I live in new hampshire do i have to submit a state return?

Forum|Forum|6 years ago
June 1, 2019
3 replies
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I have no interest or dividends to claim

TurboTax Deluxe Online

Best answer by DS30

No, if you have no interest, dividend or any other income from investments (passive income), you will not need to file a NH state income tax return. (So no NH state income tax return is required if you only have wage income.)

NH does not have a individual state income tax filing related to wage income earned in NH

DS30Answer

Employee

NH does not have a individual state income tax filing related to wage income earned in NH

fijese42

Even if you have some interest and dividend income, the minimum interest and dividend income needed to file is $2,400 for individuals, and $4,800 for married filing jointly. A quick look at federal Schedule B can tell you if filing the DP-10 may be necessary. The Turbotax program will also let you know.

While NH does not have standard personal income taxes, it does have a robust business tax system. So non-wage LLCs and self-employed may be subject to the NH Business Enterprise Tax (BET) and/or the Business Profits Tax with sufficient business revenue and/or profits, respectively. The more expensive Turbotax software offerings can help determine if these NH business tax forms need to filed.

Cal259

I’m a little confused on the interest. Is it any interest accrued through any financial institution? For example, interest through a credit union? What if your credit union is based in another state like DCU?

DawnC

Employee

Yes, it would include interest from a credit union - - it is allocated to your resident state, New Hampshire. Where the credit union is based does not matter.

New Hampshire does not tax individuals' earned income, so you are not required to file an individual New Hampshire tax return. The state only taxes interest and dividends at 5% on residents and fiduciaries whose gross interest and dividends income, from all sources, exceeds $2,400 annually ($4,800 for joint filers). @Cal259

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Cal259

Thank you. I went through the process but it is pulling in an amount from my credit union that is less than $2,400 and saying I owe the state $10. How is that possible?