Montana to Send Tax Rebate Payments of Up to $2,500

August 19, 2023 William Ross US Local News 0

Dec. 2023 Stimulus Checks: Who is eligible and how much will they get?

HELENA, Mont. (AP) — Montana Gov. Greg Gianforte on Friday signed a bill to send tax rebate payments of up to $2,500 to most taxpayers in the state.

The payments, which will be based on 2021 tax returns, are expected to cost the state about $1.2 billion.

“Today, we’re making it easier for Montanans to raise a family, to earn a good living, to own a home, to retire comfortably, and achieve their American dream,” Gianforte said in a statement.

The rebates will be $1,250 for individual filers and $2,500 for married couples filing jointly. They will be available to taxpayers who have a Montana adjusted gross income of less than $150,000 for individuals and $300,000 for married couples filing jointly.

See Also:  American Veteran and Active Military Members: Social Security is Here for You!

The payments are expected to go out in the fall.

The bill was passed by the Montana Legislature earlier this month. It was supported by both Republicans and Democrats.

Some lawmakers had argued that the state should use the money to address other priorities, such as education or infrastructure. But Gianforte and other supporters of the bill said the rebates would provide much-needed relief to Montanans who are struggling with inflation.

Tax rebates

The tax rebates are the latest in a series of financial assistance programs that Montana has implemented in recent months. In April, the state announced a one-time payment of $1,000 to all Montanans who filed a 2021 tax return.

The state has also waived interest and penalties on late tax payments and extended the deadline for filing state taxes.

See Also:  Americans To Receive Stimulus Checks Of $400 Through Lottery System

The Montana Department of Revenue is still working out the details of how the tax rebates will be distributed. The agency said it will provide more information in the coming weeks.

Related Stories:

Stimulus Check Nov. 2022: California, Delaware Residents To Receive Payment; Check If You Are EligiblePennsylvania and Montana Pending Stimulus Payments and State Gas Rebate, Check If You Are Eligible Stimulus Check August 2023: Montana Residents to Receive Up to $675Stimulus Check August 2023: Montana Residents to Receive Up to $675 Stimulus Check Sept. 2023: Washington, Minnesota, Montana And Alaska Citizens To Receive PaymentsStimulus Check Sept. 2023: Washington, Minnesota, Montana And Alaska Citizens To Receive Payments stimulus checksssssMontana governor Greg Gianforte proposes tax cut, credits Stimulus Check Nov. 2022: California, Delaware Residents To Receive Payment; Check If You Are EligibleIdaho, Illinois, And New Jersey To Send Stimulus Payments, Check If You Are Eligible Photos: Karisma Kapoor Elevates Style in Mesmerizing Pink Banaras Saree by Anita DongreStimulus October 2023: Montana Residents To Receive Upto $2500, Check If You Are Eligible Montana Homeowners To Receive Up To $675, See If You Are EligibleStimulus Checks Update: Montana Homeowners To Receive Up To $675, See If You Are Eligible stimulus checksInflation Relief Checks: 3 states will send stimulus payments; dates and how to apply?
William Ross
About William Ross 264 Articles
I am a cryptocurrency enthusiast and writer with over five years of experience in the industry. I have been following the development and innovation of Bitcoin and Ethereum since their inception, and I enjoy sharing my insights and analysis with readers. I have written for various reputable platforms, such as CoinDesk, Cointelegraph, and Decrypt, covering topics such as market trends, regulation, security, and adoption. I believe that cryptocurrency is the future of finance and technology, and I am passionate about educating and informing people about its benefits and challenges.