New Hampshire Small Business Tax Guide — 2026
Income Tax Rate
No state income tax (interest & dividends tax fully phased out in 2025)
Sales Tax Rate
No sales tax
Filing Deadline
No state income tax return required for earned income
New Hampshire Income Tax
New Hampshire does not impose a state income tax. This means self-employed individuals only pay federal income tax and federal self-employment tax (15.3%) on their business earnings — no state income tax return is required.
Self-Employment in New Hampshire
New Hampshire has no state income tax on earned income. The Interest & Dividends Tax was fully phased out in 2025. Self-employed individuals only pay federal taxes on business income.
Estimated Tax Requirements
No state estimated tax payments required for earned income. Federal estimated payments still apply.
New HampshireDeductions & Credits
- No state income tax means no state deductions needed
- New Hampshire has no sales tax — savings on business purchases
- Business Enterprise Tax (BET) and Business Profits Tax (BPT) apply to businesses with gross receipts over $50,000
Business Filing Fees
LLC: $100 formation + $100 annual report. Corporation: $100 formation + $100 annual report.
Key Facts About New Hampshire Taxes
- New Hampshire has no income tax on earned income and no sales tax
- The Interest & Dividends Tax was fully phased out in 2025
- Business Profits Tax (7.5%) and Business Enterprise Tax (0.55%) apply to businesses with $50K+ gross receipts
- One of the most tax-friendly states for individuals, but businesses may face BPT/BET
Track Your New Hampshire Business Expenses
TaxTidy helps New Hampshire freelancers and self-employed individuals track every business expense with AI-powered receipt scanning. Snap a photo of any receipt and TaxTidy instantly extracts the vendor, amount, and tax category — then maps it to the correct IRS Schedule C line. At tax time, generate an audit-ready PDF report with all your deductions organized and totaled.
Frequently Asked Questions
Does New Hampshire tax self-employment income?
New Hampshire has no income tax on earned income (wages, self-employment). However, businesses with gross receipts over $50,000 may owe the Business Profits Tax (7.5%) and Business Enterprise Tax (0.55%).
Does New Hampshire have sales tax?
No. New Hampshire has no sales tax, making it attractive for business purchases. Combined with no income tax on earnings, it's one of the most tax-friendly states.
What is New Hampshire's Business Profits Tax?
The BPT is a 7.5% tax on business net income for businesses with gross receipts over $50,000. This is separate from the personal income tax (which doesn't exist in NH).
Official source: New Hampshire Department of Revenue
TaxTidy provides expense organization tools based on the most current US tax law available to it. TaxTidy is not a CPA, Enrolled Agent, or licensed tax professional. All categorizations, deductions, and tax calculations are estimates. Please verify all data for accuracy and consult a certified tax professional before filing.
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