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Tax Relief in Montana

Montana residents tend to average in the middle of nationwide rankings when considering various dimensions of tax collection. For example, Montanans pay approximately $1,347 per person in property taxes each year, which is 24th highest in the United States. The state's top individual income tax rate of 6.9% ranks 14th highest among all states that collect individual income taxes. Those state and local income taxes collected average $817 per resident, which ranks 23rd lowest nationally.

Montana does even better when looking at federal income taxes. State residents pay an average of $8,120 in federal income taxes each year, compared to a national average of $11,715.

On the other hand, Montanans have the 12th lowest median household income at $44,132, and that amount represents a decline of 10% in recent years. Because residents have less money to meet the rising costs of groceries, rent, medical bills, and utilities, they often have no savings set aside to pay their tax bills as April approaches. When faced with urgent, pressing financial needs, paying taxes is easy to overlook when allocating what little monetary resources a person has. Not having set aside enough money to pay local, state, and federal taxes, many Montanans face the difficult situation of having increasing tax debts and not knowing how to address them.

Increasingly, residents of Montana are turning to tax relief as a means of getting out of their serious tax issues. Tax relief companies help clients to address their mounting tax debts and alleviate the pressure of dealing with federal and state tax authorities, and can often help their clients significantly reduce their overall tax debt. To do this, tax relief experts use tools such as Offer in Compromise or Installment Agreements with the IRS, audit representation and reconsideration, and tax return review.

 

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Tax Relief In The News

Top Democrat: We need property tax relief, Gov. Murphy. Restore homestead rebates

New Jersey is known for many things - our beautiful shore, our great history, Bruce Springsteen - but it's also known for something much less attractive: having the highest property taxes in the nation. New Jersey's residential property taxes set a new ...

Published:  Mon, 21 May 2018 08:44:00 GMT



Tax relief available for rain and flood damage in Carroll

Standing water collected on Bethel Road in Westminster after a few days of rainy weather. Standing water collected on Bethel Road in Westminster after a few days of rainy weather. (Ken Koons/Carroll County Times / Carroll County Times) Carroll County ...

Published:  Mon, 21 May 2018 17:16:00 GMT



Selectmen OK tax relief for new downtown building

MILFORD - There have been shops on the corner of Nashua Street and South Street since 1797, according to the town history, and a shoe store on the corner since 1884. But there hasn't been a business in One Nashua Street for a very long time, not since ...

Published:  Mon, 21 May 2018 19:55:00 GMT



Alcohol industry pushes lawmakers to uncork excise tax relief

The alcohol industry is pressing Congress to make permanent the excise tax relief it received under the Republican tax law. The measure President Trump Donald John Trump Oregon governor to face state rep in November Ashford, Eastman neck and neck in ...

Published:  Wed, 16 May 2018 03:00:10 GMT



Now: Pensions renews tax relief top-up

Workplace pension provider Now: Pension will be topping up pension pots of non-taxpayer members, to make up for the income tax relief shortfall, for the 2017 to 2018 and 2018 to 2019 tax years. Currently, as many as 300,000 low paid earners are being ...

Published:  Tue, 15 May 2018 03:33:00 GMT



IRS offering tax relief for Greensboro, Guilford County residents affected by tornado

GREENSBORO - The Internal Revenue Service has announced tax relief for those in Greensboro and Guilford County affected by the April 15 tornado. The move comes as a result of President Trump approving a disaster declaration Tuesday for those areas ...

Published:  Fri, 11 May 2018 12:35:00 GMT



Tax Relief Associates provides an insight into one of the IRS tax relief programs

SAN DIEGO, May 15, 2018 (GLOBE NEWSWIRE) -- When couples file a joint tax return, each individual is liable for an equal payment of all taxes including penalties and interest for that given year. In the case of divorce or a divorce decree stating that one ...

Published:  Tue, 15 May 2018 15:46:00 GMT



New Hampshire DRA launches property tax relief program

CONCORD - The New Hampshire Department of Revenue Administration (NHDRA) announced the launch of the state's annual Low and Moderate Income Homeowners Property Tax Relief program and is accepting applications through June 30, 2018. New this year, NHDRA ...

Published:  Mon, 21 May 2018 19:54:00 GMT




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