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Montana: Maximize Your Tax Savings with the Right CPA in the state

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Why CPAs in Montana are better online

If you use a CPA for expert tax advice and to help prepare your taxes, you're probably used to searching your home office for all your receipts and tax records and dragging yourself across town to a brick and mortar CPA's office. If you've kept good records like spreadsheets and other recorded data, your CPA would spend several hours (also if you're lucky) going over everything with you. Then you would emerge into the daylight with a big bill for your CPA's services, and the CPA would file your taxes. You would spend the next couple weeks hoping that you would get a refund that would be at least enough to cover the CPA's bill. But times have changed, and it doesn't have to be that way anymore. Thanks to digital technology and just about everything being done online, you can find tax services in Montana online and have an even better experience with an expert who is well-versed in Montana CPA services. This is probably no surprise, since we can now order just about anything on the internet, talk to our loved ones 1,000 miles away, and start a small business online with almost no start-up cash. But it may not yet be common knowledge that you don't have to keep records manually using spreadsheets or keep your receipts for every single business purchase. In fact, there's an app that uses a powerful A.I. to track your expenses and catch every possible tax write-off. When tax time comes, all of your information is stored in the app, so there's no need to keep records manually. FlyFin's CPA team has your back with unlimited tax advice in the app, instead of costly consultations with CPA firms in Montana. Their 100+ combined years of tax knowledge on the system in Montana is combined with CPA services in Montana that pertain to the needs of self-employed individuals of all types, plus knowledge about LLCs, S-Corporations, sole proprietorships and other business structures.

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Facts and figures about
taxes in Montana

2,129

CPAs across the state

montana
population

1,084,225

Residents as of 2022

population

70,970

People claiming self- employment tax deductions

population

50,260

S-Corps statewide

population

43,700

People taking itemized deductions

population

95,060

People claiming the QBI deduction

😵‍💫 Smart CPAs are accessible and affordable, but there's only 1 Montana CPA for every 300 residents.

😓 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.

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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

Size of adjusted gross income

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

Frequently Asked Questions

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How do FlyFin CPAs save freelance taxpayers time and money?

Unlike employees, who have taxes automatically deducted from their paychecks, freelancers, sole proprietors, gig workers and independent contractors have to be responsible for everything tax-related. FlyFin was designed to meet all of their unique tax needs in one place. The A.I.-powered tax app automatically tracks business expenses to find every write-off and lets taxpayers of all kinds file their taxes. FlyFin CPAs answer any tax question at no cost and take 95% of the effort of doing taxes out of taxpayers' hands by filing 100%-accurate state and federal tax returns and saving taxpayers $3,500 on average.
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