CONCORD – In an initiative expected to raise more than $5 million in critical revenue for the New Hampshire General and Education Trust Funds, the state Department of Revenue Administration is launching a one-time Tax Amnesty Program providing taxpayers the opportunity to pay any outstanding taxes without penalty and with 50 percent of accrued interest.

The program will be in effect from now through to Feb. 15, 2026.

“This Tax Amnesty Program provides the public and businesses with an opportunity to address outstanding taxes, while paying significantly less than they might otherwise pay,” said DRA Commissioner Lindsey Stepp. “Along with potentially saving taxpayers millions of dollars, this program provides the state with the chance to generate much needed, one-time revenue, as we expect our Tax Amnesty Program to deliver more than $5 million to the New Hampshire General and Education Trust Funds, which supports a range of essential programs and services.”

Amnesty is available to any taxpayer who has a delinquent tax return or has not paid a tax that was due on or before June 30. This applies to anyone with an outstanding tax notice, including those who are currently in the appeal process.

To take advantage of the Tax Amnesty Program, taxpayers must file any required outstanding tax returns and pay all unpaid taxes and 50 percent of applicable interest by Feb. 15, 2026. An online interest calculator is available on the DRA website at https://www.revenue.nh.gov/tax-amnesty-program.

As an example of the program’s benefits, if a taxpayer failed to pay a $1,000 Interest and Dividends Tax due in April 2023, that taxpayer currently owes the DRA a total of $1,585.95, between the original bill and penalties and interest. Utilizing the Tax Amnesty Program, that taxpayer would pay $1,117.97, saving a total of $467.98.

In another scenario, if a taxpayer owes $1,600 in business taxes due on April 15, 2024, that taxpayer currently owes the DRA a total of $2,537.07, after penalties and interest. Under the Tax Amnesty Program, the taxpayer would pay $1,788.54, saving a total of $748.53.

The program comes on the heels of the repeal of New Hampshire’s Interest and Dividends Tax. While the repeal took effect Jan. 1, taxable periods beginning on or before Dec. 31, 2024, remain subject to audit and collection by the DRA per applicable law and rules.

“Although the Interest and Dividends Tax was repealed, some taxpayers still have obligations from previous tax years,” Stepp said. “We expect the Tax Amnesty Program to help us and our taxpayers close the books on this tax.”

As of June 30, 7,406 accounts are in collection status totaling $83.2 million in outstanding taxes. The average outstanding tax notice amounts to $11,234. Business taxes account for the largest portion with 5,292 accounts totaling $61.7 million in overdue taxes. That is followed by Meals and Rooms taxes with 924 accounts totaling more than $14.6 million outstanding.

About 80 percent of New Hampshire’s General and Education Trust Funds taxes are collected by the DRA and are used to fund critical programs and services, including education, health and social services, administration of justice and public protection as well as resource protection and development.

The program is open to all residents and businesses, including those who have not previously filed a return or paid taxes. For more information, visit https://www.revenue.nh.gov/tax-amnesty-program or call the DRA’s Taxpayer Services Call Center at 603-230-5920.