Instructions For Form 2m - Individual Income Tax Forms And Instructions (Includes Form 2ec) - 2011 Page 5
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35Instructions for fi ling Montana Form 2M
Page 1
What’s New for 2011?
Getting Started
These simple steps will help you complete and fi le your
Montana Due Dates Now Impacted by Federal
Montana tax return.
Actions
● Complete your federal tax return.
The due date for fi ling a Montana income tax return will
● Determine if Montana Form 2M is right for you. See
now be extended if it falls on a holiday that causes the
FAQ
w
on page 18.
federal fi ling date to be extended. For example, your
● Decide if you will fi le electronically or use a paper tax
Montana tax return will be due April 17, 2012 (April 15 is
return. This booklet is designed to help you fi le by
a Sunday, and April 16 is Emancipation Day, a holiday
either method.
observed in the District of Columbia so the federal due date
is extended). This is also true for any applicable payment
● If you fi le a paper return, remember to sign it.
dates. Additionally, taxpayers in federally declared disaster
● File your Montana tax return (include your payment, if
areas may benefi t from extended due dates or the waiver of
s
taxes are due) by April 17, 2012. See FAQ
on page
penalties and interest.
20 for information about receiving an extension.
● When fi nished, please accept our thanks for a job well
Rate Changed for Withholding on Lottery
done!
Winnings
If you have lottery winnings in excess of $5,000, please
Step 1. Personal Information
note that the withholding rate has been reduced from 10%
to 6.9%. This change was effective as of July 1, 2011.
► Are you ready?
Montana Energy Credits Not Affected by Federal
● Gather any updated personal information.
Changes
● Determine which fi ling status is best for you.
The recent expansion of the federal tax credits for
► Did you…?
consumer energy effi ciency expired on December 31, 2010.
● Use blue or black ink if you are fi ling on paper.
While Montana’s energy-related tax credits are similar to
the federal credits in many ways, they are not affected by
● Ensure that the correct social security number is
the federal expiration. The types of investments that qualify
entered and matches the number on your W-2(s).
for Montana and the amount of credit remain the same for
● List your mailing address.
2011. Please visit our website at revenue.mt.gov for more
● Mark a fi ling status box.
information on qualifying for Montana’s energy tax credits.
● Mark the correct residency status.
Improved Forms and Instructions
As a result of feedback we have received from taxpayers
Heading
and tax practitioners, we updated the following forms and
instructions for 2011:
Print your name, mailing address and social security
number in the spaces provided. If you are married, enter
● Form 2EC (Elderly Homeowner/Renter Credit) – We
your spouse’s name and social security number.
expanded the instructions for the Elderly Homeowner/
Renter Credit to provide more information about
If either the primary taxpayer or the spouse died during the
how to calculate this refundable credit. In addition,
tax year, enter the date of death in the fi eld next to his or
we consolidated the instructions this year so that
her name. Please include a copy of the federal Form 1310
the information is not split between the Form 2EC
unless fi ling status 2 (married fi ling jointly) is used on this
and Form 2M instruction booklet. You will fi nd all the
return.
necessary information with the Form 2EC at the back
of this booklet.
Filing Status - (Mark only one box)
● Worksheet II (Tax Benefi t Rule for Federal Income Tax
Box 1 – Single
Refund) – We included additional information in the
You can claim this fi ling status if on December 31, 2011,
instructions so that you can more readily determine if
you:
you need to complete the worksheet. We also revised
the worksheet to more clearly explain how to calculate
● were single,
your taxable federal income tax refund for Montana
● were legally separated according to your state law
purposes.
under a decree of divorce or separate maintenance, or
● Third Party Designee – In order to continue to protect
● were widowed before January 1, 2011 and you did not
your personal information, we added a section for
remarry in 2011.
a third party designee to the bottom of the form. It
If you are married, you cannot fi le separate Form 2M
includes a box to check to allow you to designate
returns. You will have to fi le a joint tax return with your
another person to talk to us about your tax return.
Please see FAQ
t
on page 19 for more information.
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