Montana Health Insurance for Uninsured Montanans Credit

Health Insurance for Uninsured Montanans Credit. You can claim a credit against your income tax liability if your business provides health insurance coverage for its employees. Your credit is a percentage of the premium payments that you made throughout the year for a maximum credit of up to $3,000 per year. In order to qualify for this credit, as an employer you should meet the following [...]

Montana Credit for An Income Tax Paid to Another State or Country

You can use this credit only if you are filing as a full-year or part-year resident. If you are a full-year resident and you paid an income tax to another state or country on income that is also taxable to Montana, you may be entitled to a credit against your Montana income tax liability for these income taxes paid to another state or country. If you claimed the foreign tax credit on your federal [...]

Montana Historic Property Preservation Credit

You can claim a credit against your income tax liability for your own qualified rehabilitation expenditures. The allowable Montana credit is 25% of the federal rehabilitation credit provided for in IRC Section 47(a)(2). The credit may not be allocated between spouses unless the property is used by a small business corporation or a partnership in which they are shareholders or partners. When you [...]

Montana Empowerment Zone Credit

Empowerment Zone Credit. You can claim a credit against your income tax liability if you are an employer who has a business in an empowerment zone. The credit is based on the number of qualifying new employees and is equal to $500 for each qualifying employee in the first year of employment, $1,000 for each qualifying employee in the second year of employment, and $1,500 for each qualifying [...]

Montana Dependent Care Assistance Credit

If you are an employer in Montana, you can claim a credit against your income tax liability for the amount that you paid or incurred during the year to provide dependent care assistance to your employees. There are three programs that are available to you that qualify for this credit, including: ●● A dependent care assistance credit. ●● A dependent care information and referral service credit. [...]