Montana 2013: Pensions
Montana taxpayers may qualify for a partial pension exemption up to $3,900 depending on the adjusted gross income on their Montana tax return.
Certain Montana customers, who had a taxable pension, may have filed an incorrect Montana tax return.
TurboTax has fixed this issue.
How to tell if you may be impacted
You may be affected if all of the following apply to you:
- You filed your Montana state tax return prior to April 30, 2014 AND
- Your federal return includes taxable pension on form 1040 line 16b (or form 1040A line 12b) or a taxable IRA on form 1040 line 15b, (or form 1040A, line 11b) AND
- Your federal adjusted gross income on Montana Form 2, line 38a is greater than $35,750, but less $36,380 for filing status of MFJ (for all other filing statuses, greater than $33,835 but less than $34,430) AND
- Montana form 2, Schedule II (subtractions from federal adjusted gross income), line 11 for pension exemption is blank.
If you are affected, you may have overpaid your state tax. You may need to amend your Montana return.
To amend your return:
- Follow these step-by-step instructions.
- After you make the changes to your tax return, you will need to mail a copy of your amended state return.
- Your printed return will include instructions on how and where to mail it.
If you need to contact us, please use the phone number in the email from TurboTax and tell the representative you’re calling about the Montana 2013: Pensions