Montana rebate: $2,500 direct payment sent in 2 days
The Montana Department of Revenue to Conclude Income Tax Rebate Distribution
The Montana Department of Revenue is wrapping up the distribution of an exciting income tax rebate, offering eligible taxpayers the chance to receive up to $2,500. This generous rebate has been sent out by the state since July, based on the 2021 tax returns of individual filers and couples. The distribution is set to be completed by December 31, ensuring Montanans can enjoy this financial boost before the year ends.
Qualifications and Maximum Amounts
To qualify for this incredible rebate, Montana taxpayers must meet certain criteria. They must have been residents of the state for the entire 2021 tax year, filed their tax returns for both 2020 and 2021 on time, not been claimed as dependents on someone else’s tax forms, and had a figure greater than zero on line 20 of their Montana 2021 income tax form.
The rebate offers a maximum value of $2,500 for married joint filers and up to $1,250 for individual filers. Eligible Montana residents will receive an amount equal to the maximum based on their filing status or the amount on line 20 of their Montana 2021 income tax form, whichever is less.
Returning Money to Montanans
“Montanans overpaid their taxes, and we’re giving it back,” exclaimed Governor Greg Gianforte (R-MT) in a statement earlier this year. He eagerly anticipates putting this money back into the pockets of Montanans, where it rightfully belongs.
Taxpayers eligible for the rebate can expect to receive the payment automatically, without the need for any additional paperwork. The state has made the process hassle-free, ensuring that eligible individuals can enjoy their rebate without any extra effort.
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