MONTANA INDIVIDUAL INCOME TAX TAX YEAR:
Standard Deduction Percentage: Standard Deduction Maxima Single: Married: Standard Deduction Minima: Single: Married: Personal Exemption:
2005
20%
$3,560 $7,120
$1,580 $3,160 $1,900
Itemized Deduction: Federal Income Tax Deduction Limitations: $5,000 Single: Married filing separately on the same form: $5,000 Married filing separately on separate forms: $5,000 Married filing separately an spouse not filing: $5,000 $5,000 Head of household: $10,000 Married filing jointly: Capital Gains Tax Credit: 1%
2005 Tax Brackets and Table
If your taxable income is At least But less than 0 2,300 2,300 4,100 4,100 6,200 6,200 8,400 8,400 10,800 10,800 13,900 13,900 Then your tax is: 1% of taxable income 2% of taxable income 3% of taxable income 4% of taxable income 5% of taxable income 6% of taxable income 6.9% of taxable income Less: (23) (64) (126) (210) (318) (443)