New Hampshire Estate Taxes

New Hampshire's estate tax is a "pick-up" tax equal to the state death tax credit under federal estate tax law. Since this credit has been repealed for the period from 2005 through 2010, there are currently no estate taxes imposed by the state.

The New Hampshire Legacy and Succession Tax was repealed, effective for deaths occurring on or after January 1, 2003. No other estate or inheritance taxes are imposed by New Hampshire.

Deductions. The following items can be deducted when calculating New Hampshire estate tax liability:

• decedent's debts and claims against the estate
• funeral expenses
• last illness expenses
• administration expenses
• losses incurred during settlement of the estate not compensated by insurance or otherwise
• federal estate taxes
• transfers for public, charitable, and religious uses
• attorneys' fees
• mortgages
• inheritance taxes paid to other states

Returns. The executor or administrator of the estate must generally file a New Hampshire estate tax return and pay any taxes owed to the Department of Revenue Administration within nine months of the decedent's death.

Generation-skipping transfer tax. New Hampshire does not impose this type of tax.