Stimulus update: Direct payment worth $2,500 from Montana rebate being sent through next 20 days

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

Rebates are now being sent out by the state 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.

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To qualify for this rebate, 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 Montana’s 2021 income tax form.

The rebate offers 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 2021 return, whichever is less.

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“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.”

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.