Montana residents who are eligible to receive a one-time tax rebate but have not collected a payment yet should receive up to $2,500 by the end of December.
The Treasure State has the individual income tax rebate, which provides a tax rebate for an eligible person’s 2021 income taxes. The rebates were distributed beginning as early as July and will end on Dec. 31.
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To qualify for the rebate, recipients must be a resident of Montana for the entire 2021 tax year, have filed a 2020 Montana resident or part-year resident tax return by the due date, have filed a 2021 Montana tax return by the due date, have not been claimed as a dependent on another taxpayer’s 2021 form, and must not have a Montana tax liability after any nonrefundable credits greater than $0.
Residents did not need to file an application or do anything to claim the rebate, according to the Montana Department of Revenue. The department automatically sends a rebate if a person qualifies.
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The rebate amount would be the amount of the Montana tax liability on line 20 of the tax return, or a maximum of $1,250 for single filers and $2,500 for married persons filing jointly.
Montana also offers a property tax rebate that includes property taxes paid in November of that year (first half) and May of the next year (second half). For example, the 2022 property tax rebate included taxes paid in November 2022 as the first half and May 2023 as the second. Applications for the 2022 property tax rebate opened on Aug. 15 and closed on Oct. 1. The 2023 property tax rebate applications will open on Aug. 15, 2024, and end on Oct. 1, 2024.
