What does Montana Department of Revenue do?
Administers agency liquor store franchise agreements, manages the state’s wholesale liquor operations, and administers laws governing the sale, taxation and licensing of alcoholic beverages; and. Returns unclaimed property to its rightful owners.
Where do I mail my Montana state income tax?
Department of Revenue
| Mitchell Building 125 N. Roberts P.O. Box 5805 Helena, MT 59604-5805 | 444-6900 |
|---|---|
| For questions relating to the tax types below, please contact our main Call Center number above, or send a fax to the corresponding number. | |
| Individual Income Tax | FAX 444-4091 or 444-0750 |
| Property Assessment | FAX 444-9383 |
Is Montana a tax friendly state?
Montana is moderately tax-friendly for retirees. For starters, the state has no sales tax, which lowers living costs for everyone. It also has relatively low property taxes. On the other hand, many retirees pay taxes on Social Security retirement benefits, which is fully exempt in most other states.
How does Montana generate revenue?
Montana’s largest sources of tax revenue are income and property taxes, which comprise approximately 65 percent of state and local tax revenue. Unlike other states, sales and excise taxes comprise a relatively small portion of state and local tax revenue in Montana, at approximately 10 percent of total revenue.
What is the Montana income tax rate?
1%
Personal income tax
| Personal income tax rates, 2017 | ||
|---|---|---|
| State | Tax rates | Brackets |
| Montana | 1% | $2,900 |
| Idaho | 1.6% | $1,454 |
| North Dakota | 1.1% | $37,950 |
How long does it take to get my Montana tax refund?
The Montana Department of Revenue says that if you file your return in January, it may process your refund within a week. However, you may wait up to eight weeks if you file in April, which is generally when states receive the majority of returns.
Is Montana a high tax state?
Montana has a modestly progressive personal income tax. The top tax rate of 6.9% is the 13th highest in the nation, but Montana is one of only six states that allows Federal taxes to be deducted on the state return.
What is the main source of income in Montana?
Montana’s economy is dominated by the primary sector—agriculture, forestry, mining, and energy production—and by services. About one-third of the state’s workforce is employed in the service sector. The outdoor recreation industry has become important, and some high-technology industries have come to the state.
Is the state of Montana in debt?
U.S. Census Bureau
| [hide]Total fiscal year 2015 state debt, U.S. Census Bureau | ||
|---|---|---|
| State | Total state debt | Per capita debt ranking |
| Montana | $3,206,612,000 | 29 |
| Idaho | $3,685,377,000 | 38 |
| North Dakota | $2,063,788,000 | 33 |