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Hampshire’s Interest and Dividends Tax, the state’s only tax that touched any individual’s investment income, was fully repealed effective for tax periods beginning after December 31, 2024.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.
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taxed: New Hampshire has no individual income tax as of tax year 2025, and pension income was never covered by the now-repealed Interest and Dividends Tax in any year.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. |
Coordinate this with your overall retirement plan
An adviser can help weigh how much of a pension or IRA withdrawal to take this year, whether a Roth conversion makes sense before or after a move, and how state tax interacts with the rest of your plan, but that does not replace the numbers in your own return.
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Social Security
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.
Statute and sources
Governing citation: N.H. RSA Title V, ch. 77 (“Taxation of Incomes”), repealed by 2021, 91:189, II, effective January 1, 2025.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.