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Montana Deduction  Form

Montana Deduction Form

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Video instructions and help with filling out and completing Montana Deduction Form

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Instructions and help about montana v standard

all right so for this video i wanted to go over the montana state earned income tax credit so the federal earned income tax credit is very well known right this is reported on your form 1040 and it's generally available to taxpayers that are lower income and have qualifying children or taxpayers that don't have qualifying children but their income falls basically below the poverty line so they have so low of earned income in the eyes of the federal government that they're eligible for the eitc even though they have no qualifying children now montana is one of about 30 states that have their own version of the earned income tax credit and it is computed as a percentage of the federal amount so what we want to do here is look at an example return for john q taxpayer and how he can compute the montana portion or additional piece rather for his earned income tax credit so the starting point is always get your federal return done first and for obvious reasons this ha

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