2023 Montana Tax Tables and Deductions
Individual, Estate, Trust, and Pass-Through Income Tax Rates
| Ordinary Income | Tax Rate | Less |
|---|---|---|
| $0 to $3,600 | 1% | $0 |
| $3,600 to $6,300 | 2% | $36 |
| $6,300 to $9,700 | 3% | $99 |
| $9,700 to $13,000 | 4% | $196 |
| $13,000 to $16,800 | 5% | $326 |
| $16,800 to $21,600 | 6% | $494 |
| $21,600 or greater | 6.75% | $656 |
Individual Deductions and Exemptions
| Filing Status | Maximum Amount |
|---|---|
| Single | $5,540 |
| Married Filing Separately | $5,540 |
| Married Filing Jointly | $11,080 |
| Head of Household | $11,080 |
| Filing Status | Minimum Amount |
|---|---|
| Single | $2,460 |
| Married Filing Separately | $2,460 |
| Married Filing Jointly | $4,920 |
| Head of Household | $4,920 |
| Deduction/Exemption Type | Amount |
|---|---|
| Personal Exemption | $2,960 |
| Partial Pension and Annuity Exemption Max | $5,060 |
| Partial Pension and Annuity Federal AGI phase-out | $42,140 |
| Capital Gains Tax Credit | 2% |
| MSA (Medical Savings Account) contribution | $4,500 |