Administrative Rules of Montana
Department 42 - REVENUE
Chapter 42.15 - INCOME TAX
Subchapter 42.15.2 - Montana Additions and Subtractions
Rule 42.15.222 - RAILROAD RETIREMENT AND SOCIAL SECURITY BENEFIT EXCLUSION
Current through Register Vol. 6, March 22, 2024
(1) Retirement benefits paid by the Railroad Retirement Board are exempt from Montana income tax.
(2) The taxable and excludable portions of social security benefits are determined in the same manner as determined for federal income tax purposes except that federal modified adjusted gross income must be modified as provided in (3) to determine Montana modified adjusted gross income, and Montana modified adjusted gross income must be used to determine the extent to which modified adjusted gross income exceeds the federal base and adjusted base amounts.
(3) Federal modified adjusted gross income, determined as provided in section 86 of the IRC, must be:
15-30-2620, MCA; IMP, 15-30-2110, MCA;