$2,500 Tax Refund: The Montana Department of Revenue will disburse a finalized income tax refund of up to $2,500 to residents who meet the eligibility criteria on December 31.
The Gazette notes that the 2021 tax returns of single or married filers determine the income tax refunds.
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A Montana taxpayer must have been a resident of the state for the entire 2021 tax year and timely filed tax returns for 2020 and 2021 to qualify for this refund.
Additionally, taxpayers must have a figure greater than zero on line 20 of the Montana 2021 income tax return and cannot have been declared dependent on another individual’s tax return.
As of July of last year, eligible taxpayers have been eligible to receive checks containing up to $1,250 for single filers and $2,500 for married joint filers, according to the media outlet.
According to the Gazette, the precise sum that a qualified taxpayer will obtain is equivalent to the lesser of the utmost amount determined by their filing status or the amount specified on line 20 of their 2021 tax return.
According to the Montana Department of Revenue, the department will automatically send the refund to taxpayers who qualify for it and they will not need to submit any additional forms to receive the payment.
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How can I determine where my payment stands?
Before proceeding with the refund payment, ensure that the refund status has been verified by accessing the Where’s My Refund? section of the TransAction Portal (TAP).
We might have applied the refund you received towards a balance owed to the State of Montana.
Failure to respond to the notice included on Form 2 for 2020, 2021, or 2022 will result in the state withholding your refund while it verifies your identity. If you have misplaced a state notice, please contact the Montana state government.
$2,500 Tax Refund: How do I know if I will receive my payment at the end of the month?
