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Category: Montana
33 Articles
Orange arrow Married Filing Separate Returns on the Same Form

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  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...
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Orange arrow Montana Child and Dependent Care Expense Deduction

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  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...
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Orange arrow Montana Qualified Endowment Credit

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  Individuals. You are entitled to a credit against your tax liability equal to 40% of the present value of the charitable gift portion of a planned gift. Only the contributions you make in the form of a planned gift qualify for the credit. The maximum credit you may claim against your individual i...
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Orange arrow Montana Other Reductions

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  State Income Tax Refunds Income tax refunds received from Montana or another state are not taxable. If you are required to include your state income tax refund in your Federal Adjusted Gross Income on Form 2, Schedule 1, line 10, you can exclude that amount. Interest and Mutual Funds Dividends fro...
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Orange arrow Montana Elderly Homeowner/Renter Credit

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  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,...
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Orange arrow Montana Family Education Savings Account Deposits and Earnings

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  Family Education Savings Account Deposits and Earnings You can subtract the lesser of the contributions that you made during 2018 to one or more Montana Family Education Savings Accounts or $3,000. If you are married, both you and your spouse can exclude up to $3,000 for contributions that you ...
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Orange arrow Montana College Contribution Credit

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  College Contribution Credit You can claim a credit against your income tax liability for contributions that you made in 2018 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...
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Orange arrow Montana Check-Offs

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  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...
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Orange arrow Contractors Gross Receipts Tax Credit

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  Contractors Gross Receipts Tax Credit You can claim a credit against your income tax liability for the public contractor’s gross receipts tax that your business has paid, or has been withheld and remitted on your behalf, throughout the year. The amount of credit cannot exceed your tax liabi...
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Orange arrow I am a North Dakota resident earning wages in Montana. How do I file a Montana income tax return?

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  Montana has an income tax reciprocity agreement with the state of North Dakota which provides that a resident of one state may elect to be exempt from wage withholding and individual income tax on compensation received for work performed in the other state. If you are a resident of North Dakota, ...
Orange arrow Montana Credit for An Income Tax Paid to Another State or Country

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  You can use this credit only if you are filing as a full-year or part-year resident. If you are a full-year resident and you paid an income tax to another state or country on income that is also taxable to Montana, you may be entitled to a credit against your Montana income tax liability for these ...
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Orange arrow Montana Health Insurance for Uninsured Montanans Credit

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  Health Insurance for Uninsured Montanans Credit. You can claim a credit against your income tax liability if your business provides health insurance coverage for its employees. Your credit is a percentage of the premium payments that you made throughout the year for a maximum credit of up to $3,00...
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Orange arrow Montana Dependent Care Assistance Credit

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  If you are an employer in Montana, you can claim a credit against your income tax liability for the amount that you paid or incurred during the year to provide dependent care assistance to your employees. There are three programs that are available to you that qualify for this credit, including: ●...
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Orange arrow Montana Energy Conservation Installation Credit

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  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 Elderly Care Credit

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  You can claim a credit against your income tax liability for paying certain expenses in order to provide care to an elderly family member. Your credit cannot exceed $5,000 for one qualifying family member, or $10,000 for the care of two or more qualifying family members. In order to qualify for th...
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