With the Form PTE original due date around the corner, the department has compiled a list of common errors to avoid when filing the form. These errors are items that have been identified by the preparer community and by the department while processing …
This article is a part of our 2023 Legislative Roundup series, providing you updates about changes to Montana income tax laws made during the 68th Montana Legislature. There are two new provisions affecting C corporations for tax periods after December …
The Montana Department of Revenue is holding approximately $128 million dollars that has yet to be claimed by citizens. Montanans can search for abandoned money or other types of property. The fastest and easiest way to search is online at MissingMoney.com …
With tax filing time right around the corner, you may be wondering if your Montana income tax rebate or property tax rebate you received in 2023 are taxable on your 2023 tax return. Federal taxability According to the IRS, for federal purposes, the rebates …
This article is a part of our 2023 Legislative Roundup series, which brings you updates about changes to Montana income tax laws made during the 68th Montana Legislature. The 68th Montana Legislature passed Senate Bill 303, increasing the late filing …
The Montana Department of Revenue is offering a free webinar on January 22, 2024, at 11 am, to review the major changes to Montana’s individual income tax system in Tax Year 2024. The webinar will provide an overview of changes to filing statuses, tax …
Montanans have until March 1 to report the number of each type of livestock they own and to pay the per capita fees set yearly by the Montana Board of Livestock. This is the first year the payment due date has been March 1. The Board of Livestock has also …
The 2023 Legislature passed House Bill 212, changing how business equipment is taxed in Montana. The new law increases the business equipment tax exemption from $300,000 to $1 million for tax year 2024. Businesses whose statewide market value of equipment …
This article is a part of our 2023 Legislative Roundup series, which brings you updates about changes to Montana income tax laws made during the 68th Montana Legislature. The calculation of Montana wage withholding is changing. Legislation passed in 2021 …
Four existing Montana income tax credits were updated during the 68th Montana Legislature. Montana Earned Income Tax Credit The Montana Earned Income Tax Credit will increase, beginning with Tax Year 2024. Currently, the credit is equal to 3 percent of the …
The department has updated its wage withholding tax tables (Employer and Information Agent Guide) as well as the employee’s withholding and exemption certificate (Form MW-4) after major changes to Montana’s income tax system, including lower income tax …
The Montana Department of Revenue is offering five free webinars this November and December on Montana tax laws. The webinars will cover the new Pass-Through Entity Tax, the Elderly Homeowner/Renter Credit, updates for the upcoming filing season, and an …
The 68th Montana Legislative made several changes to Montana’s tax laws. To help you sort out the changes, we are starting a series explaining the new laws called the 2023 Legislative Roundup. This post is a part of our 2023 Legislative Roundup series. …
The Montana Department of Revenue’s Alcoholic Beverage Control Division (ABCD) is a member of the National Alcohol Beverage Control Association (NABCA) and has received an alcohol education grant from this organization. NABCA’s mission is to support member …
The 68th Montana Legislative made several changes to Montana’s tax laws. To help you sort out the changes, we are starting a series explaining the new laws called the 2023 Legislative Roundup. This article is a part of our 2023 Legislative Roundup series. …
The last day to claim the Montana Property Tax Rebate is Monday, October 2. The Montana Department of Revenue is extending the deadline to claim the property tax rebate by one day to October 2. The original deadline in House Bill 222 was October 1. However …
About 70% of estimated potential claims have been approved Thousands of Montana taxpayers have successfully claimed and received property tax relief. Most qualified Montana taxpayers have already claimed their property tax rebate. The Montana Department of …
The Montana Department of Revenue has updated guidance for the newly enacted pass-through entity tax that is effective as of Tax Year 2023. This guidance covers estimated tax payments, penalties and interest, and income tax credits. In October, the …
The Department of Revenue has shut down the automated tax reporting links for Unclaimed Property, W-2s, and 1099s currently offered in the File Transfer Service (ePass). Unclaimed Property and Withholding Tax Forms reporting may now be filed on the …
The Alcoholic Beverage Control Division (ABCD) recently hosted Town Halls around the state to provide updates about Montana’s alcoholic beverage laws from the 68th legislative session. Please review our fact sheet on the ABCD 2023 Town hall to learn more …
