Stimulus update: Direct payment worth $2,500 from Montana rebate being sent through end of month

Montana will conclude the distribution of an income tax rebate of up to $2,500 to eligible residents in the state by the end of this month.

The rebates are based on an eligible person or couple’s 2021 income taxes, and they began going out in July.

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To be eligible for the tax rebate, taxpayers in the Treasure State must have been a resident for the entire 2021 tax year, filed tax returns for 2020 and 2021 on time, not be claimed as a dependent on someone else’s tax forms, and had a figure greater than zero on line 20 of their 2021 Montana income tax form.

The amount taxpayers can expect to see is up to $2,500 for married joint filers, and up to $1,250 for individual filers. The specific amount is either equal to the maximum amount based on filing status or the amount on a taxpayer’s line 20 of their 2021 return, whichever is less.

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Residents who qualify for the payment will receive the rebate automatically and do not need to file any additional forms to qualify.

“Montanans overpaid their taxes, and we’re giving it back,” Gov. Greg Gianforte (R-MT) said in a statement in June. “I look forward to getting this money back into Montanans’ pockets where it belongs.”