New Hampshire Income Tax Forms Rates & Services
New Hampshire does not collect income tax on an individual's reported W-2 wages. There is, however, a 5% tax on an individual's interest and dividends income, inheritance, business taxes, consumer excise taxes and other various New Hampshire taxes.
Individuals residing in New Hampshire who gain income from non-transferable shares earning interest and dividends of more than $2,400 ($4,800 for joint filers) annually are required to pay the Interest and Dividends Income Tax. The following exemptions may apply:
- $1,200 exemption is available for residents who are 65 years of age or older;
- $1,200 exemption is available for residents who are blind regardless of their age;
- $1,200 exemption is available to disabled individuals who are unable to work, provided they have not reached their 65th birthday.
Residents who qualify for the Veterans Tax Credit shall have the following amounts deducted from their tax bills:
- $50 or $100 (if voted by the town) credit available to all qualified veterans or surviving spouse.
- $700 or $1400 (if voted by the town) for veterans qualifying based on a total and permanent service connected disability.
- Residents who qualify as being blind (5/200), paraplegic or having double amputation from military service connected disability and owning a specially adapted home acquired with V.A. assistance are exempt from 100% of the tax bill on that residence.
Low and Moderate Income Homeowners Property Tax Relief may provide tax credit to individuals if the following criteria are met:
- Owns a homestead or interest in a homestead subject to the statewide enhanced education tax
- Resided in such homestead on April 1 of the year for which the claim is made, except such persons as are on active duty in the United States armed forces or are temporarily away from such homestead but maintain the homestead as a primary domicile; and
- Total household income of $20,000 or less if a single person and/or $40,000 or less if a married person or head of household.
Other Helpful Links:
New Hampshire Department of Revenue Administration: http://www.nh.gov/revenue/
Department of Revenue Administration Frequently Asked Questions: http://www.nh.gov/revenue/faq/index.htm
New Hampshire Tax Forms and Documents: http://www.nh.gov/revenue/forms/index.htm
Internal Revenue Service: http://www.irs.gov/
Liberty currently has 6 offices in New Hampshire to suit all your tax preparation needs. We're becoming known for our customer service throughout the country. We treat our customers as number one, and we guarantee our service 100%.
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