New Hampshire Tax Changes 2026: I&D Tax Repealed | HelloBooks The Interest and Dividends Tax no longer applies from 2025. What is still due for 2024 and earlier, and why 2025 estimates should not be paid.
For most New Hampshire clients the only personal state return they ever filed was the I&D return. That return does not exist for 2025, but the old years are still open.
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I&D Tax applies to
Periods before 2025
Applies: Tax periods beginning after December 31, 2024From IRS.gov · checked October 10, 2026
The Department of Revenue Administration says the tax is repealed for taxable periods beginning after December 31, 2024, earlier than the original phase-out schedule. The last rate, for periods ending on or after December 31, 2024, was 3%.
A 2024 I&D return, or any earlier year’s return that has not been filed, is still required. Periods that started on or before December 31, 2024 also stay open to audit and collection, so keep the workpapers.
Do not send 2025 estimated I&D payments. A client who paid them in error has to ask the department for a refund in writing.
General information for tax professionals, not advice on a specific return. Figures are from IRS.gov on the date shown; check the current IRS instructions before filing.
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