Updated September 5, 2026. Quick answer: No, and this is new: New Hampshire’s Interest and Dividends Tax, the state’s only tax that touched any individual’s investment income, was fully repealed effective for tax periods beginning after December 31, 2024. As of tax year 2025 forward, New Hampshire has no individual income tax of any kind, so pensions, 401(k)/IRA withdrawals, and Social Security are all untaxed.
Federal civil service pensions in New Hampshire: does New Hampshire tax federal pensions.
More on public pension systems, topic by topic: NHRS working after retirement, NHRS divorce and QDRO 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.
Taking money out of your TSP? How the state taxes it, from its own tax documents: Does New Hampshire tax TSP withdrawals?.
Trusts have their own page: does New Hampshire tax trust income.
Dividends and interest have their own page: does New Hampshire tax dividends and interest.
Annuity payments have their own page: does New Hampshire tax annuity income.
Military retired pay has its own page: 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.
Withdrawals from a 401(k) or IRA have their own page: does New Hampshire tax 401(k) and IRA withdrawals.
Selling stocks, funds or real estate has its own page: does New Hampshire tax capital gains.
The NHRS survivorship options and refund rules, from the system’s own pages: NHRS retirement decisions.
Confidence note: high. This page is scoped to pension, IRA and 401(k) taxation specifically. For the state’s full retirement-tax picture (Social Security, tax rates, estate and probate), see how New Hampshire taxes retirement income generally.
How pensions and retirement-account withdrawals are taxed
| Public (state/local government) pensions | Not taxed: New Hampshire has no individual income tax as of tax year 2025, and pension income was never covered by the now-repealed Interest and Dividends Tax in any year. |
|---|---|
| Private (employer) pensions | Not taxed, for the same reason. |
| Federal government pensions (FERS/CSRS) | Not taxed, for the same reason. |
| Military retirement pay | Not taxed, for the same reason. |
| IRA and 401(k)/403(b) distributions | Not taxed, for the same reason. |
| General retirement-income exclusion | Not applicable: there is no income tax to exclude retirement income from. |
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Social Security is not taxed either, for the same reason. Social Security has its own rules in every state; see the full breakdown in how New Hampshire taxes retirement income generally.
Figures verified against the New Hampshire General Court RSA chapter 77 page on September 30, 2026; the Department of Revenue Administration wording was not re-checked.
Statute and sources
Governing citation: N.H. RSA Title V, ch. 77 (“Taxation of Incomes”), repealed by 2021, 91:99, II, effective January 1, 2025.
Read September 5, 2026.
Related: how New Hampshire taxes retirement income generally · does New Hampshire tax Roth conversions? · Roth conversion taxes, all 51 jurisdictions.
General information drawn from each state’s own published statutes and revenue-department guidance, not legal, tax or financial advice. Figures and exemption amounts are current as of the date in the quick answer, are set by state law, and can change by future legislation; any pending bill named on this page is not yet law. This page cannot see your own return, which governs. We are not a law firm, a tax adviser, or a fiduciary, and this is not personalized advice.