Stimulus update: Direct payment worth $2,500 from Montana rebate being sent through next 18 days

The Montana Department of Revenue will conclude its distribution of an income tax rebate of up to $2,500 to eligible residents in 18 days.

Rebates are being sent out by the state and are based on a resident’s or couple’s 2021 income taxes. The distribution of these rebates from the Treasure State began in July and will finish on Dec. 31.

WASHINGTON WIZARDS AND CAPITALS ANNOUNCE PLANS TO DITCH DC AND MOVE TO VIRGINIA

To be eligible for the rebate, 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 Montana 2021 income tax form.

Those who receive the rebate from the state will get up to $2,500 for married joint filers and up to $1,250 for individual filers. The amount a taxpayer will get is 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.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

“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.”

Treasure State taxpayers who qualify for the payment will receive the rebate automatically and do not need to file any additional forms to qualify, according to the state.