- Eligibility: An individual who has:
- Reached age 62 or older during the tax year.
- Resided in Montana for 9 months or more of the period.
- Occupied one or more dwellings in Montana as an owner, renter, or lessee for 6 months or more.
- Less than $45,000 of gross household income.
- Qualifications: An individual may qualify for the elderly homeowner/renter credit by owning or renting a residence. For property owners, the credit is computed on the amount of property tax assessed against your home. For renters, the credit is computed on the rent equivalent tax paid.
- Benefits: The credit may not exceed $1,000. If the amount of the credit exceeds the tax liability, the excess amount is refunded. The credit may be claimed even though the individual has no income tax filing responsibility.
- Form: 2EC
- Form: 2EC Self-calculating form
