Montana Sample Letter for Copies of Exemptions
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How to fill out Sample Letter For Copies Of Exemptions?
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FAQ
What Property Is Protected by the Montana Homestead Exemption? Montana has one of the more generous exemptions. You'll be able to protect up to $378,560 of equity in a residence, including your home, condominium, or any other dwelling and appurtenances.
Montana has a 6.75 percent corporate income tax rate. Montana does not have a state sales tax and does not levy local sales taxes. Montana's tax system ranks 5th overall on our 2023 State Business Tax Climate Index.
For Montanans who turned 62 or older in 2021, the Elderly Homeowner/Renter Tax Credit can bring up to $1,000.
The amount of the Montana personal exemption from individual income tax is adjusted annually for inflation ( MCA 15-30-2114(6)) The personal exemption amount is: 2022 tax year: $2,710. 2021 tax year: $2,580. 2020 tax year: $2,560.
Montana does not have a state sales tax.
