Retiring in New Hampshire: how your income is taxed
New Hampshire is very tax-friendly for retirees. On a typical retirement income it ranks tied for #1 of 51 with 18 other states for the lowest state income tax.
The rules in New Hampshire
New Hampshire has no state income tax on wages or retirement income, so Social Security, pensions and retirement-account withdrawals are not taxed by the state. The state's tax on interest and dividends was also repealed starting in 2025.
Calculate your New Hampshire retirement taxes
State income tax in New Hampshire: $0 a year
In New Hampshire, the 401(k)/IRA amount counts as IRA withdrawals, which don't qualify for the pension exclusion. Enter withdrawals from employer plans such as a 401(k) or 403(b) as pension.
In New Hampshire you'd pay about $0 in state income tax and $4,336 in federal income tax on $70,000 of retirement income, keeping $65,664 (6.2% total).
New Hampshire ranks tied for #1 of 51 with 18 other states for the lowest state tax on this income. 19 states charge no state income tax on this income.
What retirees pay in New Hampshire
| Retirement income | State tax (single) | State tax (married) | Federal tax (single) |
|---|---|---|---|
| $24,000 Social Security, $12,000 401(k)/IRA | $0 | $0 | $0 |
| $30,000 Social Security, $20,000 pension, $20,000 401(k)/IRA | $0 | $0 | $4,336 |
| $40,000 Social Security, $40,000 pension, $50,000 401(k)/IRA, $10,000 other income | $0 | $0 | $19,812 |
Age 67 or older, 2026 rules including the federal senior deduction. For married couples, income is the household total and both spouses are 67 or older. State estimates apply New Hampshire's main exclusions and may differ for income-tested credits.
Moving to New Hampshire in retirement?
Compare the tax on your Social Security, pension and 401(k)/IRA income, and typical living costs, with the state you'd leave. These are the states most households moving to New Hampshire come from (IRS migration data, 2022–2023).
- Massachusetts to New Hampshire
- Maine to New Hampshire
- Florida to New Hampshire
- New York to New Hampshire
- Vermont to New Hampshire
- Connecticut to New Hampshire
Frequently asked questions
Does New Hampshire tax Social Security?
Not taxed. New Hampshire has no state income tax. The state's tax on interest and dividends was also repealed starting in 2025.
Does New Hampshire tax pensions?
Not taxed. New Hampshire has no state income tax.
Does New Hampshire tax 401(k) and IRA withdrawals?
Not taxed. New Hampshire has no state income tax.
Is New Hampshire a good state to retire for taxes?
For a single retiree with $30,000 Social Security, $20,000 pension, $20,000 401(k)/IRA, New Hampshire charges about $0 in state income tax, ranking tied for #1 of 51 with 18 other states (lowest tax first).
Related
Sources: revenue.nh.gov, aarp.org. Rules reviewed .