respectively; Maine and the Atlantic Ocean to the east; and Quebec (Canada) to the north. The state is roughly 70 miles wide from east to west and extends approximately 190 miles from north to south. With a total land area of 8,969 square miles, New Hampshire also encompasses 382 square...
Investors in states with low or no state income tax could benefit from out-of-state munis Source: Tax Foundation as of 2/20/2024. New Hampshire taxes 3% on interest and dividends only. Washington taxes 7.0% on capital gains income only. Assumes the top tax rate for a married-filing-joint...
Two additional states charge a flat tax on certain income. New Hampshire has a flat tax on interest and dividends only, while Washington's flat tax only applies to capital gains income of high earners.3 However, most states haveprogressive taxbrackets like the federal government, with tax rates...
Nine states have no state income tax. These include Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. New Hampshire levies a tax on interest and dividends. Washington taxes some long-term capital gains. Employees may also have to pay income tax t...
Another two states (New Hampshire and Tennessee) do not charge any income taxes on earned income (wage/salary income), but do charge income taxes on investment income such as rental income, dividends, and interest. States with Population Growth According to Census Bureau data from mid-2022 ...
Of course, what counts as “income” depends on the state. In New Hampshire, for example, regular income is generally not subject to state tax, but a flat tax rate applies to dividends and interest income. And some states apply their tax rates to taxable income, while others use adjusted...
New Hampshire does not have an earned income tax, but it does tax interest and dividend income. Beyond the rates: While theabsence of state income taxcan be appealing, it is important to consider the overall tax burden, as states may have higher property or sales taxes to offset the lack...
plus potential interest and penalties. Thus, employers who decide not to withhold on the full amount of an employee's salary should havewell-craftedpolicies that explicitly lay out the terms of the employer's requirement that the employee work from home permanently or for a set amount of time...
But refusing to pay part of the water bill is a strategic strike at the revenue stream that the company has capitalized so as to pay out huge dividends to its shareholders. The BBC reported that the company admitted 6,971 illegal spills from 17 sites in Hampshire, Kent and West Sussex ...
Fortunately, most states provide a credit to help offset taxes paid to another state. Unfortunately, not all do so, or the state may not extend that credit to investment income. Residents of New York who work elsewhere, for example, may find their interest and dividends taxed by two differen...