Stimulus update: Direct payment worth $2,500 from Montana rebate going out through end of year

All eligible Montana taxpayers will receive their income tax rebate of up to $2,500 to eligible residents, from the state by the end of this month.

The Treasure State is sending out rebates based on an individual or couple’s 2021 income taxes from now through Dec. 31. Distribution of the rebates began in July.

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The state says that taxpayers who qualify for the payment will receive the rebate automatically and do not need to file any additional forms to qualify.

A Montana taxpayer 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 return, to be eligible for the rebate.

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Eligible residents of the Treasure State can expect to see 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 Montana income tax form, whichever is less.

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