Montana Free Printable  for 2017 Montana Estimated Tax Underpayment Form

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Estimated Tax Underpayment Form
Form 2 Worksheet VII

Page 48 DO NOT FILE WITH YOUR RETURN - For Reference Only Clear Form 2016 Worksheets Worksheet VIII – Taxable Social Security Benefits for Form 2 The taxable amount of your social security benefits for Montana and federal purposes may be different. Complete this worksheet to figure out how much, if any, of your social security benefits are taxable in Montana. Montana does not tax Tier I Railroad Retirement benefits. If you reported any portion of these benefits on your Form 2, line 20b as taxable benefits, enter that amount as a Montana subtraction on Form 2, Schedule II, line 23. Column A (for single, joint, separate, or head of household) 1 Enter the total amount from box 5 of all your federal Form SSA-1099s................... 1 Column B (for spouse when filing separately using filing status 3a) 1 2 Multiply line 1 by 50% (0.50) and enter result here............................................................................. 2 2 3 Add the amounts on Form 2, lines 7, 8a, 9, 10 through 14, 15b, 16b, 17 through 19 and 21. Enter the result here...................................................................................................................................... 3 3 4 Add the amounts on Form 2, Schedule I, lines 1 through 4, and 6 through 15, along with tax-exempt interest that you reported on Form 2, line 8b, which is not included on Form 2, Schedule I, line 1.... 4 4 5 Add lines 2, 3 and 4 and enter the result here..................................................................................... 5 5 6 Add the amounts on Form 2, lines 24 through 33 plus any write-in adjustments on line 37 with the amounts on Form 2, Schedule II, lines 2 through 22, and 24 through 35. Enter the result here......... 6 6 Yes ► Subtract line 6 from line 5 and enter the result here....................................................... 7 7 8 Enter the amount that corresponds to your filing status. If your filing status is: • married filing jointly, enter $32,000 in column A; • single or head of household, enter $25,000 in column A; • married filing separately, enter $16,000 in columns A and B................................................... 8 8 Yes ► Subtract line 8 from line 7 and enter the result here....................................................... 9 9 10 Enter the amount that corresponds to your filing status. If your filing status is: • married filing jointly, enter $12,000 in column A; • single or head of household, enter $9,000 in column A; • married filing separately, enter $6,000 in columns A and B..................................................... 10 10 7 Is the amount on line 6 less than the amount on line 5? No ► None of your social security benefits are taxable. Enter zero on line 18 and go to line 19. 9 Is the amount on line 8 less than the amount on line 7? No ► None of your social security benefits are taxable. Enter zero on line 18 and go to line 19. 11 Subtract line 10 from line 9 and enter the result here. If less than zero, enter zero............................ 11 11 12 Enter here the smaller of line 9 or line 10............................................................................................ 12 12 13 Multiply line 12 by 50% (0.50) and enter the result here..................................................................... 13 13 14 Enter here the smaller of line 2 or line 13............................................................................................ 14 14 15 Multiply line 11 by 85% (0.85) and enter result here. If line 11 is zero, enter zero.............................. 15 15 16 Add lines 14 and 15; enter the result here........................................................................................... 16 16 17 Multiply line 1 by 85% (0.85) and enter result here............................................................................. 17 17 18 Enter the smaller of line 16 or 17. This is your Montana taxable social security benefits............ 18 18 19 Enter the federal taxable amount of social security benefits that you reported on Form 2, line 20b ............................................................................................................................................... 19 19 20b If line 19 is less than line 18, enter the difference here and as a Montana addition on Form 2, Schedule I, line 5. This is the additional amount of your social security benefits that is taxed by Montana......................................................................................................................................... 20b 20b 20c If line 19 is greater than line 18, enter the difference here and as a Montana subtraction on Form 2, Schedule II, line 23. This is the amount of your social security benefits that is taxed by the federal government but not by Montana......................................................................................... 20c 20c 20a If line 19 equals line 18, the amount of the federal taxable social security benefits that you reported on Form 2, line 20b is the same amount that is taxed by Montana. No adjustment is necessary.
Extracted from PDF file 2016-montana-form-2-worksheet-vii.pdf, last modified December 2016

More about the Montana Form 2 Worksheet VII Individual Income Tax TY 2016

Use this form to calculate and pay any fees or interest due with your estimated income tax return when you pay it in full after the official due date.

We last updated the Estimated Tax Underpayment Form in January 2017, so this is the latest version of Form 2 Worksheet VII, fully updated for tax year 2016. You can download or print current or past-year PDFs of Form 2 Worksheet VII directly from TaxFormFinder. You can print other Montana tax forms here.

Other Montana Individual Income Tax Forms:

TaxFormFinder has an additional 78 Montana income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 2EC Montana Elderly Homeowner/Renter Credit
Form 2 Instructions Individual Income Tax Instructional Booklet
Form 2 Montana Individual Income Tax Return
Form ENRG-B Alternative Energy System Credit
Form ENRG-C Energy Conservation Installation Credit

Download all MT tax forms View all 79 Montana Income Tax Forms


Form Sources:

Montana usually releases forms for the current tax year between January and April. We last updated Montana Form 2 Worksheet VII from the Department of Revenue in January 2017.

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About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Montana Form 2 Worksheet VII

We have a total of two past-year versions of Form 2 Worksheet VII in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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