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Montana 2008 IRS Tax Stats



Montana Income Tax Overview

2010 Population for Montana 989,415
Total Number of Tax Returns for Montana [1] 440,668
Total Number of Joint Tax Returns for Montana 177,621
Total Number of Dependents for Montana 128,316
Total Adjusted Gross Income for Montana $16,859,464,129

The following tables break down the Income Tax Statistics into different Gross Income levels.


Adjusted Gross Income: Under $10,000 [1]

Number of tax returns [1] 97,232
Number of joint returns 11,611
Number of returns with paid preparer's signature 49,789
Number of exemptions 99,521
Number of dependents 12,797
Adjust gross income (AGI) [2] $308,105,754
Salaries and wages $420,761,711
Taxable interest $41,102,466
Ordinary dividends $30,480,686
Business or professional net income (less loss) ($11,795,674)
Net capital gain (less loss) $17,487,327
Taxable individual retirement arrangements distributions $13,820,014
Taxable pensions and annuities $40,754,768
Unemployment compensation [3] $5,797,821
Taxable Social Security benefits $46,618
Self-employment retirement plans $0
Total itemized deductions [4] $133,389,600
State and local income taxes $7,159,548
State and local general sales tax $48,357
Real estate taxes $12,137,271
Taxes paid $21,964,975
Mortgage interest paid $45,852,439
Contributions $2,256,242
Taxable income $23,160,512
Total tax credits [5] $36,172
Residential energy tax credit $0
Child tax credit $0
Child and dependent care credit $0
Earned income credit [6] $28,692,656
Excess earned income credit (refundable) [7] $25,637,474
Alternative minimum tax $226,574
Income tax [8] $2,381,638
Total tax liability [9] $10,886,747
Tax due at time of filing [10] $3,270,207
Overpayments refunded [11] ($64,577,527)

Adjusted Gross Income: $10,000 under $25,000

Number of tax returns [1] 109,456
Number of joint returns 22,699
Number of returns with paid preparer's signature 59,622
Number of exemptions 172,710
Number of dependents 27,308
Adjust gross income (AGI) [2] $1,880,114,149
Salaries and wages $1,438,338,754
Taxable interest $64,186,212
Ordinary dividends $38,527,439
Business or professional net income (less loss) $91,073,992
Net capital gain (less loss) $9,400,108
Taxable individual retirement arrangements distributions $42,181,824
Taxable pensions and annuities $187,848,349
Unemployment compensation [3] $27,795,610
Taxable Social Security benefits $7,475,543
Self-employment retirement plans $200,473
Total itemized deductions [4] $196,402,682
State and local income taxes $9,521,132
State and local general sales tax $67,242
Real estate taxes $18,116,796
Taxes paid $30,441,170
Mortgage interest paid $61,184,882
Contributions $14,660,156
Taxable income $569,305,212
Total tax credits [5] $7,617,616
Residential energy tax credit $0
Child tax credit $2,558,985
Child and dependent care credit $438,274
Earned income credit [6] $83,302,611
Excess earned income credit (refundable) [7] $74,288,349
Alternative minimum tax $49,493
Income tax [8] $53,618,478
Total tax liability [9] $73,623,504
Tax due at time of filing [10] $9,768,238
Overpayments refunded [11] ($182,942,965)

Adjusted Gross Income: $25,000 under $50,000

Number of tax returns [1] 106,945
Number of joint returns 42,914
Number of returns with paid preparer's signature 63,531
Number of exemptions 209,966
Number of dependents 33,546
Adjust gross income (AGI) [2] $3,855,294,576
Salaries and wages $2,967,502,936
Taxable interest $93,752,978
Ordinary dividends $56,283,895
Business or professional net income (less loss) $130,148,883
Net capital gain (less loss) $28,306,512
Taxable individual retirement arrangements distributions $74,370,313
Taxable pensions and annuities $351,274,114
Unemployment compensation [3] $40,906,380
Taxable Social Security benefits $105,719,599
Self-employment retirement plans $1,214,214
Total itemized deductions [4] $490,770,700
State and local income taxes $51,513,812
State and local general sales tax $226,953
Real estate taxes $47,821,242
Taxes paid $106,349,131
Mortgage interest paid $190,124,485
Contributions $43,294,790
Taxable income $2,026,648,233
Total tax credits [5] $34,595,037
Residential energy tax credit $27,224
Child tax credit $24,165,240
Child and dependent care credit $1,878,528
Earned income credit [6] $21,498,492
Excess earned income credit (refundable) [7] $16,769,968
Alternative minimum tax $78,781
Income tax [8] $213,554,062
Total tax liability [9] $244,903,619
Tax due at time of filing [10] $24,663,750
Overpayments refunded [11] ($190,658,565)

Adjusted Gross Income: $50,000 under $75,000

Number of tax returns [1] 61,593
Number of joint returns 43,426
Number of returns with paid preparer's signature 40,264
Number of exemptions 151,152
Number of dependents 24,554
Adjust gross income (AGI) [2] $3,787,255,767
Salaries and wages $2,815,930,804
Taxable interest $90,544,578
Ordinary dividends $58,727,525
Business or professional net income (less loss) $101,003,022
Net capital gain (less loss) $42,826,287
Taxable individual retirement arrangements distributions $78,326,820
Taxable pensions and annuities $344,563,009
Unemployment compensation [3] $19,090,935
Taxable Social Security benefits $160,287,580
Self-employment retirement plans $2,198,255
Total itemized deductions [4] $570,804,405
State and local income taxes $87,164,425
State and local general sales tax $157,042
Real estate taxes $56,225,197
Taxes paid $152,317,454
Mortgage interest paid $233,694,235
Contributions $57,300,598
Taxable income $2,376,764,411
Total tax credits [5] $41,287,074
Residential energy tax credit $0
Child tax credit $32,034,147
Child and dependent care credit $1,994,691
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $25,465
Income tax [8] $282,118,263
Total tax liability [9] $308,290,873
Tax due at time of filing [10] $31,887,781
Overpayments refunded [11] ($118,582,124)

Adjusted Gross Income: $75,000 under $100,000

Number of tax returns [1] 35,039
Number of joint returns 30,034
Number of returns with paid preparer's signature 23,527
Number of exemptions 95,080
Number of dependents 15,933
Adjust gross income (AGI) [2] $3,018,986,198
Salaries and wages $2,216,111,136
Taxable interest $66,450,331
Ordinary dividends $47,970,549
Business or professional net income (less loss) $75,804,795
Net capital gain (less loss) $51,137,064
Taxable individual retirement arrangements distributions $70,037,579
Taxable pensions and annuities $249,862,647
Unemployment compensation [3] $7,678,579
Taxable Social Security benefits $108,831,968
Self-employment retirement plans $1,987,511
Total itemized deductions [4] $487,564,866
State and local income taxes $96,198,220
State and local general sales tax $131,281
Real estate taxes $49,245,815
Taxes paid $153,982,555
Mortgage interest paid $197,933,974
Contributions $51,990,212
Taxable income $2,072,388,059
Total tax credits [5] $28,948,201
Residential energy tax credit $0
Child tax credit $21,463,247
Child and dependent care credit $1,303,042
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $25,884
Income tax [8] $265,508,261
Total tax liability [9] $285,317,268
Tax due at time of filing [10] $27,375,800
Overpayments refunded [11] ($77,795,398)

Adjusted Gross Income: $100,000 under $200,000

Number of tax returns [1] 30,403
Number of joint returns 26,937
Number of returns with paid preparer's signature 21,815
Number of exemptions 84,630
Number of dependents 14,178
Adjust gross income (AGI) [2] $4,009,707,685
Salaries and wages $2,588,810,871
Taxable interest $107,044,835
Ordinary dividends $94,530,085
Business or professional net income (less loss) $154,575,182
Net capital gain (less loss) $182,243,430
Taxable individual retirement arrangements distributions $101,018,023
Taxable pensions and annuities $258,472,157
Unemployment compensation [3] $3,285,548
Taxable Social Security benefits $98,488,437
Self-employment retirement plans $11,320,450
Total itemized deductions [4] $667,460,836
State and local income taxes $178,474,343
State and local general sales tax $27,190
Real estate taxes $68,092,693
Taxes paid $257,712,395
Mortgage interest paid $237,525,999
Contributions $89,156,317
Taxable income $2,986,349,243
Total tax credits [5] $16,163,152
Residential energy tax credit $26,521
Child tax credit $10,221,524
Child and dependent care credit $1,013,745
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $2,662,015
Income tax [8] $503,045,918
Total tax liability [9] $536,987,135
Tax due at time of filing [10] $74,665,599
Overpayments refunded [11] ($79,453,834)

[1] Includes returns with adjusted gross deficit.

[2] Less deficit.

[3] Includes the Alaskan permanent fund, reported by residents of Alaska on Forms 1040A and 1040EZ's. This fund only applies to statistics in the U.S. totals, and the state of Alaska.

[4] "Itemized deductions" include any amounts reported by the taxpayer, even if they could not be used in computing "taxable income," the base on which the regular income tax was computed. Thus, total itemized deductions include amounts that did not have to be reported by taxpayers with no "adjusted gross income." (Adjusted gross income is the total from which these deductions would normally be subtracted.) In addition, if standard and itemized deductions were both reported on a tax return, the form of deduction actually used in computing income tax was the one used for the statistics. Therefore, if the standard deduction was the form of deduction used, the total reported for itemized deductions was excluded from the statistics. However, the component deductions were not similarly excluded. As a result, the number of returns and related amounts for the component deductions are slightly overstated in relation to the grand total shown for itemized deductions. These components are also overstated in relation to the total because there was a statutory limitation on the total of itemized deductions that could be claimed by certain high-income taxpayers. This limitation did not affect the component deductions, the sum of which therefore exceeded the total used in computing income tax.

[5] "Total tax credits" excludes the "earned income credit" which is shown separately.

[6] "Earned income credit" includes both the refundable and non-refundable portions. The non-refundable portion could reduce income tax and certain related taxes to zero. The earned income credit amounts in excess of total tax liability, or amounts when there was no tax liability at all, were refundable. See footnote 7 below for explanation of the refundable portion of the earned income credit.

[7] The refundable portion of the "earned income credit" equals "total income tax" minus the "earned income credit". If the result is negative, this amount is considered the refundable portion.

[8] "Income tax" is in general, the same as "income tax after credits" which was redefined in Tax Year 2000 to include the "alternative minimum tax (AMT)". Zip Code table "Income tax" differs from "total income tax" (in other tables) in that the Zip Code table "Income tax" is after the subtraction of all tax credits except the earned income credit. See footnote 6 and 7 above, for an explanation of the treatment of the earned income credit. "Income tax" reflects the amount reported on the tax return and is, therefore, before any examination or enforcement activities by the Internal Revenue Service. It represents the tax filer reported income tax liability that was payable to the U.S. Department of the Treasury.

[9] For the Zip Code tables, "Total tax liability" differs from "Income tax," in that "Total tax liability" includes the taxes from recapture of certain prior-year credits, tax applicable to individual retirement arrangements (IRA's), Social Security taxes on self-employment income and on certain tip income, advanced earned income payments, household employment taxes, and certain "other taxes" listed in the Form 1040 instructions.

[10] Reflects payments to or withholdings made to "Total tax liability" (footnote 9). The amount the tax filer owes when the income tax return is filed.

[11] The amount of overpayments the tax filer requested to have refunded.


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