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Tax Relief in Montana

Montana MapMontana 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.

 

5 Montana towns get federal tax credits for affordable housing

Governor Steve Bullock announced in a press release on Tuesday that $30.6 million in federal tax credits will be allocated to five communities in Montana to preserve or construct new affordable ...

Published:  Tue, 20 Nov 2018 11:36:00 GMT



Snow levels at Mt. Bachelor don't affect November tourism

Last November the city of Bend collected $426,303 in transient room tax, a 7 percent decline from the same time the year before, and that was with Mt. Bachelor opening Nov. 18, five days before Thanks...

Published:  Wed, 21 Nov 2018 13:13:00 GMT



Billings retirement communiy gets $8M in tax credits toward 50-unit affordable housing project

Steve Bullock announced Tuesday. Bullock announced $30.6 million in federal tax credits will be allocated to five communities in Montana to preserve or construct new affordable housing ...

Published:  Tue, 20 Nov 2018 12:15:00 GMT



Ronan, Whitefish among cities to receive $30M in federal tax credits for affordable housing

Gov. Steve Bullock announced Tuesday that $30.6 million in federal tax credits will be allocated to five Montana communities to preserve or construct new affordable housing. "This is a win-win ...

Published:  Tue, 20 Nov 2018 12:23:00 GMT



Montana officials forecast increasing state tax collections through 2021

HELENA - Montana officials are forecasting that state tax collections will increase each year through 2021. Gov. Steve Bullock's Office of Budget and Program Planning and the Legislative Fiscal ...

Published:  Sat, 17 Nov 2018 07:30:00 GMT



Montana lawmakers plan for modest state revenue growth

such as the one called in November 2017 after revenue collections dropped and Montana recorded its most expensive fire season in state history. Legislative Fiscal Division head Amy Carlson said the la...

Published:  Mon, 19 Nov 2018 16:51:00 GMT



The Latest: GOP legislative leaders reject tax increase plan

Republican legislative leaders are rejecting a proposal by Montana Democratic Gov. Steve Bullock to raise taxes on tobacco, liquor, rental cars and hotel rooms to help pay for state programs. Senate P...

Published:  Thu, 15 Nov 2018 13:56:00 GMT



Montana increasingly Republican red

Montana appears well down the road to becoming ... in the defeat of the Initiative 185 and Initiative 186, the tobacco tax and clean water ballot issues, both of which were unpopular with Republicans.

Published:  Wed, 21 Nov 2018 05:30:00 GMT



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