How to Get Your Tax Refunds in Montana?

During its 2023 term, the Montana legislature, which is controlled by Republicans, used $899 million from the state’s budget surplus to give income and property tax rebates. Now that Gov. Greg Gianforte has signed those rebates into law, here’s what people need to know to get their refund from the Montana Department of Revenue:

How Much Do I Qualify for?

One set of refunds was for income taxes and the other set was for property taxes:

Montana income tax refunds for 2021

If you lived in Montana all year and paid your state taxes on your pay in 2020 and 2021 on time, you should get up to $1,250 back on your 2021 taxes. If you meet those conditions and paid less than $1,250 in 2021, you should get a full return.

The $1,250 limit applies to people who filed as “head of household,” “single,” or “married filing separately.” Married couples who file together can get up to $2,500, which is twice that amount.

The law says that people who didn’t file taxes in 2020 as full- or part-year residents or who paid their taxes late in 2020 or 2021 won’t be able to get rebates.

Here, you can find out more about income tax rebates from the Department of Finance.

Property Tax Refunds for 2022 and 2023

Homeowners can get up to $675 a year off their property taxes for their primary residence in 2022 and 2023. Your primary residence is the place you’ve lived for at least seven months of the year. If you paid less than $675 in property taxes either year, you can get your whole payment back.

Property tax payments are made to county treasurers twice a year, in November and May. Most of the time, payments for homes with debts are made through the bank. The department says that the 2022 rebate can be used for payments in November 2022 and May 2023, and the 2023 rebate can be used for payments in November 2023 and May 2024.

Here, you can find out more about property tax refunds from the revenue department.

How Do I Get a Refund on My Income Tax?

The Department of Revenue says there is nothing to worry about because it will automatically send refunds to taxpayers who qualify. Rebates will be put in your bank account online or sent to the address you gave the government when you filed your most recent tax return.

The department says that it will start giving back income tax in July. By rule, all rebates must be done by December 31.

How Do I Get a Refund on My Property Taxes?

You have to ask for these. The department says that taxpayers can apply for property tax refunds for 2022 through its online TransAction Portal or on paper between August 15, 2023, and October 1, 2023. In 2024, the same dates will be open for a second round of refunds for 2023.

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I Don’t Remember How Much State Income Taxes I Paid in 2021, How Do I Find That Number?

If you look at your old tax returns, the department says the number on line 20 of your 2021 Montana Individual Income Tax Return form is the one it uses to figure out your refund.

I Rent My Home Rather Than Own It, Can I Get These Tax Rebates?

Income tax refunds are available to all taxpayers who live in the country, regardless of whether or not they own a home. The property tax refunds, on the other hand, are only available to homeowners who paid taxes on their main home.

Even though landlords usually use a part of renters’ payments to pay property taxes, the Legislature didn’t allow property tax rebates for homes that aren’t owned by the people who live there.

Who Deserves Credit?

Gov. Gianforte’s original budget plan only had property tax rebates and future income tax rate cuts. However, after negotiating with legislative Republicans, he decided to back a combination of smaller property tax rebates and income tax rebates.

Gov. Greg Gianforte signed into law a group of eight bills that give short-term property and income tax refunds and cut income taxes permanently. The bills put a big chunk of the state’s expected $2.5 billion budget surplus toward what the governor called “the largest tax cut in Montana’s history.”

Democrats said that they thought the 2023 Legislature should allow some tax relief, but House Bills 192 and 222, which were about income and property tax rebates, were eventually passed with the help of Republicans.

The votes were almost all along party lines. Democrats said they were worried about not having enough money for other budget goals, so they tried to change the bill to include renters but failed.

House Bill 816, which was passed at the end of the session, added more money to tax refunds. It was supported by most Republicans and a few Democrats.

Other than those facts, we’ll let you decide how to answer this question.

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Do You Think This Will Happen Again in 2025?

That’s up to the Legislature of 2025, but it’s not likely to happen. The state’s excess in 2023 was probably a once-in-a-generation event. It was caused by economic stimulus during a pandemic, inflation, and migration that drove up income tax collections.

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