Recently enacted Senate Bills 121 and 399 reduced the number of income tax brackets and lowered the top rates from 6.5% to 5.9% beginning in 2024. The state Earned Income Tax Credit was increased from 3% of the federal credit to 10%, also effective in 2024. Long-term Capital Gains House...
Montana State Income Tax (SIT) Montana's SIT is progressive, meaning it adjusts based on the income level of the employee paying the tax. Filing Status* Income Tax Bracket [Over X] - [But not over Y] 2025 Income Tax Rates Single / Married (filed separately) /Married (filed jointly and...
Montana currently has seven tax brackets, based on levels of income – with a different tax rate for each, ranging from 1% on the lowest bracket to 6.75% on the highest. Under the new law, that will be reduced to two brackets, with a 4.7% lower rate and a 5.9% higher rate. TheMont...
Montana's personal income tax contains seven brackets, with rates ranging from 1.0 to 6.9 percent. Montana has no sales tax, and household goods are exempt from property taxes. However, property taxes are assessed on livestock, farm machinery, heavy equipment, automobiles, trucks, and business eq...