Montana Department of Revenue Tax Guidance & Form Instructions
Montana Tax Rates and Deductions — 2024
2024 Montana Tax Tables and Deductions
Single and Married Filing Separately
Estates, Trusts, and Pass-Through Composite Tax Filers have the same rates below.
2024 Ordinary Income Tax Rates - Single and Married Filing Separately. Rates apply to taxable income without net long-term capital gains.
Ordinary Income
Tax Rate
First $20,500 of Montana Ordinary Income
4.7%
Montana Ordinary Income exceeding $20,500
5.9%
2024 Net Long-Term Capital Gains Tax Rates - Single and Married Filing Separately. Rates depend on how capital gains compare to Montana Ordinary Income.
Net Long-Term Capital Gain
Tax Rate
First $20,500 of capital gains minus Montana Ordinary Income
3.0%
Net long-term capital gains exceeding $20,500 minus Montana Ordinary Income
4.1%
Montana Ordinary Income exceeds $20,500
4.1%
Married Filing Jointly and Qualifying Surviving Spouse
2024 Ordinary Income Tax Rates - Married Filing Jointly and Qualifying Surviving Spouse. Rates apply to taxable income without net long-term capital gains.
Ordinary Income
Tax Rate
First $41,000 of Montana Ordinary Income
4.7%
Montana Ordinary Income exceeding $41,000
5.9%
2024 Net Long-Term Capital Gains Tax Rates - Married Filing Jointly and Qualifying Surviving Spouse. Rates depend on how capital gains compare to Montana Ordinary Income.
Net Long-Term Capital Gain
Tax Rate
First $41,000 of capital gains minus Montana Ordinary Income
3.0%
Net long-term capital gains exceeding $41,000 minus Montana Ordinary Income
4.1%
Montana Ordinary Income exceeds $41,000
4.1%
Head of Household
2024 Ordinary Income Tax Rates - Head of Household. Rates apply to taxable income without net long-term capital gains.
Ordinary Income
Tax Rate
First $30,750 of Montana Ordinary Income
4.7%
Montana Ordinary Income exceeding $30,750
5.9%
2024 Net Long-Term Capital Gains Tax Rates - Head of Household. Rates depend on how capital gains compare to Montana Ordinary Income.
Net Long-Term Capital Gain
Tax Rate
First $30,750 of capital gains minus Montana Ordinary Income
3.0%
Net long-term capital gains exceeding $30,750 minus Montana Ordinary Income
4.1%
Montana Ordinary Income exceeds $30,750
4.1%
Deductions
Montana deductions for tax year 2024.
Deduction Type
Amount
65 and over exemption
$5,500
MSA (Medical Savings Account) contribution
$4,500
Source: view the official PDF
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