9. Your 2017 estimated total tax liability from line 8
9.
10. a. Multiply line 9 by 90% (0.90) and enter the result here
10a.
b. Enter 100% of the tax liability shown on your 2016 income tax return
Form 2, line 54 (add columns A and B); or Form 2EZ, line 15
10b.
Enter the smaller of line 10a or 10b. If you are unable to determine an amount for: (1) line
10a, use the amount on line 10b; or (2) line 10b, use the amount on line 10a
10.
11. a. Enter the estimated amount of your Montana income tax and mineral
royalty tax withholding in 2017. (Examples include withholding on
wages, pensions, annuities, pass-through entities, etc.)
11a.
b. Enter the amount of your 2016 expected or actual overpayment that will
be applied to your 2017 income tax
11b.
c. Enter the estimated amount of your 2017 refundable credits which are
listed on Form 2, Schedule V
11c.
Add lines 11a, 11b, and 11c and enter the result here. These are your 2017 estimated
payments.
11.
12. If you completed lines 1 through 9 subtract line 11 from line 9. If the result is less than $500,
stop here. Based on the information you used in your calculations, you do not need to make
estimated tax payments in 2017 If the result is $500 or more, or you did not complete lines 1
through 9, subtract line 11 from line 10 and enter the amount here. Continue to line 13
12.
Payment Due Dates
April 15, 2017 June 15, 2017 Sept 15, 2017 Jan 15, 2018
13. Divide the amount on line 12 by four (4) and enter the
result in each of the columns to the right. This is your
estimated tax payment due for each period, unless you
have chosen to use the annualized income installment
method calculated on Montana Form ESA - Estimated
Tax Annualization Worksheet
13.
If the payment date falls on a weekend or a holiday, your payment is due on the next business day.
2017 Montana Individual Income Tax Table
If Your Taxable
Multiply
If Your Taxable
Multiply
But Not
And
This Is
But Not
And
This Is
Income Is
Your Taxable
Income Is
Your Taxable
More Than
Subtract
Your Tax
More Than
Subtract
Your Tax
More Than
Income By
More Than
Income By
$0
$2,900
1% (0.010)
$0
$10,600
$13,600
5% (0.050)
$266
$2,900
$5,200
2% (0.020)
$29
$13,600
$17,600
6% (0.060)
$402
$5,200
$7,900
3% (0.030)
$81
More Than $17,600
6.9% (0.069)
$560
$7,900
$10,600
4% (0.040)
$160
6,800 X 3% (0.030) = $204.
$204 minus $81 = $123 tax
For example:
Taxable income $