New Hampshire Self-Employment Tax Calculator

Calculate your self-employment tax, federal income tax, and New Hampshire state income tax as a freelancer or 1099 contractor. New Hampshire has no state income tax on wages and salaries.

Annual Tax Breakdown

1099 Income
$85,000
Business Expenses
-$10,000
Net Profit
$75,000
Net Earnings (92.35%)(SE tax base)
$69,263
Social Security (12.4%)
-$8,589
Medicare (2.9%+)
-$2,009
Total SE Tax
-$10,597
SE Deduction (50%)(reduces income tax)
$5,299
Federal Income Tax
-$6,794
State Income Tax
-$0
Total Tax Owed
$17,391

Summary

Total Income
$75,000
Total Taxes
-$17,391
After-Tax Income
$57,609
Effective Tax Rate(on total income)
23.2%

Quarterly Estimated Payments

Q1 (Jan-Mar)Due April 15
$4,348
Q2 (Apr-May)Due June 15
$4,348
Q3 (Jun-Aug)Due September 15
$4,348
Q4 (Sep-Dec)Due January 15 (next year)
$4,348
Each Quarterly Payment
$4,348

Tax Breakdown

See your complete freelancer financial picture

Your estimated quarterly tax payment is $4,348. Model your freelance income alongside expenses, savings, and investments in the full simulator.

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New Hampshire Tax Overview for Freelancers

New Hampshire has no state income tax on wages and salaries. It previously taxed interest and dividend income, but this was fully phased out. Self-employed individuals in New Hampshire pay federal self-employment tax (15.3%) plus federal income tax, and no state income tax — giving New Hampshire freelancers a significant advantage.

No state income taxNo state sales taxVery high property taxesClose to Boston job market

Self-Employment Taxes in New Hampshire

If you work as a freelancer or independent contractor in New Hampshire, your tax situation involves multiple layers: federal self-employment tax, federal income tax, and New Hampshire state income tax. Understanding how each component works helps you plan your quarterly estimated payments and maximize your deductions.

New Hampshire Income Tax for Freelancers

New Hampshire has no state income tax on wages and salaries. It previously taxed interest and dividend income, but this was fully phased out.

Cost of Living for Freelancers in New Hampshire

New Hampshire's cost of living is about 6% above the national average, driven primarily by high property taxes and housing costs. As a freelancer in New Hampshire, your effective earnings depend not just on your tax rate but also on what your after-tax income can buy. Consider local costs for housing, coworking spaces, and daily expenses when setting your rates.

Financial Tips for New Hampshire Freelancers

  • No state income tax on any income type gives New Hampshire workers a significant advantage
  • New Hampshire has no state sales tax either — one of the few states with neither
  • Property taxes in New Hampshire are among the highest in the nation — factor this into housing costs
  • New Hampshire's proximity to Boston allows access to high-paying jobs with no state income tax

Key New Hampshire Tax Features

  • No state income tax
  • No state sales tax
  • Very high property taxes
  • Close to Boston job market

Model Your New Hampshire Freelance Finances Over Time

This calculator shows your New Hampshire tax bill. Trajectoryy's full simulator models your freelance income alongside expenses, savings, investments, and more — month by month for years into the future.

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Frequently Asked Questions

How is self-employment tax calculated in New Hampshire?
New Hampshire has no state income tax, so self-employed workers in New Hampshire only pay federal self-employment tax (15.3% on 92.35% of net earnings) and federal income tax. This makes New Hampshire one of the most favorable states for freelancers and 1099 contractors.
How much will I owe in quarterly taxes as a freelancer in New Hampshire?
Your quarterly estimated tax payment in New Hampshire depends on your total tax liability — including SE tax, federal income tax, and no state income tax (since New Hampshire has none). Use the calculator above to estimate your quarterly payments. As a general rule, freelancers should set aside 25-35% of their net income for taxes.
What business deductions are available for New Hampshire freelancers?
Freelancers in New Hampshire can deduct the same federal business expenses as in any state: home office, equipment, software, health insurance, vehicle expenses, and more. Since New Hampshire has no state income tax, deductions only reduce your federal tax liability.
Does New Hampshire have any special taxes for self-employed workers?
No. New Hampshire has no state income tax and no additional self-employment taxes. You only need to worry about federal self-employment tax and federal income tax.
Should I form an LLC or S-Corp as a freelancer in New Hampshire?
The decision to form an LLC or S-Corp in New Hampshire depends on your income level. Generally, if your net self-employment income exceeds $50,000-$60,000, an S-Corp election may save you money by allowing you to pay yourself a reasonable salary (subject to FICA/Medicare) while taking the rest as distributions (not subject to SE tax). Consult a New Hampshire tax professional for advice specific to your situation.

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