SIMPLE. FAST. ACCURATE
Support Center > Knowledge base> Category: Montana
Category: Montana
33 Articles
Orange arrow Married Filing Separate Returns on the Same Form

2499 views
  Montana Filing Status Married, Filing Separate Returns on the Same Form If both you and your spouse have income, you can file your Montana tax returns separately, even if you filed your federal income tax return jointly. But, if you and your spouse file separately, you will each need to report yo...
Posted in: States, Montana

Orange arrow Montana Disabled Dependent Child Exemption

1924 views
  In addition to the dependent exemption, you are entitled to another exemption for a child who is disabled. If your child is disabled and you qualify for this additional exemption, place an “X” in the “Mark if Disabled” column in the same row you listed your disabled child. ...
Posted in: States, Montana

Orange arrow Montana Payment Options

2107 views
  You can pay the amount you owe by: ● Electronic funds withdrawal when e-filing your joint federal/state tax return. You can Schedule your withdrawal for a later date. ●E-check or credit/debit card-visit revenue.mt.gov and click on TransAction Portal (TAP) or Income Tax Express (ITE) e-payment se...
Posted in: States, Montana

Orange arrow Montana Check-Offs

1695 views
  Montana law provides you with the opportunity to contribute, via your income tax return, to the following programs. You can contribute any amount to any of these four programs. Your contribution will increase the amount you owe or reduce the amount of your refund. Nongame Wildlife Program. You...
Posted in: States, Montana

Orange arrow Montana Additions

1820 views
  You may need to add additional items of income to your federal adjusted gross income in order to arrive at your Montana adjusted gross income. Complete Form 2, Schedule I to determine the amount of additions to enter. Recovery of Federal Income Tax Deducted in 2019 If you received a federal income...
Posted in: States, Montana

Orange arrow Montana Deductions

1812 views
  Standard or Itemized Deductions You must choose between the standard deduction or itemized deductions. To figure which is more beneficial (generally the larger of the two) complete the Standard Deduction Worksheet and the Itemized Deductions Schedule. When you and your spouse file, you must both u...
Posted in: States, Montana

Orange arrow Montana Family Education Savings Account Deposits and Earnings

1790 views
  A person can establish a Family Education Savings Account (FESA), also known as a 529 plan, to reduce the cost of saving for college. To establish your Montana family education savings account or for additional information, call the Achieve Montana Program at (877) 486-9271 or visit https://achieve...
Posted in: States, Montana

Orange arrow Montana Elderly Homeowner/Renter Credit

1555 views
  The Montana elderly homeowner/renter credit is a property tax relief program that provides you with a refundable credit of up to $1,000 if you are age 62 or older, have resided in Montana for at least nine months during the year, occupied a Montana residence for at least six months during the year,...
Posted in: States, Montana

Orange arrow Montana Alternative Fuel Credit

1412 views
  Alternative Fuel Credit You can claim a credit against your income tax liability for the cost of converting your motor vehicle to operate on an alternative fuel. Your credit is equal to 50% of the cost to convert your motor vehicle for a maximum credit of up to $1,000. In order to qualify for thi...
Posted in: States, Montana

Orange arrow Montana College Contribution Credit

1767 views
  College Contribution Credit You can claim a credit against your income tax liability for contributions that you made in 2020 to a foundation or general endowment fund of the Montana university system, a Montana private college, a community college, or a tribal college. Your credit is equal to 10 pe...
Posted in: States, Montana

Orange arrow Montana Alternative Energy Systems Credit

1322 views
  Alternative Energy Systems Credit Nonfossil form of energy: If you are a resident of Montana, you can claim a credit against your income tax liability for the cost of purchasing and installing an energy system that uses a recognized nonfossil form of energy such as, but not limited to, solar energ...
Posted in: States, Montana

Orange arrow Montana Energy Conservation Installation Credit

1958 views
  Energy Conservation Installation Credit If you are a resident of Montana, you can claim a credit against your income tax liability for energy conservation investments that you made to your home or other buildings. Your credit is equal to 25% of your expenses for a maximum credit of up to $500 for ...
Posted in: States, Montana

Orange arrow Montana Partial Retirement Disability Income Exemption for Taxpayers Under Age 65

1974 views
  You can qualify for a partial retirement disability income exclusion of up to $5,200 if you are: ● under the age of 65 ● retired as permanent and totally disabled, and ● not treating your disability income as a pension and annuity. You are permanently and totally disabled if you are unable to e...
Posted in: States, Montana

Orange arrow Montana Child and Dependent Care Expense Deduction

2102 views
  If you pay for household or dependent care services for a child under the age of 15, or for a disabled dependent while you are searching for gainful employment, or while you and your spouse both were at work, you can qualify for a child and dependent care expense deduction. To qualify for this ded...
Posted in: States, Montana

Orange arrow Do I Qualify for the Montana Recycle Credit?

1735 views
  You can claim a credit against your income tax liability for the investment that your business makes in depreciable equipment or machinery that you use to collect, process or manufacture a product from reclaimed material. Your credit is equal to 25% of the first $250,000 invested in the property, 1...
Posted in: States, Montana


Page: 1 of 3