Montana State Tax Filing

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Montana Tax Details

The Montana Department of Revenue has made a few changes for the 2020 tax year. The standard deduction, exemption amounts, and tax brackets have all increased, which slightly reduce tax amounts.

A new subtraction was added for Montana educators who received loan assistance through the Quality Educator Loan Assistance Program. They can subtract up to $5,000 for the amount of loan repayment assistance received. The Media Credit has also been added for productions filmed in Montana between July 2019 and December 2020.

Montana is aware of the impacts of COVID-19 on all aspects of their community. If you have been impacted by COVID-19 and are facing hardships, they want to work with you to find a solution. Please visit their website for more information.

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