Stimulus update: Direct payment worth $2,500 from Montana rebate going out through coming weeks

Montana is set to conclude the distribution of an income tax rebate, of up to $2,500 to eligible residents, in the coming weeks.

Rebates being sent to eligible taxpayers in the Treasure State are based on an individual or couple’s 2021 income taxes. The state began its distribution of the payments in July, and it will conclude on Dec. 31.

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To qualify for this rebate, a 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.

Once an eligible taxpayer receives their payment, they 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.

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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 in June. “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.