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

The repeal-date correction

How New Hampshire taxes retirement income

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

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

Comparison tables scroll horizontally on smaller screens.

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Security, pensions or retirement-plan withdrawals — and its one remaining levy, the Interest & Dividends Tax, was repealed for taxable periods beginning after December 31, 2024, two years ahead of the original phase-out schedule.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 general sales tax, no estate tax, and no inheritance tax.

Federal civil service pensions in New Hampshire: does New Hampshire tax federal pensions.

More on public pension systems, topic by topic: NHRS divorce and QDRO, NHRS ordinary disability retirement and NHRS accidental disability retirement.

Married, or planning for a spouse’s death? Whether the state is a community property state, from its own statutes: Is New Hampshire a community property state?.

Withdrawing from an IRA or 401(k)? Whether the state withholds tax from it, from its own documents: New Hampshire tax withholding on IRA and 401(k) withdrawals.

Selling your home? How the state taxes the profit, from its own tax documents: Does New Hampshire tax the profit from selling your home?.

Taking money out of your TSP? How the state taxes it, from its own tax documents: Does New Hampshire tax TSP withdrawals?.

For trust income specifically: does New Hampshire tax trust income.

For dividends and interest specifically: does New Hampshire tax dividends and interest.

For annuity payments specifically: does New Hampshire tax annuity income.

For military retired pay: does New Hampshire tax military retirement.

Saving for a child’s college? The state’s 529 break has its own page: New Hampshire 529 plan tax deduction.

For 401(k) and IRA withdrawals specifically: does New Hampshire tax 401(k) and IRA withdrawals.

For the sale of stocks, funds or real estate: does New Hampshire tax capital gains.

Before the tax question, the NHRS retirement options, refund and service credit rules: NHRS retirement decisions.

New Hampshire is one of 43 jurisdictions that do not tax Social Security at any income level in 2026. The other 8 exempt benefits only up to an income or age limit. Full rules and statutes: the 51-state table.

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. Executors, administrators and their attorneys are allowed reasonable fees, determined by the nature of the estate and always subject to the approval of the court. 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 general 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.

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. Its small-estate route reaches real property only where the waiver conditions are met — the RSA 553:32 affidavit “shall list all real estate owned by the decedent at the time of death, including the location, book, and page”, and eligibility turns on who administers the estate and what it owes rather than on value. 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.

Figures verified against RSA 553:32, the RSA chapter 77 repeal note and the text of 2021 HB 2 on September 30, 2026; the 2023 HB 2 acceleration citation, the $2,400 and $4,800 exemption amounts, the other-state comparison rows and the SEC adviser roster figures were not re-checked.

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

What this state guide covers