Montana Has a Tax Friendly Climate for RetirementMontana has a friendly tax climate for retirement. One reason is that Montana has no sales tax. Bottom line, as a retiree you will probably be better off tax-wise retiring in Montana than most other states. For more information go to Montana Department of Revenue |
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Overall Tax BurdenMontana's state tax burden is quite low as compared to the rest of the U.S. - 40th overall according to The Tax Foundation. That organization estimates its total tax burden at 8.6% of income. |
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Income TaxMontana has a maximum tax rates at 6.9%. There are 7 brackets with the top one kicking in at an income level of $15,600. |
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PensionsSmall amounts of pension income and social security payments are not taxed - some income restrictions apply. |
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Property TaxMontana property taxes are about average for the U.S. They are collected at both the state and local level. |
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Sales TaxMontana does not have a sales tax. Gasoline and cigarette taxes are some of the highest in the nation. |
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