HELENA, Mont. (NMB) – For the first time in state history, an Earned Income Tax Credit is available for working Montanans.
This year, 75,000 low and middle-income families may receive these tax incentives upon approval.
This credit is expected to save those who qualify an average of $200. Montana is the 29th state to offer these tax credits.
At a press conference, Governor Steve Bullock said, “in addition to lifting families out of poverty, the tax credit gets dollars invested in communities across the state to support local economies.”
Eligibility for ECIT is determined by the IRS.
This credit is refundable, so those that don’t owe taxes can still earn the credit.