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

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

The rebates in the Treasure State are based on an eligible taxpayer or couple’s 2021 income taxes. The payments began going out in July and will conclude their distribution on Dec. 31, according to the state.

HOME ECONOMICS: THE HUMAN COST OF THE AFFORDABILITY CRISIS

Taxpayers 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.

Taxpayers in Montana 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 qualify for the rebate.

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 in June. “I look forward to getting this money back into Montanans’ pockets where it belongs.”

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