Montana Tax Rates and Deductions — 2023

2023 Montana Tax Tables and Deductions

Individual, Estate, Trust, and Pass-Through Income Tax Rates

2023 Ordinary Income Tax Rates - Individual, Estate, Trust, and Pass-Through. Rates apply to taxable income.

Ordinary Income

Tax Rate

Less

$0 to $3,600

1%

$0

$3,600 to $6,300

2%

$36

$6,300 to $9,700

3%

$99

$9,700 to $13,000

4%

$196

$13,000 to $16,800

5%

$326

$16,800 to $21,600

6%

$494

$21,600 or greater

6.75%

$656

Individual Deductions and Exemptions

2023 Maximum Standard Deduction Amounts by Filing Status.

# Filing Status

Maximum Amount

Single

$5,540

Married Filing Separately

$5,540

Married Filing Jointly

$11,080

Head of Household

$11,080

2023 Minimum Standard Deduction Amounts by Filing Status.

# Filing Status

Minimum Amount

Single

$2,460

Married Filing Separately

$2,460

Married Filing Jointly

$4,920

Head of Household

$4,920

Other exemptions and deductions available for tax year 2023.

Deduction/Exemption Type

Amount

Personal Exemption

$2,960

Partial Pension and Annuity Exemption Max

$5,060

Partial Pension and Annuity Federal AGI phase-out

$42,140

Capital Gains Tax Credit

2%

MSA (Medical Savings Account) contribution

$4,500