IF you, like I, are one of the ‘chosen’ that have to pay this tax it is rather easy to calculate. 5% of ALL interest and dividends declared on your IRS 1040 after a $4,800 exemptions for marrieds or $2,400 for singles. There are other exceptions too if you are disabled, blind etc.
But the quickest and easiest way to do is to use the FREE New Hampshire e-file option available from the N.H. State, i.e., nh.gov, Website. Go to RESIDENTS >> >> TAXES >> >> INTEREST & DIVIDENDS TAX. Click on ‘tax’ and look for the e-file logo (as shown here).
Just bang in your social, give them your e-mail, create a 4-digit PIN and Bob is your uncle. You are ready to rock and rumble. Very easy to use. Does the calculations for you and it is e-file. One-stop shopping. I have successfully used NH e-file for years. On Tuesday I breezed through with my 2015 filing in less than 3 minutes. Start to finish. Done. Getting a refund!
So go for it. Don’t even THINK of anything else. SMILE.
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