Find Local New Hampshire Tax Relief Experts

New Hampshire has no broad individual income tax on wages and salaries, but it does impose a 4% tax on interest and dividend income above $2,400 per year (the I&D tax), being phased out by 2027. New Hampshire has no state sales tax, making it a retail shopping destination for residents of neighboring Massachusetts, Maine, and Vermont. Business Tax New Hampshire (BET) applies at 0.6% of enterprise value tax base (compensation plus interest plus dividends paid), and the Business Profits Tax (BPT) applies at 7.6% on taxable business income exceeding $50,000. Payroll taxes in New Hampshire are limited to federal obligations plus the state unemployment insurance tax (ranging from 0.1% to 7% based on experience rate); there is no state income tax withholding requirement for employees. Multi-state businesses with New Hampshire operations frequently misunderstand the BET obligation, which functions as a minimum tax regardless of profitability, and fail to file returns, leading to penalties and back taxes. Back tax debt under the BPT and BET carries 10% annual interest; the Department of Revenue Administration can place liens, garnish accounts receivable, and assess personal liability against LLC members or corporate officers. Remote workers who live in New Hampshire but work for Massachusetts employers face a unique tax situation: Massachusetts claimed the right to tax remote workers during COVID-19, and that dispute continues to affect New Hampshire residents. New Hampshire offers installment agreements and an informal appeals process with the DRA before formal hearings before the Board of Tax and Land Appeals.