New Hampshire State Income Tax - Tax Year 2012
New Hampshire Income Tax Table
|Tax Bracket (Single) ||Tax Bracket (Couple) ||Marginal Tax Rate|
Note: New Hampshire a state income tax, but it only applies to certain dividend and interest income. Wages are not taxed.
The New Hampshire Income Tax
New Hampshire has a flat income tax rate of 5.00% of gross income, unlike the federal income tax which uses tax brackets based on marginal income. There are a total of thirty three states with higher marginal income tax rates then New Hampshire.
New Hampshire's individual tax rates apply to interest and dividend income only. Income tax is not levied on wages. You only have to file a New Hampshire Income Tax Return if you have earned over $2,400 annually ($4,800 for joint filers) in taxable dividend and interest income. Additional exemptions exist for seniors or disabled individuals:
- a $1,200 exemption is available for residents who are 65 years of age or older
- a $1,200 exemption is available for residents who are blind regardless of their age
- a $1,200 exemption is available to disabled individuals under age 65 who are unable to work
If you have any questions about what income is taxable, or need to ask questions about your tax account, you can call the New Hampshire Taxpayer Services department at (603) 230-5920.
Recent taxes on gambling income and inheritances were repealed in 2011 and 2003, respectively. Overall, New Hampshire has a relatively low tax burden compared to most other states. There are -33 days left until Tax Day, on April 15th 2013.
New Hampshire Tax Deductions
Income tax deductions are expenses that can be deducted from your gross pre-tax income. Using deductions is an excellent way to reduce your New Hampshire income tax and maximize your refund, so be sure to research deductions that you mey be able to claim on your Federal and New Hampshire tax returns. For details on specific deductions available in New Hampshire, see the list of New Hampshire income tax deductions.
- The New Hampshire standard deduction is $2,400.00 for individuals and $4,800.00 for married couples filing jointly. The standard deduction may be chosen instead of filing an itemized deduction on your New Hampshire tax return.
- New Hampshire has no personal exemption. The Federal Income Tax, however, does allow a personal exemption to be deducted from your gross income if you are responsible for supporting yourself financially.
- Unlike most states, New Hampshire does not have a dependent deduction. You can, however, claim dependent deductions on your Federal Tax Return.
- Not applicable.
New Hampshire Income Tax Forms
How To File Your New Hampshire Income Tax Return
Where To Send Your New Hampshire Tax Return
e-Filing: Submit Your New Hampshire Tax Return Online
You can save time and money by electronically filing your New Hampshire income tax directly with the Department of Revenue Administration . Benefits of e-Filing your New Hampshire tax return include instant submission, error checking, and faster refund response times. Most tax preparers can electronically file your return for you, or you can do it yourself using free or paid income tax software, like the examples listed below.
To e-file your New Hampshire and Federal income tax returns, you need a piece of tax software that is certified for eFile by the IRS. While most in-depth tax software charges a fee, there are several free options available through the states, and simple versions are also offered free of charge by most tax software companies.
The two most popular tax software packages are H&R Block At Home, sold by the H&R Block tax preparation company, and TurboTax Federal & State, sold by the Intuit software company. Both companies produce multiple editions for simple to very complex tax returns, so be sure to carefully compare the features offered by each package.
Getting Your New Hampshire Tax Refund
If your state tax witholdings are greater then the amount of income tax you owe the state of New Hampshire, you will receive an income tax refund check from the government to make up the difference.
It should take one to three weeks for your refund check to be processed after your income tax return is recieved. E-filing your return and filing early can help ensure your refund check gets sent as quickly as possible.
Once you've filed your tax return, all you have to do is wait for your refund to arrive. If you want to check the status of your New Hampshire tax refund, you can visit the New Hampshire Department of Revenue Administration Income Tax Refund page.
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- Our state ranking and income tax figures are based on a family of four (married parents with two children) earning the national median household income of $50,000 per year. Deductions and personal exemptions are taken into account, but some state-specific deductions and tax credit programs may not be accounted for.
- Before the official 2013 New Hampshire income tax rates are released, provisional 2013 tax rates are based on New Hampshire's 2012 income tax brackets.
- The 2013 state personal income tax brackets are updated from the New Hampshire Department of Revenue Administration and Tax Foundation data.
- New Hampshire tax forms are sourced from the New Hampshire Department of Revenue Administration income tax forms page, and are updated on a yearly basis. Please make sure the New Hampshire forms you are using are up-to-date.