New Hampshire taxes no investment income from 2025
New Hampshire never taxed an individual’s capital gains; its Interest and Dividends Tax reached only interest and dividends, and that tax was repealed for taxable periods beginning on or after January 1, 2025. For 2026, a resident owes no New Hampshire income tax on a gain or on dividends.
Businesses are different. New Hampshire’s business profits and business enterprise taxes apply to business activity, and a sole proprietor or entity selling business assets can face them; that is a separate question from this individual worksheet. Federal capital gains tax and NIIT apply normally.
New Hampshire’s repeal date resolves outdated tax figures
New Hampshire’s Department of Revenue announced repeal of the Interest and Dividends Tax under RSA 77 for taxable periods beginning on or after January 1, 2025. A page still applying an older interest-and-dividend percentage to a 2026 individual scenario is using the wrong period. Keep an older return separate if the question concerns a year before repeal.
The agency’s tax guidance addresses the repealed personal investment-income program. It does not say that all businesses or transactions in New Hampshire are free of every tax. A business-profit or entity-level question requires the rules governing that taxpayer and activity rather than this individual ordinary-sale worksheet.
For a confirmed current resident individual scenario, select the no-income-tax mode for New Hampshire. The federal tax still depends on sale gain, holding period, other preferential income and NIIT. Keep records establishing the taxable period and the identity of the seller. If a property or business in another jurisdiction produced the gain, prepare that jurisdiction’s liability separately before drawing a relocation conclusion.
New Hampshire preparation checklist
- Taxable period begins after repeal
- Individual scenario distinguished from business activity
- Other-state source-income review