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Montana Standard Deduction, Qualified Mortgage Insurance Premiums Deduction and Itemized Deduction Limitation (OBSOLETE)
Form 2 Worksheet V and IV is obsolete, and is no longer supported by the Montana Department of Revenue.
Extracted from PDF file 2019-montana-form-2-worksheet-v-and-iv.pdf, last modified August 2018Standard Deduction, Qualified Mortgage Insurance Premiums Deduction and Itemized Deduction Limitation (OBSOLETE)
St No ap le s Clear Form 2018 Montana Individual Income Tax Return Form 2 For the year Jan 1 – Dec 31, 2018 or the tax year beginning M M D D 2 0 1 8 and ending M M D D 2 0 Y Y First name and initial Last name Social security number Deceased? Date of death Mark if M M D D 2 0 Y Y this is an Spouse’s first name and initial Last name Spouse’s social security number Deceased? Date of death amended M M D D 2 0 Y Y return. Current mailing address City State Zip+4 (See page 2) 1 Single 3 Head of household 4 Married filing jointly Residency Status 1 Resident full-year North Dakota reciprocity 2a Married filing separately on the same form Mark only one box. 2 Nonresident full-year 2b Married filing separately on separate forms If using 2b or 2c, enter your spouse’s SSN below. 3 Resident part-year (See instructions) 2c Married filing separately and spouse not filing Dependents Filing Status Page 1 First name Last name Social security number Relationship Mark if disabled Column A Overpayments Tax, Credits and Payments Montana Taxable Income Federal Adjusted Gross Income Exemptions a X Yourself 65 or older Blind Enter number marked b Spouse 65 or older Blind Enter number marked c Enter the total number of dependents. If more than 3 dependents, see instructions d Add lines a through c. This is your total number of exemptions 1 Wages, salaries, tips, etc. Include federal Form(s) W-2 2a Tax-exempt interest 2a 00 00 2b Taxable interest 3a Qualified dividends 3a 00 00 3b Ordinary dividends 4a IRAs, pensions, annuities 4a 00 00 4b Taxable amount 5a Social security benefits 5a 00 00 5b Taxable amount 6 Total income. Combine lines 1 through 5. Add any amount from federal Schedule 1, line 22. (See page 2) 7 Federal adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise, subtract federal Schedule 1, line 36 (see page 2), from line 6 above 8 Montana additions. (See page 3) 9 Montana subtractions. (See page 4) 10 Montana adjusted gross income. Add lines 7 and 8 then subtract line 9 11 Standard or itemized deductions. Mark this box and include page 6 if you elect to itemize 12 Exemptions. Multiply $2,440 by your total number of exemptions 13 Taxable income. Subtract lines 11 and 12 from line 10. If zero or less, enter 0 14 Tax liability before credits. (See instructions) 15 Nonrefundable credits (see page 8). Do not enter an amount larger than line 14 16 Tax after nonrefundable credits. Subtract line 15 from line 14 17 Montana tax withheld on Forms W-2 and 1099 18 Other payments and refundable credits. (See page 9) 19 Reserved 20 Contributions, penalties, and interest. (See page 10) 21 Total payments. Add lines 17 and 18 then subtract line 20 22 If line 21 is more than line 16, subtract line 16 from line 21. This is the amount you overpaid. If your filing status is 2a and your spouse has an amount due, use the Worksheet in the instructions 23 Amount of line 22 you want refunded to you Refund ► Direct Deposit Your Refund. Complete 1, 2, 3 and 4. 1 RTN# 2 ACCT# 3 If using direct deposit, you are required to mark one box. Checking Savings 24 Amount of line 22 you want applied to your 2019 estimated taxes Owed 25 If line 21 is less than line 16, subtract line 21 from line 16. This is the amount you owe Owe ► a b c d 1 2b 3b 4b 5b 6 Column B (for spouse when filing separately using filing status 2a) 00 00 00 00 00 00 00 00 00 00 00 00 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 22 23 00 00 00 00 00 00 00 00 4 Is this refund going to an account that is located outside of the United States or its territories? Yes No 24 25 Under penalties of false swearing, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Your signature is required Date Spouse’s signature Date X_____________________________________________ M M D D Y Y Y Y X_____________________________________________ Paid preparer’s signature Preparer’s PTIN Firm’s FEIN Mark if paid preparer is also a 3rd Party Designee. _________________________________________ Office Use Only Date Received M M D D Y Y Y Y Daytime telephone number *18CE0101* *18CE0101* Form 2 - Page 2 – 2018 Social Security Number Adjustments to Income Additional Income Schedule 1 (federal Form 1040) Additional Income and Adjustments to Income Enter your additional income and adjustments to income from federal Schedule 1 1-9b Reserved 10 Taxable refunds, credits, or offsets of state and local income taxes 11 Alimony received 12 Business income or (loss). Include federal Schedule C or C-EZ 13 Capital gain or (loss). Include federal Schedule D if required 14 Other gains or (losses). Include federal Form 4797 15 Reserved 16 Reserved 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Include federal Schedule E 18 Farm income or (loss). Include federal Schedule F 19 Unemployment compensation 20 Reserved 21 Other income; list type 22 Combine lines 1 through 21. Add this amount to total income on Form 2, Line 6 23 Educator expenses 24 Certain business expenses of reservists, performing artists, and fee-basis government officials. Include federal Form 2106 25 Health savings account deduction. Include federal Form 8889 26 Moving expenses for members of the Armed Forces. Include federal Form 3903 27 Deductible part of self-employment tax. Include federal Schedule SE 28 Self-employed SEP, SIMPLE, and qualified plans 29 Self-employed health insurance deduction 30 Penalty on early withdrawal of savings 31 Alimony paid. Recipient’s SSN 32 IRA deduction 33 Student loan interest deduction 34 Reserved 35 Reserved 36 Combine lines 23 through 35. Subtract this amount from total income on Form 2, Line 7 A 1-9b 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 B 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Net Operating Loss Election for Farming Losses If you do not want to carry your 2018 farming loss back, mark the box You must make this election by the due date (including extension) for filing your income tax return. Amended Return Information Mark the appropriate box a NOL carryback b Federal audit c Amended federal return d Filing status e Other In the table below, indicate the reasons for the changes you made to your Montana tax return. Form or Schedule Line or Box Reason Third Party Designee Do you want to allow another person (other than a paid preparer) to discuss this return with us? Yes (Complete name and phone number below) No Name *18CE0201* *18CE0201* Phone number Form 2 - Page 3 – 2018 Social Security Number Montana Additions Schedule Savings Business Additions Accounts General Additions Enter your additions to federal adjusted gross income on the corresponding lines. 1 Recovery of federal income tax deducted in 2017. (See below) 2 Other recoveries of amounts deducted in earlier years that reduced Montana taxable income 3 Interest and mutual fund dividends from state, county, or municipal bonds from other states 4 Dividends not included in federal adjusted gross income 5 Adjustment for smaller federal estate and trust taxable distributions 6 Medical care savings account nonqualified withdrawals. (See page 4) 7 First-time home buyer savings account nonqualified withdrawals 8 Allocation of compensation to spouse in sole proprietorship 9 Federal net operating loss deduction 10 Dependent care assistance credit adjustment 11 Farm and ranch risk management account taxable distributions 12 Share of federal income taxes paid by your S corporation 13 Title plant depreciation and amortization 14 Other additions. Specify: 15 Subtotal to figure taxable social security benefits. Combine lines 1 through 14 Retirement 16 Addition to taxable social security benefits. (See page 5) 17 Add lines 15 and 16, and enter the total on Form 2, line 8. Total This is your total additions to federal adjusted gross income A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 17 00 Recovery of Federal Income Tax Deducted in 2017 Was the federal refund from taxes paid? How much of it did you deduct? Would the standard deduction have given a better result? How much of your 2017 federal refund is taxable to Montana? B 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Work s heet If you chose the standard deduction in 2017, your refund is not taxable. Do not complete this worksheet. A B 1 Enter your total federal taxes paid in 2017 as reported on Form 2, Schedule III, lines 7a through 7d 1 00 00 2 Enter the federal income tax refund you received in 2018 2 00 00 3 Enter any refundable credits claimed on your 2017 federal Form 1040, 1040A, or 1040EZ 3 00 00 4 Subtract line 3 from line 2. This is the portion of your federal refund that is a result of taxes you paid 4 00 00 If the result is zero or less, stop here. Your federal refund is not taxable 5 Enter the federal income taxes you deducted for 2017 as reported on Form 2, Schedule III, line 7e 5 00 00 6 Subtract line 4 from line 1 and enter the result here, but not less than zero 6 00 00 7 Subtract line 6 from line 5. This is the amount of taxes you deducted that were refunded to you 7 00 00 If the result is zero or less, stop here. Your federal refund is not taxable 8 Enter the itemized deductions you claimed on your 2017 Form 2, Schedule III, line 30 8 00 00 9 Enter your Montana adjusted gross income from 2017 Form 2, line 41 9 00 00 10 Calculate the 2017 standard deduction: • If your filing status was single or married filing separately, enter 20% (0.20) of line 9, but not less than $2,000 or more than $4,510 • If your filing status was married filing jointly or head of household, enter 20% (0.20) of line 9, but not less than $4,000 or more than $9,020 10 00 00 11 Subtract line 10 from line 8 11 00 00 If the result is zero or less, stop here. Your federal refund is not taxable 12 Enter the smaller of line 7 or line 11 here. This is the portion of your federal tax deduction that reduced your taxable income and was refunded in 2017 12 00 00 13 Enter here your 2017 Montana taxable income from Form 2, line 45. If your amount is less than zero, enter this amount as a negative amount 13 00 00 14 If line 13 is zero or more, enter the amount from line 12 here and on Additions Schedule, line 1. This is your taxable federal income tax refund. If line 13 is less than zero (a negative amount), add lines 12 and 13. • If your result remains less than zero (a negative amount), enter 0 and stop here. None of your federal refund is taxable to Montana • If your result is greater than zero (a positive amount), enter on Additions Schedule, line 1. This is your recovery of federal income tax deducted in 2017 14 00 00 *18CE0301* *18CE0301* Form 2 - Page 4 – 2018 Social Security Number Montana Subtractions Schedule Retirement Business Subtractions Status Savings Accounts Military Employment General Subtractions Enter your subtractions from federal adjusted gross income on the corresponding lines. 1 State income tax refunds included on federal Schedule 1, line 10. (See page 2) 2 Interest and mutual fund dividends from federal bonds, notes and obligations 3 Partial interest exemption for taxpayers 65 and older 4 Adjustment for larger federal estate and trust taxable distribution 5 Exemption for certain income of child taxed to parent 6 Recoveries of amounts deducted in earlier years that did not reduce Montana income tax 7 Unemployment compensation 8 Tribal income when exempt. Include Form ETM 9 Certain taxed tips and gratuities 10 Workers’ compensation benefits 11 Certain health insurance premiums taxed to employee 12 Student loan repayments for health care professional included in gross income 13 Military salary of active duty service persons 14 Life insurance premiums reimbursement or death benefits for National Guard and Reservist 15 Montana medical savings account deposits and earnings. (See below) 16 First-time home buyer savings account deposits and earnings. Include Form FTB 17 Family education savings account deposits (up to $3,000 per taxpayer) 18 Montana Achieving a Better Life Experience Act (ABLE) account deposits (up to $3,000 per taxpayer) 19 Carryover of capital losses incurred prior to 2007 20 Carryover of passive losses incurred prior to 2007 21 Allocation of compensation to spouse in sole proprietorship 22 Montana net operating loss carryover from Montana Form NOL 23 Business-related expenses for purchasing recycled material. Include Form RCYL 24 Wage expenses not deducted when taking the federal targeted jobs credit 25 Certain expenses incurred by medical marijuana providers 26 Sales of land to beginning farmers 27 Capital gains and dividends from small business investment companies 28 Certain gains recognized by liquidating corporation 29 Farm and ranch risk management account deposits. Include Form FRM 30 Donation of mineral exploration information 31 Gain on eligible sale of mobile home park. Include Form MHPE 32 Partial retirement disability income exemption for taxpayers under age 65 33 Federal taxable Tier II Railroad Retirement benefits entered on Form 2, line 4b 34 Partial pension and annuity income exemption. (See page 5) 35 Subtotal to figure taxable social security. Combine lines 1 through 34 36 Subtraction from federal taxable social security benefits (see page 5) and Tier I Railroad Retirement 37 Add lines 35 and 36, and enter the total on Form 2, line 9. Total This is your total subtractions from federal adjusted gross income A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 37 00 Nonqualified Withdrawal and Penalty Subtraction Montana Medical Savings Account (MSA) Schedule A If you have an MSA, you must report your beginning and ending balance each year. 1 Beginning balance. If this is a new account, enter 0 2 Total contributions for the year 3 Earnings from the account: interest, dividends, capital gains, etc. 4 Add lines 2 and 3. Enter the total on Subtractions Schedule, line 15. (See above) 5 Ending balance 1 2 3 4 5 00 00 00 00 00 1 2 3 4 5 6 1 2 3 4 5 6 00 00 00 00 00 00 Total withdrawals made during the year Withdrawals for eligible expenses. (See instructions) Nonqualified withdrawal. Subtract line 2 from line 1, and enter the total on Additions Schedule, line 6 Nonqualified withdrawal not subject to the 10% penalty. (See instructions) Nonqualified withdrawal subject to penalty. Subtract line 4 from line 3 Penalty. Multiply line 5 by 10% and enter the total on Contributions, Pen. and Int. Schedule, line 5. (See page 10) *18CE0401* *18CE0401* B 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 B 00 00 00 00 00 00 00 00 00 00 00 Form 2 - Page 5 – 2018 Social Security Number Exemption Calculation Fed AGI Limitation Partial Pension and Annuity Income Exemption Work s heet If your federal adjusted gross income on Form 2, line 7 is $36,910 ($39,000 if filing jointly) or more, stop here. A B You do not qualify for the exemption. 1 Enter your federal adjusted gross income from Form 2, line 7. 1 00 00 2 Federal adjusted gross income limitation amount 2 34820 00 34820 00 If line 1 is less than line 2, stop here. Enter the smaller of your pension and annuity income or $4,180 on Subtractions Schedule, line 34. (See page 4) 3 Subtract line 2 from line 1 3 00 00 4a If you are single, head of household, or married filing separately, enter the smaller of each spouse’s pension and annuity or $4,180 4a 00 00 4b If you are married filing jointly, enter the smaller of each spouse’s pension and annuity or $4,180 in the spaces below: Spouse 1 Spouse 2 00 00 Add the amounts for Spouse 1 and Spouse 2 4b 00 5 Multiply the amount on line 3 by 2 5 00 00 6 Pension and annuity exemption. Subtract line 5 from line 4a or 4b, whichever applies, and enter the total on Subtractions Schedule, line 34. (See page 4.) If the result is less than zero, enter 0. This is your partial pension and annuity exemption 6 00 00 Adjustments Taxable Social Security Benefits Modified Income Taxable Social Security Benefits Work s heet The taxable amount of your social security benefits for Montana may be different than for federal purposes. A B Complete this worksheet to figure how much you must enter on either the Additions or Subtractions Schedule. 1 Total amount from box 5 of all your federal Form SSA-1099s 1 00 00 2 Multiply line 1 by 50% (0.50) 2 00 00 3 Combine Form 2, lines 1 through 4b and federal Schedule 1, line 22. (See page 2) 3 00 00 4 Subtract Additions Schedule, line 3 from Additions Schedule, line 15. (See page 3) 4 00 00 5 Enter the amount, if any, from Form 2, line 2a 5 00 00 6 Combine lines 2, 3, 4, and 5 6 00 00 7 Enter federal Schedule 1, line 36. (See page 2.) (Do not include student loan interest deduction) 7 00 00 8 Add the amount on Subtractions Schedule, line 35 (see page 4) to line 7 8 00 00 If the amount on line 8 is greater than on line 6, none of your social security benefits are taxable. Stop here and enter 0 on line 20 and go to line 21 9 Subtract line 8 from line 6 9 00 00 10 Enter the amount that corresponds to your filing status. If your filing status is: • Married filing jointly, enter $32,000 in column A; • Single or head of household, enter $25,000 in column A; • Married filing separately, enter $16,000 in columns A and B 10 00 00 If the amount on line 10 is greater than on line 9, none of your social security benefits are taxable. Stop here and enter 0 on line 20 and go to line 21 11 Subtract line 10 from line 9 11 00 00 12 Enter the amount that corresponds to your filing status. If your filing status is: • Married filing jointly, enter $12,000 in column A; • Single or head of household, enter $9,000 in column A; • Married filing separately, enter $6,000 in columns A and B 12 00 00 13 Subtract line 12 from line 11. If less than zero, enter 0 13 00 00 14 Enter the smaller of line 11 or line 12 14 00 00 15 Multiply line 14 by 50% (0.50) 15 00 00 16 Enter here the smaller of line 2 or line 15 16 00 00 17 Multiply line 13 by 85% (0.85). If line 13 is zero, enter 0 17 00 00 18 Add lines 16 and 17 18 00 00 19 Multiply line 1 by 85% (0.85) 19 00 00 20 Enter the smaller of line 18 or 19. This is your Montana taxable social security benefits 20 00 00 21 Enter the federal taxable amount of social security benefits that you entered on Form 2, line 5b 21 00 00 22 If line 21 equals line 20, the amount of the federal taxable social security benefits that you entered on Form 2, line 5b is the same amount that is taxed by Montana. No additions or subtractions are necessary 22 23 If line 21 is less than line 20, subtract line 21 from line 20. Enter the result on Additions Schedule, line 16 (See page 3). This is the additional amount of your social security benefits that is taxed by Montana 23 00 00 24 If line 21 is greater than line 20, subtract line 20 from line 21. Enter the result on Subtractions Schedule, line 36 (See page 4). This is the reduction in taxable amount of your social security benefits for Montana 24 00 00 *18CE0501* *18CE0501* Form 2 - Page 6 – 2018 Social Security Number Standard Deduction Work s heet A Maximum When filing separately on the same form, each spouse must figure their own deduction. 1 Enter your Montana adjusted gross income from Form 2, line 10 2 Multiply the amount on line 1 by 20% (0.20) 3 If you are single or married filing separately, enter $4,580. If you are married filing jointly or head of household, enter $9,160 4 Enter the amount from line 2 or line 3, whichever is smaller 5 If you are single or married filing separately, enter $2,030. If you are married filing jointly or Minimum head of household, enter $4,060 6 Enter the amount from line 4 or line 5, whichever is larger, here and on Form 2, line 11. Total This is your standard deduction 00 00 3 4 00 00 00 00 5 00 00 6 00 00 Other State Taxes State and Local Taxes Limited to $10,000 Federal Tax Paid/Withheld in 2018 Medical and Dental Expenses Itemized Deductions Schedule If you choose to itemize your deductions, mark the box on Form 2, line 11. 1 Medical and dental expenses 1a 00 Enter the amount from Form 2, line 10 1b 00 Multiply line 1b by 7.5% (0.075) 1c 00 Subtract line 1c from line 1a and enter the total here, but not less than zero. This is your deductible medical and dental expenses subject to a percentage of Montana adjusted gross income 2 Medical insurance premiums not deducted elsewhere on your return 3 Long-term care insurance premiums not deducted elsewhere on your return 4 Federal income tax withheld 4a 00 Federal estimated tax payments 4b 00 2017 federal income taxes paid 4c 00 Other back year federal income taxes 4d 00 Add lines 4a through 4d and enter the total here, but not more than $5,000 if you are single, head of household, or married filing separately; or $10,000 if you are married filing jointly. This is your federal income tax deduction 5 General state and local sales taxes 5a 00 Local income taxes 5b 00 Real estate taxes paid 5c 00 Value-based personal property taxes 5d 00 Add lines 5a to 5d, enter the total here, but not more than $10,000 if your status is single, head of household or married filing jointly; or $5,000 if you are married filing separately. This is your state and local tax deduction 6 Montana light vehicle registration fees 7 Per capita livestock fees 8 Other deductible taxes paid. List type and amount: A 00 00 00 00 00 00 00 00 00 00 00 00 00 B 1 2 3 00 00 00 00 00 00 4 00 00 5 6 7 00 00 00 00 00 00 Miscellaneous Deductions Gifts to Charity Interest 8 00 9 Home mortgage interest and points. If paid to the person from whom you bought the house, provide their name, social security number and address 9 00 10 Investment interest. Include federal Form 4952 10 00 11 Charitable contributions made by cash or check 11 00 12 Charitable contributions made by other than cash or check 12 00 13 Charitable contribution carryover from the previous year 13 00 14 Child and dependent care expenses. Include Montana Form 2441-M 14 00 15 Casualty and theft losses. Include federal Form 4684 15 00 16 Political contributions, limited to $100 per taxpayer 16 00 17 Gambling losses allowed under federal law 17 00 18 Other miscellaneous deductions. List type and amount: 18 00 Total 19 Add lines 1 through 18, and enter the total on Form 2, line 11. This is your total itemized deductions 19 00 *18CE0601* *18CE0601* B 1 2 00 00 00 00 00 00 00 00 00 00 00 00 Form 2 - Page 7 – 2018 Social Security Number Tax Liability Tax Liability Schedule Full-year residents must skip lines 3a, 3b and 5. Nonresidents calculate their tax on line 3a or compute the tax on their volume of sales on line 3b when eligible. 1 Recapture taxes. (See instructions) Code Code 1 2 Tax from the tax table based on taxable income. (See instructions) 2 3a Nonresident tax. Multiply line 2 by the nonresident ratio below and add line 1. Enter the total on Form 2, line 14 3a 3b Alternative tax method for certain nonresidents. (See instructions) 3b 4 Tax on lump-sum distributions. Include federal Form 4972 4 5 Part-year resident tax. Multiply line 2 by the part-year resident ratio below and add lines 1 and 4, and enter the total on Form 2, line 14 5 6 Resident tax. Add lines 1, 2 and 4, and enter the total on Form 2, line 14 6 A B 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Resident Part-Year Required Information Date of Change M M D D 2 0 Y Y State moved to State moved from Nonresident / Part-Year Resident Ratio Schedule Montana Source Income Enter your Montana source income that is included in Montana adjusted gross income on Form 2. 1 Wages, salaries, tips, etc. 2 Interest 3 Ordinary dividends 4 Refunds, credits, or offsets of local income taxes 5 Alimony received 6 Business income or (loss) 7 Capital gain or (loss) 8 Other gains or (losses) 9 IRAs, pensions, and annuities 10 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Mark this box if Montana source losses are carried over to next year. (See instructions) 11 Farm income or (loss) 12 Social security benefits 13 Other income. (See instructions) 14 Montana source additions to income. (See instructions) 15 Montana source net operating loss. (See instructions) 16 Montana source income. Add lines 1 through 15 MT AGI 17 Enter your Montana adjusted gross income from Form 2, line 10 18 Divide the amount on line 16 by the amount on line 17. Ratio Round to 6 decimal places and do not enter more than 1.000000. This is your nonresident or part-year resident ratio A 1 2 3 4 5 6 7 8 9 00 00 00 00 00 00 00 00 00 10 11 12 13 14 15 16 17 00 00 00 00 00 00 00 00 18 2018 Montana Individual Income Tax Rates . If your taxable income is More than But not more than Then your tax rate is Less $0 $3,000 1% of taxable income $0 $3,000 $5,200 2% of taxable income $30 $5,200 $8,000 3% of taxable income $82 $8,000 $10,800 4% of taxable income $162 $10,800 $13,900 5% of taxable income $270 $13,900 $17,900 6% of taxable income $409 More than $17,900 6.9% of taxable income $570 *18CE0701* *18CE0701* B 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 . Form 2 - Page 8 – 2018 Social Security Number Nonrefundable Credits Schedule Nonrefundable Credits with Carryover Provision Single Year Credits - No Carryover Provision Enter your nonrefundable credits, including any carryover credits that may be available from 2017. 1 Resident capital gains credit. 2% of capital gain entered on federal Schedule 1, line 13. (See page 2) 2 Nonresident/part-year resident capital gains credit. 2% of capital gains entered on Nonresident/Part-Year Resident Ratio Schedule, line 7. (See page 7) 3 Credit for an income tax liability paid to another state or country. (See below) 4 College contribution credit. Include Form CC 5 Qualified endowment credit. Include Form QEC 6 Energy conservation installation credit. Include Form ENRG-C 7 Alternative fuel credit. Include Form AFCR 8 Health insurance for uninsured Montanans credit. Include Form HI 9 Elderly care credit. Include Form ECC 10 Recycle credit. Include Form RCYL 11 Innovative educational program credit 12 Student scholarship organization credit 13 Apprenticeship credit 14 Biodiesel blending and storage credit. Include Form BBSC 15 Contractor’s gross receipts tax credit. If multiple CGR accounts, mark here CGR Account ID: C G R 16 Geothermal systems credit. Include Form ENRG-A 17 Alternative energy systems credit. Recognized nonfossil form of energy generation 18 Alternative energy systems credit. Low emission wood or biomass combustion device Include Form ENRG-B if you are claiming a credit on lines 17 or 18 19 Alternative energy production credit. Include Form AEPC 20 Dependent care assistance credit. Include Form DCAC 21 Historic property preservation credit. Include federal Form 3468 22 Infrastructure users fee credit. Include Form IUFC 23 Empowerment zone credit 24 Increasing research activities credit. Include a detailed schedule of the credit carryforward 25 Mineral and coal exploration incentive credit. Include Form MINE-CRED 26 Adoption credit. Include federal Form 8839 Total 27 Add lines 1 through 26, and enter the total on Form 2, line 15. This is your total of nonrefundable credits A B 1 00 00 2 3 4 5 6 7 8 9 10 11 12 13 14 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 15 16 17 00 00 00 00 00 00 18 19 20 21 22 23 24 25 26 27 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Credit for Taxes Paid to Another State or Country Credit for Income Tax Paid to Another State or Country Schedule You may have paid income tax on income sourced to another state while a MT resident. Use this schedule to calculate this credit. You cannot claim this credit if a foreign tax credit is claimed for federal tax purposes. 1 Enter your income sourced and taxable to another state or country that is included in Montana adjusted gross income, or Montana source income if a part-year resident. (See instructions) 1 2 Enter all income sourced and taxable to the other state or country Indicate state’s abbreviation 2 3 Enter your income sourced and taxable to Montana. If a full-year resident, enter Form 2, line 10. If a part-year resident, enter Nonresident/Part-Year Resident Ratio Schedule, line 16. (See page 7) 3 4 Enter your total income tax liability paid to the other state or country. (See instructions) 4 5 Enter your Montana tax liability. (See instructions) 5 6 Divide line 1 by line 2. Enter the percentage here, but not more than 100% 6 7 Multiply line 4 by line 6 7 8 Divide line 1 by line 3. Enter the percentage here, but not more than 100% 8 9 Multiply line 5 by line 8 9 10 Enter the smaller of the amounts on lines 4, 7, or 9 here and on Nonrefundable Credits Schedule, line 3. (See above.) This is your credit for income tax paid to another state or country 10 *18CE0801* *18CE0801* A . . B 00 00 00 00 00 00 00 00 00 00 00 00 00 . . 00 00 00 Form 2 - Page 9 – 2018 Social Security Number Other Payments and Refundable Credits Other Payments and Refundable Credits Schedule Withholding reported on Forms W-2 and 1099 must be entered on Form 2, line 17. 1 2018 estimated tax payments 2 Overpayment applied from 2017 return 3 Total withholding from Montana Schedule(s) K-1 4 Emergency lodging credit. Include Form ELC 5 Unlocking public land credit 6 Elderly homeowner/renter credit. (See below) 7 Other payments. (See instructions) 8 Add lines 1 through 7, enter the total on Form 2, line 18. This is your other payments and refundable credits A 1 2 3 4 5 6 7 8 B 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Credit Computation Net Household Income Gross Household Income Elderly Homeowner/Renter Credit Schedule When you claim this credit, you attest that: Enter physical address of Montana residence • You are 62 or older as of December 31, 2018; (if different than mailing address entered on Form 2) • Your total household income of all household members is less than $45,000 for the tax year; Address • You have lived in Montana for at least nine months during the tax year; and City • You occupied a Montana residence as a renter, owner or lessee for at least six months during the tax year. 1 Federal adjusted gross incomes (Form 2, line 7) reported by the household. (See instructions) 1 2 Add line 2a reported on all Forms 2 or federal Forms 1040 filed by the household 2 3 Add any amount on lines 4a and 5a not included in 4b and 5b from Forms 2 or federal Forms 1040 filed by the household. (See instructions) 3 4 Social security payments not reported by the household, except when paid directly to a nursing home 4 5 Support money, cash public assistance and relief, non taxable strike benefits, and alimonies not reported by the household 5 6 Refundable credits received, including the elderly homeowner/renter credit 6 7 Other income not listed above 7 8 Enter all losses included on pages 1, line 7 for all Forms 2 or federal Forms 1040 filed by the household. (See instructions) 8 9 Combine lines 1 through 8. This is your gross household income 9 10 Your standard exclusion is entered here for you 10 11 Subtract line 10 from line 9 and enter the result here, but not less than zero 11 12 Enter your multiplier rate from the Household Income Reduction Table. (See below) 12 . 13 Multiply line 11 by line 12. This is your net household income 13 14 Enter the property tax that you were billed for your Montana residence and up to one acre in 2018 14 15 Enter the rent that you paid in 2018 for your Montana residence 15 16 Multiply line 15 by 0.15 (15%) 16 17 Add lines 14 and 16 17 18 Subtract line 13 from line 17 and enter the result here, but not less than zero 18 19 Enter the lesser of line 18 or $1,000 19 20 Enter the percentage from the Credit Multiplier Table that corresponds to your gross household income. (See below) 20 21 Multiply line 19 by the percentage on line 20, and enter the total on Other Payments and Refundable Credits, line 6. (See above) This is your elderly homeowner/renter credit 21 Long-Term Care Facility Rent Calculation If your household income on line 11 is: At least But not more than Multiplier $0 $1,999 0 $2,000 $2,999 0.006 $3,000 $3,999 0.016 $4,000 $4,999 0.024 $5,000 $5,999 0.028 $6,000 $6,999 0.032 $7,000 $7,999 0.035 $8,000 $8,999 0.039 $9,000 $9,999 0.042 $10,000 $10,999 0.045 $11,000 $11,999 0.048 $12,000 and greater 0.05 LTC Rent Household Income Reduction Table 1 2 3 4 Work s heet Total payment to the facility If you received board services (meals, housekeeping, laundry, transportation), multiply line 1 by 20% If you received care (nursing care, assisted living care, memory care), multiply line 1 by 30% Subtract lines 2 and 3 from line 1. This is your rent 00 00 00 00 00 00 00 00 00 6300 00 00 . 1 2 3 4 00 00 00 00 00 00 00 00 00 00 00 00 Credit Multiplier Table If line 9 is: Multiplier Less than $35,000 1.00 (100%) $35,000 to $37,500 0.40 (40%) $37,501 to $40,000 0.30 (30%) $40,001 to $42,500 0.20 (20%) $42,501 to $44,999 0.10 (10%) $45,000 and greater 0.00 (0%) *18CE0901* *18CE0901* Form 2 - Page 10 – 2018 Social Security Number Contributions Contributions, Penalties, and Interest Schedule Enter any voluntary contributions to check-off programs, penalties, and interest on the corresponding lines. Voluntary Contributions A 1 Nongame Wildlife Program a $5 $10 $20 00 other amount Child Abuse Prevention b $5 $10 $20 00 other amount Agriculture Literacy in MT Schools c $5 $10 $20 00 other amount MT Military Family Relief Fund d $5 $10 $20 00 other amount B a b c d $5 $5 $5 $5 $10 $10 $10 $10 A $20 $20 $20 $20 Penalties and Interest Total voluntary contributions 1 Amend 2 If filing an amended return, enter overpayments already refunded or applied to 2019 2 3 Interest on underpayment of estimated taxes. (See below) 3 If applicable, mark the appropriate box 2/3 farming gross income Estimated payments were made using the annualization method 4 Late file penalty, late payment penalty and interest. (See instructions) 4 5 Other penalties. (See instructions) 5 Total 6 Add lines 1 through 5, and enter the total on Form 2, line 20. This is your contributions, penalties, and interest 6 Interest Underpayment for 2018 $500 Threshold Calculation of Interest on Underpayment of Estimated Taxes - Short Method 00 00 00 00 00 00 00 00 00 00 other amount other amount other amount other amount B 00 00 00 00 00 Work s heet If you are filing separately on the same form, combine column A and B for each of the calculations. 1 Total tax due reported on Form 2, line 16 1 00 2 Montana tax withheld on Forms W-2 and 1099 reported on Form 2, line 17 2 00 3 Combine the amounts on Other Payments and Refundable Credit Schedule, lines 2 through 6. (See page 9) 3 00 4 Add lines 2 and 3 4 00 5 Subtract line 4 from line 1 5 00 If your result is $500 or less, stop here; you do not owe interest on your underpayment 6 Multiply line 1 by 90% 6 00 7 Income tax liability that you entered on your 2017 Form 2, line 54 or 2017 Form 2EZ, line 15 7 00 8 Enter the smaller of line 6 or line 7 8 00 9 Add the amount on line 4 above and Other Payments and Refundable Credits Schedule, line 1. (See page 9) 9 00 10 Subtract line 9 from line 8. This is your total underpayment for 2018 10 00 If the result is zero or less, stop here; you do not owe interest on your underpayment 11 Multiply line 10 by 0.0333 11 00 12 If you paid the amount on line 10 on or after April 15, 2019, enter 0. If you paid the amount on line 10 before April 15, multiply the amount on line 10 by the number of days you paid before April 15 and then by 0.000137 12 00 13 Subtract line 12 from line 11, and enter on Contributions, Penalties, and Interest Schedule, line 3. (See above) This is your interest on the underpayment of estimated taxes 13 00 *18CE1001* *18CE1001*
Form 2 Worksheet V and IV
More about the Montana Form 2 Worksheet V and IV Individual Income Tax
*Obsolete, see form 2 instructions
Form 2 Worksheet V and IV requires you to list multiple forms of income, such as wages, interest, or alimony 
.
We last updated the Standard Deduction, Qualified Mortgage Insurance Premiums Deduction and Itemized Deduction Limitation (OBSOLETE) in March 2021, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Montana Department of Revenue. You can print other Montana tax forms here.
Related Montana Individual Income Tax Forms:
TaxFormFinder has an additional 78 Montana income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Montana Form 2 Worksheet V and IV.
| Form Code | Form Name |
|---|---|
| Form 2 Worksheet VIII | Taxable Social Security Benefits (OBSOLETE) |
| Form 2 Worksheet VI (Obsolete) | Qualified Mortgage Insurance Premiums Deduction |
| Form 2 Worksheet II | Tax Benefit Rule for Federal Income Tax Refund (OBSOLETE) |
| Form 2 Worksheet IX (Obsolete) | Tax Benefit Rule for Recoveries of Itemized Deductions |
| Form 2 Worksheet V | Tax Credits (DISCONTINUED) |
| Form 2 Worksheet VII | Estimated Tax Underpayment Form |
View all 79 Montana Income Tax Forms
Form Sources:
Montana usually releases forms for the current tax year between January and April. We last updated Montana Form 2 Worksheet V and IV from the Department of Revenue in March 2021.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Montana Form 2 Worksheet V and IV
We have a total of six past-year versions of Form 2 Worksheet V and IV in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2014 Form 2 Worksheet V and IV
2 Worksheet V and IV
TaxFormFinder Disclaimer:
While we do our best to keep our list of Montana Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.