New Hampshire (NH) – 2020

New Hampshire

Minimum WageNew HampshireFederal
Minimum Wage$7.25$7.25
Minimum Cash Wage (Tipped Employee)$3.2625$2.13
Maximum Tip Credit$3.9875$5.12
State Income TaxNew HampshireFederal
Wage WithholdingNone
Supplemental Wage / Bonus RateNone
Unemployment InsuranceNew HampshireFederal
Maximum 2020 Taxable Earnings (Unchanged from 2019)$14,000
Employee 2020 DeductionNone
Employer 2020 Tax Rates (Includes variable administrative contribution assessment, up to 0.2%. Excludes fund balance reduction and inverse rate surcharge, which are determined quarterly)0.1 – 7.0%
Standard New Employer Tax Rate Eff 1Qtr2020 (Includes 0.2% administrative contribution assessment & 1.5% fund balance reduction)1.20%
Voluntary Contribution PermittedNo

Federal (FED) – 2020

Minimum WageFederal
Maximum Tip Credit$5.12
Youth Minimum Wage$4.25
Minimum Wage$7.25
Minimum Cash Wage (Tipped Employee)$2.13
Medicare Rate1.45%
Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match)0.90%
Maximum Taxable EarningsNo Limit
Employee / Employer Tax Rate (Unchanged from 2019)6.20%
Maximum Taxable Earnings (Increased from $132,900 in 2019)$137,700
Normal Net Tax0.60%
Maximum Credit5.40%
Percent of Taxable Wages6.00%
Maximum Taxable Earnings$7,000
Health Savings AccountsFederal
Catch-up Contribution Limit (Employee / Employer) (Unchanged from 2019)$1,000
Family Contribution Limit (Employee / Employer) (Increased from $7,000 in 2019)$7,100
Self-Only Contribution Limit (Employee / Employer) (Increased from $3,500 in 2019)$3,550
Supplemental Wage / Bonus RatesFederal
Pay over $1 Million (Unchanged from 2019)37%
Flat Rate Withholding Method (Unchanged from 2019)22%

New Hampshire State Resources

Need a Tax Form?

You can download some of the most common tax related forms here.