensions/401(k)/IRA taxed at 5%; gov pensions exempt	Yes — $2M via credit	None
Florida	Not taxed	Not taxed (no income tax)	None	None

Comparison rows summarize general rules; see our 51-state retirement tax table for statute-cited detail.

Considering a Roth conversion? The converted amount is taxed as ordinary income in the year you convert, and New Hampshire may treat it differently from the retirement income above — see how all 51 jurisdictions tax Roth conversions.

Finding a financial advisor in New Hampshire

Per the SEC’s July 2026 Investment Adviser roster, New Hampshire has 77 SEC-registered advisory firms (#33 nationally) managing $60.6 billion (#42 by AUM). Full breakdown: New Hampshire advisor statistics. Reviewing fee structures: fee-drag calculator.

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Thinking about moving?

Four taxes change when you move state in retirement, not one: income tax on withdrawals, state estate tax, state inheritance tax, and what probate costs your heirs. Corridor comparisons involving New Hampshire:

Moving to New Hampshire? See retiring to New Hampshire.

Compare any two states with the retirement tax comparison tool, or browse all corridors at the relocation hub.

What probate costs in New Hampshire

New Hampshire sets probate compensation by a “reasonable fee” standard with no percentage schedule, so anyone quoting a firm figure is estimating. Whether its small-estate route reaches real property is not clearly stated in the statute, so treat that as unresolved rather than permission. Full detail with the governing statute, the court filing fee and the threshold: New Hampshire probate cost. To price a specific estate, use the probate cost calculator.

Cite or share this guide

Suggested citation: Clear Money Guide, “New Hampshire Retirement Taxes (2026 edition),” statute-cited; clearmoneyguide.com/new-hampshire-retirement-taxes/. Free to cite with attribution and a link. Data verified July 23–24, 2026 against state statutes, session laws, and revenue-department guidance.

New Hampshire Retirement Taxes (2026): Zero Income Tax — the Interest-and-Dividends Repeal Came Early