Are you a Montanan who is 62 or older as of Dec. 31? If so, then check to see whether you qualify for Montana’s elderly homeowner/renter tax credit for 2011. If you can answer “yes” to all of the following questions, then you may be eligible for the credit:
1. Were you 62 or older as of Dec. 31, 2011?
2. Did you occupy a Montana residence(s) as an owner or renter for 6 months or more during 2011?
3. Did you reside in Montana for nine months or more during 2011?
4. Was your total gross household income less than $45,000 in 2011?
Instructions for determining total gross household income are included with the form required to request the credit, Form 2EC.
Montana allows qualifying citizens a credit for a portion of their property taxes or rent paid based on their income. The credit can be used against state income liability or as a direct refund if the person is not required to file a Montana state income tax return. During the years 2008 and 2009, the average claim was $494. Only one claim is allowed per household.
To determine eligibility, complete Form 2EC, which can be found at your local Department of Revenue, library, post office or tax preparer office. It is also available on the web at revenue.mt.gov.
Help is available to complete Form 2EC by calling the Department of Revenue, 406-444-2830 (hearing impaired only) or toll free: 1-866-859-2254.
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