{"id":135615,"date":"2024-12-22T07:41:28","date_gmt":"2024-12-22T07:41:28","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/does-new-hampshire-have-an-inheritance-tax\/"},"modified":"2024-12-22T07:41:28","modified_gmt":"2024-12-22T07:41:28","slug":"does-new-hampshire-have-an-inheritance-tax","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/does-new-hampshire-have-an-inheritance-tax\/","title":{"rendered":"Does New Hampshire have an inheritance tax?"},"content":{"rendered":"<p>New Hampshire is one of the few states in the United States that does not have an inheritance tax. This means that beneficiaries who receive assets from a deceased individual in New Hampshire do not have to pay any state tax on their inheritance.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/does-new-hampshire-have-an-inheritance-tax\/#1_What_is_an_inheritance_tax\" title=\"1. What is an inheritance tax?\">1. What is an inheritance tax?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/does-new-hampshire-have-an-inheritance-tax\/#2_How_is_an_inheritance_tax_different_from_an_estate_tax\" title=\"2. How is an inheritance tax different from an estate tax?\">2. How is an inheritance tax different from an estate tax?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/does-new-hampshire-have-an-inheritance-tax\/#3_Are_there_any_federal_inheritance_taxes_in_the_United_States\" title=\"3. Are there any federal inheritance taxes in the United States?\">3. Are there any federal inheritance taxes in the United States?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/does-new-hampshire-have-an-inheritance-tax\/#4_Are_there_any_exceptions_to_New_Hampshires_lack_of_an_inheritance_tax\" title=\"4. Are there any exceptions to New Hampshire&#8217;s lack of an inheritance tax?\">4. Are there any exceptions to New Hampshire&#8217;s lack of an inheritance tax?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/does-new-hampshire-have-an-inheritance-tax\/#5_Are_there_any_circumstances_where_beneficiaries_may_still_owe_taxes_on_their_inheritance_in_New_Hampshire\" title=\"5. Are there any circumstances where beneficiaries may still owe taxes on their inheritance in New Hampshire?\">5. Are there any circumstances where beneficiaries may still owe taxes on their inheritance in New Hampshire?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/does-new-hampshire-have-an-inheritance-tax\/#6_What_is_the_current_federal_estate_tax_exemption\" title=\"6. What is the current federal estate tax exemption?\">6. What is the current federal estate tax exemption?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/does-new-hampshire-have-an-inheritance-tax\/#7_Are_there_any_ways_to_minimize_or_avoid_inheritance_taxes_in_other_states\" title=\"7. Are there any ways to minimize or avoid inheritance taxes in other states?\">7. Are there any ways to minimize or avoid inheritance taxes in other states?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/does-new-hampshire-have-an-inheritance-tax\/#8_How_do_beneficiaries_report_their_inheritance_for_tax_purposes_in_New_Hampshire\" title=\"8. How do beneficiaries report their inheritance for tax purposes in New Hampshire?\">8. How do beneficiaries report their inheritance for tax purposes in New Hampshire?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/does-new-hampshire-have-an-inheritance-tax\/#9_Are_there_any_other_taxes_that_beneficiaries_may_have_to_pay_on_their_inheritance_in_New_Hampshire\" title=\"9. Are there any other taxes that beneficiaries may have to pay on their inheritance in New Hampshire?\">9. Are there any other taxes that beneficiaries may have to pay on their inheritance in New Hampshire?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/does-new-hampshire-have-an-inheritance-tax\/#10_Can_beneficiaries_in_New_Hampshire_inherit_property_from_out-of-state_estates_tax-free\" title=\"10. Can beneficiaries in New Hampshire inherit property from out-of-state estates tax-free?\">10. Can beneficiaries in New Hampshire inherit property from out-of-state estates tax-free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/does-new-hampshire-have-an-inheritance-tax\/#11_What_happens_if_a_beneficiary_in_New_Hampshire_receives_assets_from_an_estate_in_a_state_with_an_inheritance_tax\" title=\"11. What happens if a beneficiary in New Hampshire receives assets from an estate in a state with an inheritance tax?\">11. What happens if a beneficiary in New Hampshire receives assets from an estate in a state with an inheritance tax?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/does-new-hampshire-have-an-inheritance-tax\/#12_Are_there_any_proposed_changes_to_New_Hampshires_tax_laws_that_could_introduce_an_inheritance_tax_in_the_future\" title=\"12. Are there any proposed changes to New Hampshire&#8217;s tax laws that could introduce an inheritance tax in the future?\">12. Are there any proposed changes to New Hampshire&#8217;s tax laws that could introduce an inheritance tax in the future?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"1_What_is_an_inheritance_tax\"><\/span>1. What is an inheritance tax?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn inheritance tax is a state tax that is imposed on the beneficiaries who inherit assets from a deceased individual.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_How_is_an_inheritance_tax_different_from_an_estate_tax\"><\/span>2. How is an inheritance tax different from an estate tax?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn inheritance tax is paid by the beneficiaries who receive the assets, while an estate tax is paid by the estate of the deceased individual before the assets are distributed to the beneficiaries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Are_there_any_federal_inheritance_taxes_in_the_United_States\"><\/span>3. Are there any federal inheritance taxes in the United States?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, currently, there are no federal inheritance taxes in the United States.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Are_there_any_exceptions_to_New_Hampshires_lack_of_an_inheritance_tax\"><\/span>4. Are there any exceptions to New Hampshire&#8217;s lack of an inheritance tax?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThere are no exceptions to New Hampshire&#8217;s lack of an inheritance tax. Beneficiaries do not have to pay any state tax on their inheritance regardless of the amount they inherit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Are_there_any_circumstances_where_beneficiaries_may_still_owe_taxes_on_their_inheritance_in_New_Hampshire\"><\/span>5. Are there any circumstances where beneficiaries may still owe taxes on their inheritance in New Hampshire?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile New Hampshire does not have an inheritance tax, beneficiaries may still owe federal estate taxes if the estate is large enough to exceed the federal estate tax exemption.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_What_is_the_current_federal_estate_tax_exemption\"><\/span>6. What is the current federal estate tax exemption?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe current federal estate tax exemption is $11.7 million per individual for the year 2021.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Are_there_any_ways_to_minimize_or_avoid_inheritance_taxes_in_other_states\"><\/span>7. Are there any ways to minimize or avoid inheritance taxes in other states?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThere are ways to minimize or avoid inheritance taxes in other states, such as utilizing trusts, gifting assets before death, and taking advantage of the annual gift tax exclusion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_How_do_beneficiaries_report_their_inheritance_for_tax_purposes_in_New_Hampshire\"><\/span>8. How do beneficiaries report their inheritance for tax purposes in New Hampshire?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nBeneficiaries do not have to report their inheritance for tax purposes in New Hampshire since there is no inheritance tax in the state.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Are_there_any_other_taxes_that_beneficiaries_may_have_to_pay_on_their_inheritance_in_New_Hampshire\"><\/span>9. Are there any other taxes that beneficiaries may have to pay on their inheritance in New Hampshire?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nBeneficiaries may have to pay income tax on any income generated from the inherited assets, but they do not have to pay any state inheritance tax.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Can_beneficiaries_in_New_Hampshire_inherit_property_from_out-of-state_estates_tax-free\"><\/span>10. Can beneficiaries in New Hampshire inherit property from out-of-state estates tax-free?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nBeneficiaries in New Hampshire can inherit property from out-of-state estates tax-free, as long as the state where the property is located does not have an inheritance tax.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_What_happens_if_a_beneficiary_in_New_Hampshire_receives_assets_from_an_estate_in_a_state_with_an_inheritance_tax\"><\/span>11. What happens if a beneficiary in New Hampshire receives assets from an estate in a state with an inheritance tax?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf a beneficiary in New Hampshire receives assets from an estate in a state with an inheritance tax, they may be required to pay inheritance tax to that state.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Are_there_any_proposed_changes_to_New_Hampshires_tax_laws_that_could_introduce_an_inheritance_tax_in_the_future\"><\/span>12. Are there any proposed changes to New Hampshire&#8217;s tax laws that could introduce an inheritance tax in the future?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThere are no proposed changes to New Hampshire&#8217;s tax laws that could introduce an inheritance tax in the future. New Hampshire has historically been opposed to implementing an inheritance tax.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Hampshire is one of the few states in the United States that does not have an inheritance tax. This means that beneficiaries who receive assets from a deceased individual in New Hampshire do not have to pay any state tax on their inheritance. 1. What is an inheritance tax? An inheritance tax is a &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Does New Hampshire have an inheritance tax?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/does-new-hampshire-have-an-inheritance-tax\/#more-135615\">Read more<span class=\"screen-reader-text\">Does New Hampshire have an inheritance tax?<\/span><\/a><\/p>\n","protected":false},"author":31,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-135615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Does New Hampshire have an inheritance tax?<\/title>\n<meta name=\"description\" content=\"New Hampshire is one of the few states in the United States that does not have an inheritance tax. 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