New Hampshire Department of Revenue, New Hampshire TaxWe’re Just Not Annoying®
NEW HAMPSHIRE BUSINESS CORPORATE TAX, NEW HAMPSHIRE PERSONAL INCOME TAX, NEW HAMPSHIRE SALES TAX RATES
What is the New Hampshire corporate net income tax rate?
NH has two corporate taxes: the Business Profits Tax (BPT) and the Business Enterprise Tax (BET). The BPT rate is 8.5% of income for corporations with gross receipts over $50K. The BET rate is 0.75% on the enterprise value tax base (total compensation paid out, including dividends and interest). The BET is assessed on corporations with gross receipts over $150K or an enterprise value tax base over $75K.
What is the New Hampshire personal net income tax rate?
None. However there is a 5% tax on interest and dividend income.
What is the average New Hampshire sales tax rate?
No sales tax.
Are there standard deductions?
No deductions… Just a cheap income tax rate.
Are there personal exemptions?
No exemptions, just a low income tax rate of 5%.
What forms do you file for your New Hampshire taxes?
New Hampshire C corporations: Form NH-1120 + NH1041 BPT tax
S corporations: Form NH DP-120 + NH1041 BPT tax
Partnerships: Form NH 1065 + NH1041 BPT tax
Individual (New Hampshire LLC members): Form DP-10
For information about nonprofits, see our New Hampshire Nonprofit Corporation page.
Estimated tax payments?
Form DP-10ES. New Hampshire follows the IRS standards for estimated payments. If you will owe $500 or more, personally in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won’t make as much in the current year.
New Hampshire Department of Revenue:
|New Hampshire Department of Revenue Administration
109 Pleasant St.
Concord , NH 03301
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