How is crypto taxed in New Hampshire?

New Hampshire crypto tax for most individuals is federal only. The state has no broad personal income tax, and from 2025 it no longer taxes interest and dividends either, so a resident selling or swapping crypto generally has nothing to report to the state. The IRS still treats crypto as property, as explained in how crypto is taxed in the US.

Does New Hampshire tax crypto?

Not for most individuals. The Tax Foundation's state index shows New Hampshire with no income tax on wages and no tax listed on capital gains. That means a gain from selling, swapping or spending crypto does not create a New Hampshire income tax bill.

Federal tax is unchanged. The IRS taxes gains when you dispose of crypto, and treats crypto from pay, mining or staking as ordinary income. Living in New Hampshire does not change your federal crypto tax forms.

Did the New Hampshire interest and dividends tax apply to crypto?

The Interest and Dividends Tax was the state's one tax on investment income for individuals. It covered interest and dividend income, including some distributions from S corporations, but not capital gains. The Department of Revenue Administration's pages did not address crypto rewards, so whether staking or crypto lending income fell under it was never spelled out.

That question now matters only for old years. The rate fell from 5% to 4% and then to 3% for periods ending on or after December 31, 2024. The tax is repealed for taxable periods beginning after December 31, 2024. Anyone who owed a 2024 return still had to file it, but no 2025 return or forms exist.

Do New Hampshire businesses pay tax on crypto?

They can. New Hampshire taxes businesses rather than individuals' wages. The Business Profits Tax is 7.5% for periods ending on or after December 31, 2023, and applies to business organizations with more than $103,000 in gross business income. The Business Enterprise Tax is 0.55% and applies above $281,000 in gross receipts or enterprise value tax base. Both thresholds are adjusted every two years. A company that mines, trades or accepts crypto would count that activity in its business income. Holding crypto through a company is covered in can you hold crypto in an LLC.

Is New Hampshire crypto friendly in other ways?

In May 2025, Governor Kelly Ayotte signed HB 302, letting the state treasurer put up to 5% of certain public funds into precious metals or digital assets with an average market value of at least $500 billion, which in practice means bitcoin. That is about how the state invests, not how residents are taxed. Other states are compared in do states tax crypto.

Rules differ by state and change often. Check the tax authority or a qualified professional for your own situation.