Montana Montana Elderly Homeowner/Renter Credit (OBSOLETE)
Extracted from PDF file 2019-montana-form-2ec.pdf, last modified June 2015
Montana Elderly Homeowner/Renter Credit (OBSOLETE)Clear Form 2017 Montana Elderly Homeowner/Renter Credit First Name and Initial File alone or with your Form 2. You can file electronically for free at revenue.mt.gov. Last Name Social Security Number Form 2EC Deceased? Date of Death M M D D 2 0 Y Y Mark this Spouse’s First Name and Initial Last Name Spouse’s Social Security Number Deceased? Date of Death box if M M D D 2 0 Y Y this is an City State Zip+4 amended Mailing Address form. Part I - Qualifications (You must answer “Yes” to each of the following four statements to qualify for this credit.) Yes I was age 62 or older as of December 31, 2017Y������������������������������������������������������������������������������������������������������������� No Yes I occupied a Montana residence as an owner or renter for a total of six months or more during 2017Y�������������������������� No I resided in Montana for nine months or more during 2017Y�������������������������������������������������������������������������������������������� Yes No My gross household income was less than $45,000 in 2017 (see instructions)Y������������������������������������������������������������� Part II - Net Household Income 1. Enter your total gross household income (see worksheet on page 2EC-2 of the instructions)................................... 1. Yes No 00 2. Your standard exclusion is entered here for you........................................................................................................ 2. 6300 00 00 Questions? Call us at (406) 444-6900 or TDD (406) 444-2830 for hearing impaired. 3. Subtract line 2 from line 1 and enter the result here, but not less than zero............................................................... 3. 4. Enter your multiplier rate from the Household Income Reduction Table on page 2EC-2 of the instructions....................4. . 5. Multiply line 3 by line 4 and enter the result here. This is your net household income.......................................... 5. 00 Part III - Credit Computation. Enter physical address of Montana residence (if different than mailing address) in the boxes below. Address City 6. Enter the property tax that you were billed for your Montana residence and up to one acre in 2017 ����������������������� 6. 00 7. Enter the rent that you paid in 2017 for your Montana residence ���������������������������� 7. 00 9. Add lines 6 and 8; enter the result.............................................................................................................................. 9. 00 8. Multiply line 7 by 0.15 (15%) and enter the result...................................................................................................... 8. 00 10. Subtract line 5 from line 9 and enter the result, but not less than zero..................................................................... 10. 00 11. Enter the lesser of line 10 or $1,000..........................................................................................................................11. 12. Enter the percentage from the Credit Multiplier Table on page 2EC-3 of the instructions that corresponds to your gross household income reported on line 1.............................................................................................................. 12. 13. Multiply line 11 by the percentage reported on line 12. This is your elderly homeowner/renter credit. ► 13. • If filing Form 2, enter the amount from line 13 above on Schedule V, line 24. Include Form 2EC with Form 2. • If not required to file Montana Form 2, mail Form 2EC or file it online for free at revenue.mt.gov. Direct Deposit Your Refund Complete 1, 2, 3 and 4. See instructions on page 2EC-3. 1. RTN# 00 . 00 Mail your completed Form 2EC to: Montana Department of Revenue PO Box 6577 Helena, MT 59604-6577 2. ACCT# 3. If using direct deposit, you must mark one box. Checking Savings 4. Is this refund going to an account that is located outside of the United States or its territories? Yes No Under penalties of false swearing, I declare that I have examined this claim, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Your Signature is Required Date X Paid Preparer’s Signature Paid Preparer’s PTIN/SSN Third Party Designee Do you want to allow another person (such as a paid preparer) to discuss this return with us (see page 2EC-3)? Yes Spouse’s Signature Date Daytime Telephone Number X Third Party Designee’s Printed Name Third Party Designee’s Phone Number No *17CA0101* *17CA0101* Firm’s FEIN For Department Use Only Page 2EC-1 Instructions for filing Montana Form 2EC Instructions for Elderly Homeowner/Renter Credit Form 2EC The Montana Elderly Homeowner/Renter Credit is a property tax relief program that provides a refundable tax credit of up to $1,000. To claim this credit, you must live in a household where the total income of all household members is less than $45,000 for that year, be 62 or older, have lived in Montana for more than nine months during the tax year, and occupied a Montana residence as a renter, owner or lessee for a total of six months or more during the year. The total amount of income from all household members used to determine your eligibility is called “gross household income.” Gross household income does not always equal the taxable income that individuals report on their Montana income tax return. It also includes income that is normally not taxable. Part II of these instructions provides a list of the income that must be included in gross household income. You can claim this credit directly on this return if you are not required to file a Montana individual income tax return (Form 2). If you are required to file Form 2, you must provide names, addresses and social security numbers on the Form 2EC that you include with Form 2. If either spouse died during the claim year, enter the date of death in the appropriate box. If filing an individual tax return is not required and this claim is for either a deceased individual or a married couple who are both deceased, please include federal Form 1310. Part I – Qualifications You need to answer “Yes” to all four statements before you apply. Any “No” answer means you are not eligible for the credit. Even though you may be eligible for the credit after completing Parts II and III of this form, you still may not be entitled to receive any credit. Note that only one claim is allowed per household and that married taxpayers who are living apart may qualify for only one credit per year. Age 62 Test. If you were 62 or older as of December 31, 2017, you can answer “Yes” to this statement. If you are married and both spouses own or rent your residence, only one of you has to meet the age requirement. Six-Month Test. You can answer “Yes” to this question as long as you have occupied one or more residences as an owner and/or renter for six months or more during the year. Nine-Month Test. You must have lived in Montana for nine months or more during the year to answer “Yes.” If you are the personal representative of the estate of an eligible individual who died during the year, you cannot claim this credit if that individual died before October 1, 2017. If you are married filing this claim with your spouse and if your spouse, who would have been the only eligible individual, dies before October 1, 2017, you are not eligible for this credit. You are eligible only if, as a surviving spouse, you are age 62 or older and you can continue to answer “Yes” to the other statements. Gross Household Income. If your gross household income was less than $45,000, you can answer “Yes.” Your gross household income includes all income received by all individuals in the household. Use the worksheet on page 2EC-2 to calculate your Gross Household Income. Part II – Net Household Income Enter your gross household income on line 1. This is all the income received, taxable and nontaxable, by all individuals who live in your household. This includes, but is not limited to, the income of adult children and unrelated individuals living in your household. In addition to federal adjusted gross income, the following are examples of items that are included in gross household income: ●● Pension and annuity income (this includes railroad retirement) ●● Disability benefits including, but not limited to, veteran’s disability, SSI payments and workers’ compensation ●● Any capital gains that you excluded from your Montana adjusted gross income, such as the gain from the sale of your primary residence ●● Alimony and support payments ●● Nontaxable strike benefits ●● Cash, public assistance and relief - Do not include LIEAP (Low Income Energy Assistance Program) or SNAP (Supplemental Nutrition Assistance Program, formerly known as the Food Stamp Program) ●● Interest on federal, state, county and municipal bonds ●● All social security payments except those paid directly to a nursing home ●● Elderly homeowner/renter credit allowed or other federal or state refundable credits ●● Long term care insurance benefits You may have a basis (the amount you invested) in some items above. If applicable, you may reduce the amount received as an item of income by your basis in that item. For example, if you paid $50,000 for the ownership of a primary residence, $50,000 is your basis. If you sell that residence for $80,000, your gross household income only includes the gain of $30,000 ($80,000 sales price minus $50,000 basis). If you received pension or annuity income or a distribution from a traditional IRA, include the federally taxable amount as shown on your Form 1099. Do not reduce your gross household income by any losses that you included in your federal adjusted gross income. The following Gross Household Income Worksheet can be used to help you calculate your gross household income. Instructions for filing Montana Form 2EC Page 2EC-2 Gross Household Income Worksheet Income Source (taxable and nontaxable) Amount required documents in your tax records and will provide those documents to us upon request. 1. Wages, salaries, bonuses, tips, etc. Line 6 – Property Tax Billed 2. Business, partnership, rent, royalties (do not include losses). 3. Dividends, interest (including interest from federal, state, county and municipal bonds) and capital gains (do not include capital losses). Report the amount of taxes, special assessment and fees that were billed on the property tax statement. Do not report the amount of property tax you actually paid. 4. Any federal or state refundable credits including the 2EC credit. 5. Alimony, cash public assistance, unemployment. 6. Pension, annuities, IRA distributions, benefits from railroad retirement, public employee’s retirement, veteran’s disability and social security (do not include social security income paid directly to a nursing home). 7. Income from any source or other household members not included above 8. Add lines 1 through 7; enter the total here and on Form 2EC, line 1. This is your gross household income. You are allowed only the property tax billed on your primary residence and up to one acre of land that is associated with this residence. If the one-acre farmstead or primary acre is not separately identified on your tax bill and if your ownership is less than 20 acres, your property tax to be used in the credit calculation is the larger of: total amount of property tax billed multiplied by 80%, or total amount of property tax billed divided by the total acreage. If your property tax bill is on property that you held in a revocable trust and if you are the grantor(s) and trustee(s) of that property, you can qualify for this credit. If your property taxes are billed to your living trust or life estate, you can qualify for this credit. If the property occupied by you is in a name other than your own, the property taxes billed for that property can qualify as rent only. Line 7 – Rent Equivalent Paid Line 4 – Household Income Reduction Table If your household income on line 3 is: At least But not more than Your multiplier is $0 $1,999 0.000 $2,000 $2,999 0.006 $3,000 $3,999 0.016 $4,000 $4,999 0.024 $5,000 $5,999 0.028 $6,000 $6,999 0.032 $7,000 $7,999 0.035 $8,000 $8,999 0.039 $9,000 $9,999 0.042 $10,000 $10,999 0.045 $11,000 $11,999 0.048 $12,000 and greater 0.050 Part III – Credit Computation Enter the physical address of the residence you are basing your claim on if it is different than the mailing address shown on this form or your Form 2. If you had multiple residences during the year, enter the address of the one you occupied the longest. You need to include a copy of your 2017 property tax bill and/or your signed rent receipts when you file Form 2EC. If you are unable to get signed rent receipts, a statement detailing the rent paid during the year signed by your landlord is an acceptable substitute. If you are filing electronically, you do not need to send us your property tax bill or rent receipts. When you file electronically, you represent that you have completed Form 2EC, retained the Your rent is only the amount of money that you paid to occupy your home. If you live in a health care, long-term care, personal care or residential care facility, the rent allowed is the actual out-of-pocket rent that you paid, excluding services provided by staff, that is board expenses such as meals, housekeeping, transportation and medical or paramedical expenses such as nursing care, assisted living care and memory care. The out-of-pocket rent can be determined using a facility statement providing the breakdown between rent and these amenities, or by deducting from your total payments some proportional amount representing board and/or care as follows. 1. Total payment to the facility 2. Multiply 1 by 20% if you received board services on a continuous basis (meal, housekeeping, laundry, transportation, entertainment) 3. Multiply line 1 by 30% if you received care on a continuous basis (nursing care, assisted living care, memory care) 4. Out-of-Pocket Rent, deduct lines 2 and 3 from line 1 If you wish to claim the credit for a previous tax year still open and you were living in a long term care facility, you must use the rules that applied during these years. Refer to the instructions of each tax year. Do not use rent you pay for an apartment or a facility that is exempt from property tax because the credit is not allowed in these situations. Verify with your landlord or facility that the property is subject to property taxes beyond assessments such as sewer and garbage fees. You may also contact us for assistance in determining if the property is exempt from property tax. Items that also should not be included as rent equivalent paid on line 7 are as follows (this list is not all inclusive): Page 2EC-3 Instructions for filing Montana Form 2EC ●● Mortgage payments, including mortgage interests ●● Nursing home costs that are paid directly from social security to the facility ●● Rent paid for you by a rental assistance program (this amount should also not be included in your gross household income) Line 12 – Credit Multiplier Table If the amount on line 1 is: Enter this figure on line 12: Less than $35,000 1.00 (100%) $35,000 to $37,500 0.40 (40%) $37,501 to $40,000 0.30 (30%) $40,001 to $42,500 0.20 (20%) $42,501 to $44,999 0.10 (10%) $45,000 and greater 0.00 (0%) Sign and File your Return Direct Deposit If you would like to use direct deposit, enter your financial institution’s routing number (RTN#) and your account number (ACCT#) in the space provided. Your routing number will be nine digits and your account can be up to 17 characters, including numbers and letters. Mark whether your account is a checking or savings account and if your refund will go to a bank outside of the United States and its territories. If your financial institution does not accept the direct deposit or if the direct deposit information that you provided is incomplete, we will mail you a refund check. Sign Your Credit Claim This form is not considered a valid claim unless you sign it. If you are filing a joint claim, your spouse must also sign. If you have someone prepare your Form 2EC, you are still responsible for the correctness of the claim. Electronic Signatures If you are filing your claim electronically, you are not required to actually sign your claim. The act of filing your claim electronically signifies your declaration, under the penalty of false swearing, that you are the taxpayer identified in the claim and that the information in the claim is true, correct and complete. Filing electronically, with this declaration, is your signature. Paid Preparer Anyone you pay to prepare your claim must sign it and include his or her Preparer Tax Identification Number (PTIN) in the space provided. Preparers should have a PTIN, but the preparer’s Social Security Number (SSN) may be used when the paid preparer does not have a PTIN. The paid preparer must also include his or her firm’s Federal Employer Identification Number (FEIN), if applicable. The preparer must give you a copy of this form for your records. Someone who prepares your claim but does not charge you should not sign your claim. Third Party Designee If you want to allow your preparer, a friend, a family member or any other person you choose to discuss your 2017 Form 2EC with the department, mark the “Yes” box in the bottom of the signature block. You must also enter the designee’s printed name and phone number. If you do not complete this section in its entirety, we cannot discuss your claim with a third party. If you mark the “Yes” box, you, and your spouse if filing a joint claim, are authorizing the department to call the designee to answer any questions that may come up during the processing of your claim. You are also authorizing the designee to: ●● Give the department any information that is missing from your claim; ●● Call the department for information about the processing of your claim or the status of your refund; ●● Receive copies of notices or transcripts related to your claim, upon request; and ●● Respond to notices from the department about math errors, offsets and claim preparation. You are not authorizing the designee to discuss any other tax year, receive any refund check, bind you to anything or otherwise represent you before the department. If you want to expand the designee’s authorization, please view information about granting someone power of attorney at revenue.mt.gov. The authorization automatically ends no later than the due date (without regard to extensions) for filing your 2018 return. This is April 15, 2019, for most people. File Your Form 2EC File Form 2EC with your Form 2, or alone if you are not required to file a Montana tax return, through our website. For further information on filing Form 2EC electronically, visit our website at revenue.mt.gov. Daytime Phone Number If you choose not to file electronically and you are not required to file Montana Form 2, mail your Form 2EC to: Providing your daytime phone number may help speed the processing of your claim. We may have questions about items on this form. Your answer may allow processing your claim without mailing you a letter. If you are filing a joint claim, you can enter either your or your spouse’s daytime phone number. How can I find out more about this credit or other tax matters, such as property tax relief? Montana Department of Revenue PO Box 6577 Helena, MT 59604-6577 Call us at (406) 444-6900 or visit our website at revenue.mt.gov.
More about the Montana Form 2EC Individual Income Tax Tax Credit TY 2019
Beginning in Tax Year 2018, the Montana Elderly Homeowner/Renter Credit will no longer be available as a paper form separately from the Montana Income Tax Return (Form 2). If you do not have a filing requirement and would like to claim this credit online, you may still submit the Montana Elderly Homeowner/Renter Credit (Form 2EC) through the Montana TransAction Portal (TAP). Form 2EC requires you to list multiple forms of income, such as wages, interest, or alimony .
We last updated the Montana Elderly Homeowner/Renter Credit (OBSOLETE) in March 2020, so this is the latest version of Form 2EC, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 2EC directly from TaxFormFinder. You can print other Montana tax forms here.
Other Montana Individual Income Tax Forms:
|Form Code||Form Name|
|Form 2||Montana Individual Income Tax Return|
|Form IT Payment Voucher||Individual Income Tax Payment Voucher|
|Form 2 Instructions||Individual Income Tax Instructional Booklet|
|Form AMD||Montana Individual Income Tax Amended Return Reconciliation|
Montana usually releases forms for the current tax year between January and April. We last updated Montana Form 2EC from the Department of Revenue in March 2020.
Form 2EC is a Montana Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
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 2EC
We have a total of seven past-year versions of Form 2EC 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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While we do our best to keep our list of Montana Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.