-New Hampshire is one of only 4 states that has no Sales Tax.
-Due to its low taxes, New Hampshire is one of the best states for retirees.
The state of New Hampshire does not have individual income tax, Yay! One of only 8 states in the union with no income tax!
The State of New Hampshire is one of only two States that have an I&D (Interest and Dividend) Tax. The other one being Tennessee. This is probably due to it not having an individual income tax. The I&D Tax is 5.00% for residents whose total Interest and Dividend income is greater than $2,400.
The state of New Hampshire has two (2) different business taxes. The Business Profits Tax (BPT) and the Business Enterprise Tax (BET). This tax rate effects all businesses such as Corporations, S Corporations, and LLCs. However, both the BPT and BET are only assessed on businesses that have a minimum amount of gross receipts
There is no sales tax in New Hampshire – Yay!
Unemployment taxes usually consist of three factors. They are the wage base, range of rates, number of schedules. Below is an outline of the three:
New Hampshire has an average cost to opening an LLC. Here are some important facts: