Montana Income Tax Forms Rates & Services

Montana taxes are based on all income, except that which is statutorily exempted from taxation. Part-year residents and nonresidents are taxed on all Montana generated income. Additionally, part-year residents are taxed on all non-Montana income generated during time in which they resided in Montana.

An individual may be eligible for Elderly Care Credit when they are paying certain expenses of an elderly family member who is 65 or older, or has been determined disabled for Social Security purposes. The credit is limited to:

• $5,000 for a single family member
• $5,000 for a joint return
• $2,500 per person filing a married separate return
• Combined total credit of two or more family members cannot exceed $10,000.

Individuals may qualify for the elderly homeowner/renter credit by owning or renting a home. The amount of relief is calculated on the amount of property tax billed to the residence, or the rent-equivalent tax paid.  Residents are eligible if an individual has:

• Reached age 62 or older during the claim period for which relief is sought.
• Resided in Montana for at least 9 months of the period.
• Occupied one or more dwellings in Montana as an owner, renter, or lessee for at least 6 months of the claim period.
• Less then $45,000 of gross household income.

Other Helpful Links:
Montana Department of Revenue: http://mt.gov/revenue/default.asp
Montana Income Tax Frequently Asked Questions: http://mt.gov/revenue/FAQS.ASP
Montana Tax Forms: http://mt.gov/revenue/formsandresources/forms.asp
Internal Revenue Service: http://www.irs.gov/