Form 2ez - Montana Individual Income Tax Return - 2013 Page 2
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2Form 2EZ - Worksheets and Tax Table
Standard Deduction Worksheet
1. Enter your Montana adjusted gross income from Form 2EZ, line 10 here ....................................................................................................1.
2. Multiply the amount on line 1 by 20% (0.20) and enter the result here .........................................................................................................2.
3. Enter the amount below that corresponds to your fi ling status here ..............................................................................................................3.
• If your fi ling status is single (fi ling status 1), enter $4,270. This is your maximum standard deduction.
• If your fi ling status is joint (fi ling status 2), enter $8,540. This is your maximum standard deduction.
4. Enter the amount from line 2 or 3, whichever is smaller ................................................................................................................................4.
5. Enter the amount below that corresponds to your fi ling status ......................................................................................................................5.
• If your fi ling status is single (fi ling status 1), enter $1,900. This is your minimum standard deduction.
• If your fi ling status is joint (fi ling status 2), enter $3,800. This is your minimum standard deduction.
6. Enter here and on Form 2EZ, line 11, the amount from line 4 or line 5, whichever is larger. This is your standard deduction.................6.
Calculation of Interest on Underpayment of Estimated Taxes – Short Method Worksheet
(If you made estimated tax payments, Form 2M or Form 2 would be a better option for you.)
Montana law requires you to pay your income tax liability throughout the year.
If you did not pay in advance at least 90% of your 2013 income tax liability (after
You can make your payments through employer withholding, through installment
applying your credits) or 100% of your 2012 income tax liability (after applying
payments of estimated taxes, or through a combination of employer withholding
your credits), you may have to pay interest on the underpayment of your
and estimated tax payments. You are not required to make estimated tax
estimated taxes.
payments if one of the following conditions applies to you:
If you are required to pay interest on your underpayment, you can use this short
• Your combined tax liability after you applied your withholding and
method to determine your interest, but only if one of the following conditions
estimated tax payments is less than $500.
applies to you:
• You made no estimated tax payments (in other words, your only
• You did not have a 2012 income tax liability and you were a citizen or
payments were Montana withholding); or
resident of the United States the entire year.
• You made four equal estimated payments by the required due dates.
• You retired in either 2012 or 2013 after reaching the age of 62.
If you are not eligible to use this short method to calculate your interest on
• You became disabled in either 2012 or 2013.
your underpayment, use Montana Form EST-I, Interest on Underpayment of
• You are a farmer or rancher and 66-2/3% of your 2013 gross income
Estimated Tax Payments. This form is available on our website at revenue.
is derived from your farming and ranching operation. Your 66-2/3%
mt.gov, or call us toll-free at (866) 859-2254 (in Helena, 444-6900).
farming and ranching income is determined annually and is based
on your 2013 gross income. Montana does not apply a “lookback”
provision in determining farming and ranching gross income.
1. Enter here your 2013 total tax liability as reported on Form 2EZ, line 15 ....................................................................................................1.
2. Multiply line 1 by 90% (0.90) and enter the result here. ..............................................................................................................................2.
3. Enter the amount from Form 2EZ, line 16 here ...........................................................................................................................................3.
4. Subtract line 3 from line 1 and enter the result here. If your result is $500 or less, stop here; you do not owe interest on your
underpayment ..............................................................................................................................................................................................4.
5. Enter here the 2012 income tax liability that you reported on your 2012 Form 2, line 54; Form 2M, line 47; or Form 2EZ, line 15.. ..........5.
6. Enter the smaller of line 2 or line 5 here ......................................................................................................................................................6.
7. Enter the amount from Form 2EZ, line 16 here ...........................................................................................................................................7.
8. Subtract line 7 from line 6 and enter the result here. If the result is zero or less, stop here; you do not owe interest on your
underpayment. This is your total underpayment for 2013 ...........................................................................................................................8.
9. Multiply line 8 by 0.05320 and enter the result here. ...................................................................................................................................9.
10. If you paid the amount on line 8 before April 15, multiply the amount on line 8 by the number of days you paid before April 15, and
then multiply by 0.0002192 ........................................................................................................................................................................10.
11. Subtract line 10 from line 9 and enter the result here and on Form 2EZ, line 17. This is your interest on underpayment of
estimated taxes. ....................................................................................................................................................................................... 11.
2013 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
$2,800
1% (0.010)
$0
$10,100
$13,000
5% (0.050)
$252
$2,800
$4,900
2% (0.020)
$28
$13,000
$16,700
6% (0.060)
$382
$4,900
$7,400
3% (0.030)
$77
More Than $16,700
6.9% (0.069)
$532
$7,400
$10,100
4% (0.040)
$151
For example:
Taxable income $6,800 X 3% (0.030) = $204.
$204 minus $77 = $127 tax
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