2023 Tax Rebates: Eligibility and Payment Details for Checks Ranging from $1,250 to $2,500


As the Montana legislature navigated a historic $899 million budget surplus, income and propertytax reimbursements were among the primary destinations. With Governor Greg Gianforte’s March endorsement of these rebates, Montana residents have been anxious to learn who qualifies and what these rebates entail.

The Individual Income Tax Rebate, which is essentially a rebate of 2021 Montana individual income taxes, is the centerpiece of Montana’s tax rebates. The amount you receive depends on your 2021 filing status and the total amount of tax paid in that year, as shown on line 20 of Montana Form 2 for 2021.

If you filed as single, head of household, or married filing separately, your rebate will be the lesser of $1,250 or the line 20 amount. Couples filing jointly are eligible for reimbursements of $2,500 or the amount reported on line 20, whichever is less.

For those who were full-year Montana residents and paid their state taxes on time for both 2020 and 2021 income, a rebate of up to $1,250 for 2021 taxes is in the cards. If your payments for 2021 were less than $1,250 and you meet these conditions, you are eligible for a full refund.

The law states, however, that taxpayers who did not file taxes as full- or part-year Montana residents in 2020 or who paid their taxes for 2020 or 2021 late will not be eligible for these rebates.

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Who is Eligible for Montana’s Income Tax Refund?

To qualify for the Individual Income Tax Rebate, you must satisfy the following requirements:

  • You were a resident of Montana for the entire 2021 tax year, starting on January 1, 2021.
  • You filed a 2020 Montana resident or part-year resident return.
  • You filed a 2021 Montana resident tax return.
  • You filed both your 2020 and 2021 Montana tax returns by the due date for the tax year 2021, 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 2 shows an amount greater than zero.

The procedure for claiming an Individual Income Tax Refund is simple. The Montana Department of Revenue will automatically send rebates to qualifying taxpayers without requiring any action on their part.

The department will deliver refunds either by direct deposit into your bank account or by mail, using the account or mailing address information you provided on your most recent tax return.

The rule stipulates that all rebates must be processed by December 31.


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Source: Marca

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