New Hampshire Paycheck Calculator
Calculate your take-home pay per paycheck for salary and hourly jobs after federal & New Hampshire taxes
Updated for 2024 tax year on Jul 06, 2024
Calculate your paycheck in these states
How to calculate your New Hampshire paycheck
Table of Contents
Overview of New Hampshire
New Hampshire has a population of over 1 million (2019). It is also known as the Granite State for its extensive granite formations and quarries.
Brief summary:
- income tax applies to income from interest and dividends only
- if you earn a regular wage, there is no income tax
- no state-level payroll tax
- no standard deductions
- can claim state exemptions
Understanding your New Hampshire paycheck
The enchanting state of New Hampshire may captivate you with its stunning landscapes, but have you ever considered the fascinating elements that make up your paycheck in the Granite State?
Every time you get paid, a portion of your earnings go towards federal income taxes and FICA (Federal Insurance Contributions Act) taxes. If your income surpasses $200,000, you’ll be subject to an additional 0.9% Medicare tax.
The financial journey continues as you complete your Form W-4, influencing how much federal income tax is withheld from your paycheck. The pay frequency you choose – weekly, biweekly, or monthly – also shapes your take-home pay.
Your marital status and various pre-tax deductions (401(k), HSA, etc), weave another layer of complexity into your paycheck. These deductions reduce your taxable income, potentially lowering your tax liability and leaving you with more money.
The state income tax situation in New Hampshire is as unique as its breathtaking scenery. The state levies income tax solely on interest and dividends, allowing residents to keep more of their hard-earned dollars. However, New Hampshire does offer personal exemptions, further contributing to the intricate tapestry of your paycheck.
Finally, the last piece of the puzzle is post-tax deductions. These may include garnishments, health insurance premiums, or charitable contributions, which are taken out after calculating taxes. Understanding these deductions helps you better appreciate the complexity and artistry of your New Hampshire paycheck.
Calculate your New Hampshire paycheck
Calculating your New Hampshire state income tax is different from the steps we listed on our main paycheck calculator page:
- Determine your gross income
- Annual salary
Annual salary = Gross income - Hourly wage
Hourly wage × Hours worked per day × Days worked per week × Weeks worked per year = Your weekly paycheck
- Annual salary
- Work out your total federal income tax
- Gross income adjusted
Gross income − Pre-tax deductions = Gross income adjusted - Federal taxable income
Gross income adjusted − Federal standard/itemized deductions = Federal taxable income - Federal income tax liability
Federal taxable income × Federal income tax rate = Federal income tax liability - Federal payroll tax liability
Gross income × Federal payroll tax rate = Federal payroll tax liability
- Gross income adjusted
- Figure out your net pay
You need to account for any other deductions such as health insurance, 401(k) contribution, as well as additional withholdings.
Gross income − (Total income tax liability + Total payroll tax liability + Total pre-tax deductions + Total post-tax deductions + Total withholdings) = Your net pay - Divide your net pay by your pay frequency
- Daily
Your net pay / Days worked per week / Weeks worked per year = Your daily paycheck - Weekly
Your net pay / 52 = Your weekly paycheck - Bi-weekly
Your net pay / 26 = Your bi-weekly paycheck - Semi-monthly
Your net pay / 24 = Your semi-monthly paycheck - Monthly
Your net pay / 12 = Your monthly paycheck - Quarterly
Your net pay / 4 = Your quarterly paycheck - Semi-annual
Your net pay / 2 = Your semi-annual paycheck - Annual
Your net pay = Your annual paycheck
- Daily
State income tax brackets
New Hampshire does tax income from interest and dividends, however. The Interest and Dividends Tax is a flat rate of 5%. The standard exemption for that tax is $2,400 for Single and $4,800 for married persons filing jointly, so taxpayers with income from interest and dividends below that amount do not have to pay any taxes. Additional exemptions of $1,200 are available to residents who are either 65 years or older, blind or disabled, and unable to work.
Taxpayers with income from interest and dividends above their total exemption will pay taxes only on the amount that exceeds the exemption. For example, a single filer earns $6,000 in interest annually. They would pay $180 because the 5% tax only applies to the $3,600 above their exemption.
State exemptions
There are state-level exemptions for all types of filers.
| Tax year | Filing status | Personal exemption amount |
|---|---|---|
| 2024 2023 2022 2021 2020 |
Single Married, Filing Separately Head of Household |
$2,400 |
| Married, Filing Jointly or Widow(er) | $4,800 |
FAQs
How to calculate take home pay in New Hampshire?
Follow the procedures given below to calculate your take-home pay:
- Determine your gross income
- Work out your total federal income tax
- Gross income minus taxes, deductions and withholdings
- Divide your net pay by your pay frequency
How much will New Hampshire tax paychecks in 2024?
New Hampshire will not impose a state income tax on wages, no state tax will be deducted from your paycheck.
How much is taken out of my paycheck in New Hampshire?
Only federal-level taxes will be taken out of your paycheck in New Hampshire. Namely federal income tax, Social Security and Medicare. Depending on your employer's benefits package, other deductions may include health insurance, retirement contributions, and other optional benefits.
What percentage of my paycheck goes to taxes in New Hampshire?
The taxes on your paycheck include
- federal income tax (10% to 37%)
- Social Security (6.2%)
- Medicare (1.45% to 2.35%)