Are pension benefits taxable in New Hampshire?

In New Hampshire, pension benefits are generally not subject to state income tax. The state does not impose a broad-based income tax on wages, salaries, or pension income. However, it is important to note that while pension income is not taxed at the state level, individuals may still be responsible for federal income taxes on their pension benefits. Additionally, New Hampshire does levy taxes on dividends and interest income, which may be relevant for retirees who have investment income apart from their pensions. Individuals are encouraged to be aware of any federal tax liabilities and to keep updated on potential changes in state tax regulations. For specific information regarding taxation and any possible exemptions or deductions that may apply, it is advisable to refer to the official New Hampshire Department of Revenue Administration website, where updated resources and guidelines are available.