Montana Paycheck Calculator

Calculate your take home pay after federal & Montana taxes

Last updated on Aug 24 2021

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Montana state income tax

Montana has a population of over 1 million (2019) and is nicknamed the Treasure State due to rich deposits of minerals, including gold, silver, copper, lead, zinc, coal and oil. The median household income is $53,386 (2017).

Brief summary:

  • the income tax rate ranges from 1% to 6.9%
  • no state-level payroll tax
  • has standard deductions and exemptions
  • has a Earned Income Tax Credit (EITC)
Montana United States

Montana fiscal year starts from July 01 the year before to June 30 the current year. So the fiscal year 2021 will start from July 01 2020 to June 30 2021.

Calculating your Montana state income tax is similar to the steps we listed on our Federal paycheck calculator:

  1. figure out your filing status
  2. work out your adjusted gross income [Total annual income – Adjustments = Adjusted gross income]
  3. calculate your taxable income [Adjusted gross income – (Post-tax deductions + Exemptions) = Taxable income]
  4. understand your tax liability [Taxable income × Tax rate = Tax liability]
  5. determine whether your tax liability is more than your tax credits and withheld
    • Tax liability – (Credits + Withheld) = What you owe or
    • (Credits + Withheld) – Tax liability = Tax refunds

State payroll tax

There is no state-level payroll tax.

Income tax brackets

Refer to Tax Foundation for more details.

Fiscal year Filing status Taxable income Rate
2021
2020
Single
Married, Filing Jointly or Widow(er)
Married, Filing Separately
Head of Household
$0 – $3,100 1%
$3,100 – $5,400 2%
$5,400 – $8,200 3%
$8,200 – $11,100 4%
$11,100 – $14,300 5%
$14,300 – $18,400 6%
$18,400+ 6.90%

Deductions

Fiscal year Filing status Standard deduction amount Comment
2021
2020
Single
Married, Filing Separately
20% of adjusted gross income minimum standard deduction is $2,090
maximum standard deduction is $4,710
Married, Filing Jointly
Head of Household
minimum standard deduction is $4,180
maximum standard deduction is $9,420

Exemptions

There is state-level exemptions for all type of filers and dependents. Refer to Tax Foundation for more details.

Fiscal year Filing status Personal exemption amount
2021 Single
Married, Filing Separately
Head of Household
$2,560
Married, Filing Jointly or Widow(er) $5,120
Dependent(s) $2,560
2020 Single
Married, Filing Separately
Head of Household
$2,510
Married, Filing Jointly or Widow(er) $5,020
Dependent(s) $2,510

Earned Income Tax Credit (EITC)

Fiscal year Percentage of Federal EITC Refundable
2021
2020
3% Yes

Child Tax Credit (CTC)

There is no state-level CTC.

FAQs

What taxes do Montanan pay?

The only state-level tax is the income tax rate which ranges from 1% to 6.9%.

How much do you make after taxes in Montana?

If you are single and earn $54,000 per year, your take home pay will be $42,369.25 after taxes.
A married couple with a combined income of $108,000 will get $84,151.90 after taxes.