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The New Hampshire Department of Revenue Administration (DRA) recently published a Technical Information Release (TIR 2025-001) informing taxpayers about the repeal of the interest and dividends tax effective January 1, 2025, and providing considerations for filing returns for the 2024 tax year.
What is the interest rate in New Hampshire?
New Hampshire mortgage and refinance rates today (APR) ProductInterest RateAPR 30-year fixed-rate 6.733% 6.739% 20-year fixed-rate 6.543% 6.548% 15-year fixed-rate 5.917% 5.927% 10-year fixed-rate 5.769% 5.777%5 more rows
What is the interest tax in New Hampshire?
The tax is assessed at 5% for tax periods ending prior to 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 The ID Tax is repealed for taxable periods beginning after December 31, 2024.
What is the NH interest and dividends tax form?
New Hampshire uses Form DP-10 for full or part-year residents. The DP-10 only has to be filed if the taxpayer received more than $2400 (single) or $4800 (joint) of interest and/or dividends. TaxAct supports this form in the New Hampshire program.
What is New Hampshire known for economically?
Reflecting a nationwide trend, New Hampshires industrial sector declined after World War II. Since 1950, its economy has diversified to include financial and professional services, real estate, education, transportation and high-tech, with manufacturing still higher than the national average.
Related Searches
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People also ask
What tax rate do you pay on interest?
Your interest income tax rate varies based on several factors, including your overall income level and filing status. Generally, interest income is taxed at your ordinary income tax rate, which ranges from 10% to 37% as of 2023.
Related links
New Hampshire Insurance Licensing Information Bulletin
We wish you well in preparing for your examination and remind you that by law you are required to continue your insurance education after becoming licensed.
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