NH interest and dividends tax repealed as of Jan. 1 - NH Business Review

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NH interest and dividends tax repealed as of Jan. 1 - NH Business Review

Starting January 1, 2025, New Hampshire taxpayers are no longer subject to the New Hampshire Interest & Dividends Tax (I&D). The I&D tax was enacted in 1923 and assessed tax on interest and dividend income. Prior to its repeal, the tax rate was 5% for taxable periods ending before December 31, 2023, 4% for taxable periods ending on or after December 31, 2023, and 3% for taxable periods ending on or after December 31, 2024. The repeal of the I&D …