Why is my refund lower?  Why do I owe more? Montana implemented a revised tax system effective 2024, designed to align more closely with federal tax filing standards. Sweeping changes mean many taxpayers will see changes to their 2024 Montana refund or even have a...

It's never too early to plan for the upcoming tax season.  While the 2024 tax code is far from finalized, some important changes have already been announced. Inflationary pressures have prompted changes to tax brackets and an increase in standard deductions for all...

Montana made significant changes to its tax filing process for 2024.  Taxpayers will see changes to their filing status, tax brackets, and the calculation of Montana taxable income. In an effort to bring Montana's taxation system into better alignment with federal...

Most taxpayers claim the standard deduction when they file their federal tax return. However, some filers may be able to lower their tax bill by itemizing when they file their tax return. Before choosing to take the standard deduction or itemize, it’s a good idea to...

The IRS reminds shoppers to protect their tax and financial data from identity thieves. All it takes is a few extra steps to prevent cybercriminals from stealing sensitive data, such as financial account information, Social Security numbers, and credit card...

A natural disaster can strike any time; the Internal Revenue Service is reminding individuals and businesses to take time now and create or update their emergency preparedness plan. Individuals, families and businesses begin getting ready for a disaster with a...

Taxpayers can take steps to ensure smooth processing of their tax return next year. Here are three things taxpayers should know about the tax returns they will file next year. 1) It’s important to gather documents The IRS urges all taxpayers to file a complete and...

Get Ready for Taxes: What to Do Before the Tax Year Ends Dec. 31. WASHINGTON – As tax filing season approaches, the Internal Revenue Service reminds taxpayers there are things they should do now to get ready for filing season. For most taxpayers, Dec. 31 is the last...

Passwords are often the key to guarding access to personal information and data stored on computers or sent over email. Because most taxpayers file their returns electronically and access account information online, it is critical for taxpayers to not only create...

Owners who rent tourist or vacation homes have state tax responsibility Helena – The Montana Department of Revenue reminds people who rent a room, apartment, or home on a short-term basis to follow state taxation and permitting laws for lodging and accommodations....