Montana’s withholding guide was updated as a number of changes to the state income tax take effect Jan. 1, 2024, including a reduction to three tax brackets, the state revenue department said Nov. 16.
The new guide uses a percentage method with tax brackets of zero, 4.7%, and 5.9%, instead of four tax brackets with rates ranging from 1.8% to 6.6%.
Determining whether percentage method or wage-bracket table must be used now depends on an employee’s federal filing status and pay period. Changes to Montana’s income tax in 2024 require individuals to use the same filing status they use for ...
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