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Facts and figures about
taxes in Montana
2,129
CPAs across the state
1,084,225
Residents as of 2022
70,970
People claiming self- employment tax deductions
50,260
S-Corps statewide
43,700
People taking itemized deductions
95,060
People claiming the QBI deduction
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😓 19 million taxpayers filed late last year. Smart CPAs can help taxpayers be prepared.
😨 Smart CPAs can help the 30 million Americans who miss tax deductions each year.
😣 Smart CPAs can put an end to the overpaying on taxes that half of Americans do every year.
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How to set up an LLC in Montana
Montana State Income Tax Rates & Brackets for 2023
The following tables represents Montana's income tax rates and tax brackets:
SINGLE FILER
Brackets
Rates
$0 - $3,100
1.00%
$3,100 - $5,500
2.00%
$5,500 - $8,400
3.00%
$8,400 - $11,400
4.00%
$11,400 - $14,600
5.00%
$14,600 - $18,800
6.00%
$18,800+
6.75%
MARRIED FILING JOINTLY
Brackets
Rates
$0 - $3,100
1.00%
$3,100 - $5,500
2.00%
$5,500 - $8,400
3.00%
$8,400 - $11,400
4.00%
$11,400 - $14,600
5.00%
$14,600 - $18,800
6.00%
$18,800+
6.75%
Filing Status
Standard Deduction Amt.
Single
$4,830
Couple
$7,245
Montana State Sales Tax Rates for 2023
Montana has no sales tax, and does not allow its cities or counties to levy sales tax. Instead, businesses are taxed on their gross income, but this cannot be passed on to consumers.
Montana State IRS Statistics of Income for 2020
Item
(All amounts are in 1000s of dollars)
Number of returns
Number of single returns
Number of joint returns
Number of head of household returns
Number of individuals
Adjusted gross income (AGI)
Total income: Number
Amount
Salaries and wages in AGI: Number
Amount
Business or profession net income (less loss): Number
Amount
Partnership/S-corp net income (less loss): Number
Amount
Self-employed health insurance deduction: Number
Amount
Student loan interest deduction: Number
Amount
Charitable contributions if took standard deduction: Number
Amount
Total itemized deductions: Number
Amount
State and local income taxes: Number
Amount
State and local general sales taxes: Number
Amount
Qualified business income deduction: Number
Amount
Child and dependent care credit: Number
Amount
Child and other dependent tax credit: Number
Amount
Self-employment tax: Number
Amount
Earned income credit: Number
Amount
Refundable education credit: Number
Amount
Recovery rebate credit: Number
Amount
Total tax liability: Number
Amount
Total additional Medicare tax: Number
Amount
Net investment income tax: Number
Amount
Tax due at time of filing: Number
Amount
Total overpayments: Number
Amount
All returns
551,690
283,600
209,130
47,820
989,480
37,127,874
541,880
37,701,303
426,620
22,346,381
89,470
1,029,804
50,260
3,438,932
23,540
157,664
41,340
27,915
158,230
38,539
43,700
1,520,084
40,070
569,173
910
2,115
95,060
815,317
16,300
8,361
112,590
276,549
70,970
239,947
73,590
149,098
17,070
14,762
93,490
132,025
397,270
4,717,062
8,250
15,924
14,140
97,936
117,660
774,198
404,940
1,288,554
Under $1
20,010
13,290
5,180
1,020
29,330
0
10,210
0
3,220
94,400
4,150
0
2,620
0
940
4,995
380
293
3,680
912
0
0
0
0
0
0
0
0
0
0
20
23
1,710
4,386
1,430
2,048
240
210
7,890
11,155
1,900
5,507
50
51
0
0
1,040
2,643
12,050
35,904
$1 under $10,000
73,060
60,330
7,320
4,330
73,940
352,584
73,050
365,656
49,020
262,901
8,580
19,329
1,710
0
1,020
2,769
980
615
9,710
2,125
830
20,729
380
1,408
40
22
200
67
0
0
20
10
6,820
4,944
19,700
19,835
2,240
1,918
17,210
25,380
8,630
5,480
0
0
0
0
4,320
2,159
54,290
68,465
$10,000 under $25,000
99,630
71,640
14,370
11,680
135,570
1,730,334
99,630
1,761,090
75,740
1,181,268
13,800
99,224
3,130
1,649
2,110
5,932
3,540
2,092
19,060
4,310
1,880
47,645
1,110
2,287
70
55
7,040
5,132
570
161
6,040
2,182
11,680
18,679
26,170
67,543
4,470
3,771
20,420
30,347
58,470
49,449
10
5
0
0
10,530
10,175
83,410
192,232
$25,000 under $50,000
133,700
80,370
30,550
18,870
220,040
4,853,933
133,700
4,923,587
112,400
3,620,656
17,670
184,084
5,670
29,440
3,740
13,468
11,550
7,097
32,920
7,634
4,570
108,847
3,810
8,505
130
176
18,390
29,638
3,040
1,543
30,210
40,235
14,230
37,070
24,840
58,824
3,470
2,873
17,020
23,492
110,940
264,701
10
15
0
0
23,170
32,167
109,260
272,293
$50,000 under $75,000
77,890
33,250
35,560
7,000
155,690
4,794,475
77,890
4,867,466
63,670
3,342,861
13,180
164,422
6,300
65,656
3,380
16,499
9,330
6,567
27,310
6,709
7,000
163,336
6,500
21,145
150
249
16,600
44,090
2,500
1,228
22,200
57,490
10,460
33,489
1,460
848
1,860
1,648
10,490
13,532
71,910
346,593
10
7
0
0
20,040
42,437
57,510
155,078
$75,000 under $100,000
50,830
12,170
35,330
2,600
120,010
4,408,575
50,830
4,467,488
41,840
2,971,180
9,810
123,442
5,700
90,864
2,470
14,228
6,240
4,343
21,570
5,419
6,240
158,357
5,970
27,837
90
162
13,480
46,121
2,880
1,516
17,440
55,622
7,570
25,992
0
0
1,570
1,411
7,900
9,073
49,340
359,440
20
10
0
0
15,490
41,929
35,190
113,550
$100,000 under $200,000
72,850
9,590
60,720
1,850
191,370
9,751,041
72,850
9,894,016
61,320
6,453,170
15,920
297,852
13,300
424,502
5,140
41,341
9,310
6,908
34,720
8,899
13,070
401,480
12,570
93,071
250
748
25,100
149,719
5,800
3,080
29,540
97,127
12,450
58,236
0
0
3,220
2,931
12,390
18,946
72,380
1,062,514
410
130
190
80
29,750
142,461
42,920
187,659
$200,000 under $500,000
18,970
2,330
16,120
370
50,840
5,461,359
18,970
5,568,269
15,630
2,766,416
4,980
205,723
8,410
866,166
3,280
37,683
0
0
7,940
2,160
7,260
303,721
7,000
120,801
150
529
10,980
186,985
1,290
699
7,070
23,781
4,560
35,999
0
0
0
0
170
100
18,950
905,580
5,480
4,239
9,780
14,243
10,650
174,905
8,260
103,837
$500,000 under $1,000,000
3,250
400
2,750
70
8,920
2,179,897
3,250
2,216,375
2,620
834,743
940
63,585
2,180
618,258
930
12,770
0
0
1,030
287
1,810
107,192
1,740
68,483
40
135
2,140
84,178
180
101
40
79
970
10,878
0
0
0
0
0
0
3,240
497,156
1,560
4,438
2,800
15,949
1,900
114,113
1,330
47,494
$1,000,000 or more
1,500
220
1,240
30
3,790
4,665,455
1,500
4,691,411
1,160
818,786
440
0
1,260
1,610,515
540
7,979
0
0
310
84
1,040
208,777
1,000
225,636
20
39
1,130
269,387
50
33
0
0
520
10,274
0
0
0
0
0
0
1,500
1,220,642
690
7,029
1,370
67,664
770
211,209
730
112,042
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