New stimulus update: $1,250 payment in 7 days.
All eligible residents in Montana should have their 2021 income tax rebates, worth up to $1,250 per tax filer, delivered within the next seven days.
The tax rebates began being issued to eligible taxpayers in the Treasure State on July 3, with the state saying it expects distribution of most of the payments to be completed by Aug. 31.
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The rebate will be equal to the amount of taxes a person paid in individual income tax in tax year 2021. The maximum amount an individual filer can receive from this rebate is $1,250, while the maximum amount a head of household or joint filer can receive is $2,500 for the rebate. The specific amount a taxpayer will receive can be found on line 20 of their Montana tax return.
Gov. Greg Gianforte (R-MT) said in a statement in June that the rebate is designed to give money back to Montana taxpayers, saying they ”overpaid” their income taxes.
“Montanans overpaid their taxes, and we’re giving it back,” Gianforte said in a statement. “I look forward to getting this money back into Montanans’ pockets where it belongs.”
Residents will receive either a paper check or a direct deposit payment, depending on how their information is filed with the state.
No application is necessary for this rebate, according to the state.
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