Head of Household Qualifying Dependent

Head of Household This filing status is for unmarried individuals who provide a home for certain other persons. (Some married persons who live apart may also qualify, and some persons married to a nonresident alien may also qualify. See below.) You may file head of household only if as of December 31, you were unmarried or legally separated (according to your state law) under a decree of divorce [...]

Montana Child and Dependent Care Expense Deduction

If you pay for household or dependent care services for a child under the age of 15, or for a disabled dependent while you are searching for gainful employment, or while you and your spouse both were at work, you can qualify for a child and dependent care expense deduction. To qualify for this deduction, you have to maintain a household for a child under the age of 15 or for a dependent or [...]

Montana Partial Retirement Disability Income Exemption for Taxpayers Under Age 65

You can qualify for a partial retirement disability income exclusion of up to $5,200 if you are: ● under the age of 65 ● retired as permanent and totally disabled, and ● not treating your disability income as a pension and annuity. You are permanently and totally disabled if you are unable to engage in any substantial gainful activity, if you have been medically determined to be physically or [...]

Montana Energy Conservation Installation Credit

Energy Conservation Installation Credit If you are a resident of Montana, you can claim a credit against your income tax liability for energy conservation investments that you made to your home or other buildings. Your credit is equal to 25% of your expenses for a maximum credit of up to $500 for the capital investments you made to your home or another building for energy conservation purposes [...]

Montana Alternative Energy Systems Credit

Alternative Energy Systems Credit **The Alternative Energy Systems Credit was relealed and may not be claimed after tax year 2021. You may carry forward any unused portion of your credit for up to 4 years, until tax year 2025, or until it has been exhausted, whichever comes first.** Nonfossil form of energy: If you are a resident of Montana, you can claim a credit against your income tax [...]