Until December 31, the Montana Department of Revenue will distribute an income tax refund of up to $2500 to eligible residents but how does one go about claiming it?
The income tax refunds, sent by the State Treasury, are based on an individual's, or couple's, 2021 tax returns and the distribution of these payments to taxpayers began in July.
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The amount of the individual income tax refund depends on the marital status for purposes of the taxpayer's 2021 return and the amount of tax paid for 2021, which can be found on line 20 of the 2021 Montana Form Two.
For those whose filing status was single, head of household, or married filing separately, the refund will be $1250 or the amount on line 20, whichever is less. Refunds for married taxpayers filing a joint return will be $2500 or the amount on line 20, whichever is less.
How do I claim my refund?
Taxpayers do not need to do anything to claim an individual income tax refund. The department will automatically send refunds to those who qualify.
Check the status of your individual income tax refund using Where's My Rebate on the TransAction Portal (TAP).
Who qualifies for the benefit?
These are the individuals who may qualify for this tax refund of up to $2500:
- Was a Montana resident for the entire 2021 tax year beginning January 1, 2021.
- Filed a Montana resident or resident return for part of the 2020 year.
- You filed a 2021 Montana resident tax return.
- You filed your 2020 and 2021 Montana tax returns by the 2021 tax year due date (including extensions).
- You were not claimed as a dependent by another taxpayer for federal or Montana income tax purposes in tax year 2021.
- Line 20 of your 2021 Montana Form Two has an amount greater than zero.
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