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Gasoline Tax: 52.15 cents/gallon (Includes all state, local, and federal taxes)
Diesel Fuel Tax: 54.90 cents/gallon (Includes all state, local, and federal taxes)
Communities designated as resort areas may levy sales tax up to 3%.
Personal Income Tax
Personal Income Tax Rate Range: Two brackets from 4.7% to 5.9% on income greater than $21,100.
Standard deduction: Single Filers: $15,000. Subject to phase-out.
Personal Exemption Allowance: None
Itemized Deductions Allowed? Yes, subject to limitations
Retirement Income
Social Security: Some or all may be taxable*
IRAs: Taxable at ordinary income tax rates*
401Ks/Defined contribution employer retirement plans: Taxable at ordinary income tax rates*
Private pensions: Taxable at ordinary income tax rates*
Public Pensions: Taxable at ordinary income tax rates*
Military Pay
Active Duty Pay: Certain pay such as base pay is exempt.
Military Retirement Pay: Resident working military retirees may claim an exemption on the lesser of 50% of their military retirement income or the amount of Montana source income (full details).*
Military Disability Pay: Exempt
VA Disability Dependency & Indemnity Compensation Benefits: Exempt
SBP/SSBP/RCSBP/RSFPP: Up to 50% may be exempt. Some exceptions apply.
*Retirement income of up to $5,560 may be exempt if 65 or over. Federal income tax deductible (limited to $5,000).
Property Tax
Local municipalities average .79% of the property's assessed value.
Calculation of assessed value: 100% of fair market value, appraised every two years.
Relief programs for:
Low-Income Owner-Occupied: Taxes can be reduced up to 80% if meet income and other requirements.
Over 62: Credit of up to $1,150 if meet income and residency requirements.
Disabled Veterans/Surviving Spouses: Up to 100% tax credit if meet income requirements.
Personal Property Tax: Yes. Rates and exemptions vary.
Premium and Life members can consult our financial staff for education and consumer advice.
Looking to get more out of your membership? MOAA has nearly 400 chapters around the country, along with several virtual chapters. Get involved by finding one and joining today!
