Stimulus update: Direct payment worth $2,500 from Montana rebate being sent through next 19 days

In 19 days, Montana will finish its distribution of an income tax rebate of up to $2,500 to eligible residents.

The state is currently sending out rebates based on an individual resident’s or couple’s 2021 income taxes through Dec. 31. The distribution of these rebates from the Treasure State began in July, and different amounts are offered for individual filers and joint filers.

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The rebate from the state provides up to $2,500 for married joint filers and up to $1,250 for individual filers. The specific amount a taxpayer will get is either equal to the maximum amount based on filing status or the amount on a taxpayer’s line 20 of their Montana 2021 income tax form, whichever is less.

A taxpayer 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 return, to be eligible for the rebate.

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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.

“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.”