new hampshire paycheck calculator
Looking to figure out your take-home pay in New Hampshire? You're in the right place. Our free calculator helps New Hampshire residents understand exactly what they'll earn after taxes. New Hampshire is one of the few states with no state income tax, which means more money stays in your pocket.
About the new hampshire paycheck calculator
New Hampshire offers a rare double tax advantage - no state income tax on wages and no sales tax. Your paycheck shows only federal withholding and FICA. The trade-off? Property taxes rank among America's highest, often exceeding $6,000-8,000 annually even for modest homes. Southeastern New Hampshire benefits enormously from Boston metro spillover - technology companies and financial services provide employment while workers avoid Massachusetts' 5% income tax. Manchester and Nashua host their own economies while drawing Boston commuters. The no-income-tax advantage proves especially valuable for higher earners who would otherwise face substantial obligations, though property taxes and elevated housing costs require solid incomes.
Tax Information
New Hampshire charges no state income tax on wages. Federal income tax (10-37% progressive) represents your primary withholding. Social Security takes 6.2% of wages up to $168,600. Medicare requires 1.45% of all income, with high earners paying an additional 0.9% above $200,000.
Understanding Your New Hampshire Paycheck
When you get paid in New Hampshire, several deductions come out before you see your take-home pay. Our tool breaks down all these deductions clearly. Here's what it calculates:
- Federal Income Tax: This depends on your income and filing status, following the IRS tax brackets that apply nationwide
- State Income Tax: New Hampshire doesn't charge state income tax
- Social Security Tax: 6.2% of your gross wages (capped at the annual wage base)
- Medicare Tax: 1.45% of all gross wages
- Additional Medicare Tax: 0.9% on earnings above $200,000 for single filers
How to Use This Calculator
It's pretty straightforward. Just follow these steps:
- Enter your gross pay (what you earn before any deductions)
- Pick how often you get paid - weekly, bi-weekly, semi-monthly, monthly, or annually
- Select New Hampshire as your state
- Choose your filing status (single, married, etc.)
- Hit calculate and see your results
You'll see a detailed breakdown showing exactly where your money goes. Get instant, accurate results with our free tool.
How New Hampshire Compares
Tax Comparison
New Hampshire is one of the lucky states with no income tax. That's a big deal - you keep more of what you earn compared to states like California (up to 13.3%) or New York (up to 8.82%). But remember, New Hampshire still needs revenue, so you might see higher property taxes or sales taxes to compensate.
| State | Income Tax Rate | Comparison |
|---|---|---|
| New Hampshire | No state income tax | Your State |
| Wyoming | No state income tax | No income tax |
| South Dakota | No state income tax | No income tax |
| Nevada | No state income tax | No income tax |
| Tennessee | No state income tax | No income tax |
| Washington | No state income tax | No income tax |
What Makes New Hampshire Different?
Not having state income tax is New Hampshire's biggest advantage for workers. Your paycheck goes further here than in high-tax states. This can make a real difference, especially for higher earners who would otherwise pay thousands in state taxes elsewhere.
Why Use Our New Hampshire Paycheck Calculator?
- Accurate for New Hampshire: Uses current tax rates specific to your state
- Easy to understand: No confusing jargon or complicated forms
- Detailed breakdown: See exactly how much goes to each tax
- Free to use: No signup required, no hidden fees
- Updated regularly: We keep up with tax law changes so you don't have to
Living and Working in New Hampshire
Economic Overview
Job Market
New Hampshire's economy balances technology, healthcare, financial services, and tourism. Southern regions benefit from Boston metro spillover - technology companies and financial services provide employment while workers avoid Massachusetts income tax. Healthcare systems hire extensively statewide. Tourism supports ski areas, lakes region, and seacoast employment. Many residents commute to Massachusetts for higher salaries while enjoying New Hampshire's tax advantages. An $85,000 position in Manchester or Nashua provides moderate lifestyle given property taxes and housing costs.
Cost of Living
New Hampshire costs run high despite tax advantages. Property taxes rank among America's highest - often exceeding $6,000-8,000 annually even for modest homes, funding schools and services without income tax revenue. Housing prices substantial, particularly southeastern areas near Boston and around Portsmouth. Manchester and Nashua offer slightly better value. Northern and western regions provide affordability but limited employment. The tax advantages benefit higher earners significantly, though property taxes and housing costs still require substantial incomes for comfortable living.
Frequently Asked Questions
How accurate is this calculator?
Our calculator is very accurate for most people. We use the current federal and New Hampshire state tax rates. However, everyone's situation is unique - things like additional withholdings, pre-tax deductions (401k, health insurance), or local taxes can affect your actual paycheck. Think of this as a solid estimate rather than an exact figure.
Why is my actual paycheck different?
A few reasons. Your employer might withhold extra for benefits, retirement contributions, or you might have requested additional withholding. Some New Hampshire localities also have their own taxes. Check your pay stub for the full breakdown.
Should I adjust my withholding?
That depends. If you're getting a huge refund every year, you're basically giving the government an interest-free loan. If you owe a lot at tax time, you might want to withhold more. The sweet spot is owing or getting back a small amount. Use this calculator to see if your current withholding makes sense.
Does no state income tax mean I pay less overall?
Not necessarily. New Hampshire funds its government through other means - often higher property taxes, sales taxes, or other fees. You might save on income tax but pay more elsewhere. Still, for many people, especially high earners, the lack of income tax is a significant benefit.