Higher homological algebra was introduced by Iyama. It is also known as n-homological algebra where n >= 2 is a fixed integer, and it deals with n-cluster tilting subcategories of abelian categories. All short exact sequences in such a subcategory are split, but it has nice exact sequences with n+2 objects. This was recently formalized by Jasso in the theory of n-abelian categories. There is also a derived version of n-homological algebra, formalized by Geiss, Keller, and Oppermann in the theory of (n+2)-angulated categories (the reason for the shift from n to n+2 is that angulated categories have triangulated categories as the "base case"). We introduce torsion classes and t-structures into the theory of n-abelian and (n+2)-angulated categories, and prove several results to motivate the definitions. Most of the results concern the n-abelian and (n+2)-angulated categories M(A) and L(A) associated to an n-representation finite algebra A, as defined by Iyama and Oppermann. We characterize torsion classes in these categories in terms of closure under higher extensions, and give a bijection between torsion classes in M(A) and intermediate t-structures in L(A) which is a category one can reasonably view as the n-derived category of M(A). We hint at the link to n-homological tilting theory.