by Rocky Mountain Accounting | Oct 21, 2026 | Uncategorized
What is a 530A Trump Account? 530A Trump Accounts are new tax-advantaged accounts for eligible minors. Parents, family members, and employers may contribute up to a combine total of $5000 annually. The funds in these accounts grow tax- deferred and convert into...
by Rocky Mountain Accounting | Sep 18, 2025 | Uncategorized
Residential Clean Energy and Energy Efficient Home Improvement Credits Expiring 12/31/2025 Are you planning to install a new water heater, biomass stove, windows, doors, or insulation in your home? Thinking about installing clean energy systems such as solar...
by Rocky Mountain Accounting | Aug 7, 2025 | Uncategorized
Social Security Benefits and the Enhanced Deduction for Seniors Social Security benefits remain taxable under the latest tax bill; what does that mean for you? Are Social Security benefits taxable? The short answer is yes. You must pay taxes on up to 85% of your...
by Rocky Mountain Accounting | Aug 6, 2025 | Uncategorized
Big changes are coming to Montana property taxes! In 2026, Montana is introducing a new homestead and rental property reduced property tax rate for qualifying properties. All other residential properties (including cabins, second homes, short-term rentals, etc.) will...
by Rocky Mountain Accounting | Aug 5, 2025 | Uncategorized
Montana property owners will see significant changes to their property taxes in 2025 & 2026. In 2025, the property tax rate will be a function of assessed value with a new <$400,000 bracket added. The first $400,000 will be taxed at .76%, the next $1.1 million...
