Montana Paycheck Calculator
Calculate your take-home pay per paycheck for salary and hourly jobs after federal & Montana taxes
Updated for 2024 tax year on Jul 06, 2024
Calculate your paycheck in these states
How to calculate your Montana paycheck
Table of Contents
Overview of Montana
Montana has a population of over 1 million (2019). It is nicknamed the Treasure State due to its rich deposits of minerals, including gold, silver, copper, lead, zinc, coal, and oil.
Brief summary:
- the income tax rate ranges from 4.7% to 5.9%
- no state-level payroll tax
- has standard deduction and exemptions
Understanding your Montana paycheck
Understanding your Montana paycheck is vital for managing your finances. Your paycheck is affected by federal and state tax laws and various pre-tax and post-tax deductions. In this article, we’ll break down the critical components of a Montana paycheck.
Your Montana paycheck will have federal income taxes withheld based on the Internal Revenue Service (IRS) guidelines. The amount of federal tax withheld depends on your income, filing status, and allowances claimed on your Form W-4. In addition, you’ll also pay Social Security and Medicare taxes. These FICA taxes are split between you and your employer.
For self-employed, you will pay the full amount of FICA tax. This is known as the Self-Employment Contributions Act (SECA) tax.
When starting a new job, you must complete a Form W-4 to indicate your tax withholding preferences. Your employer will use this information to determine the correct federal income tax withholdings from your paycheck. Your pay frequency (weekly, biweekly, or monthly) will also impact the amount of tax withheld.
Your marital status affects your tax bracket and the taxes withheld from your paycheck. Married individuals filing jointly typically enjoy lower tax rates than single filers. Pre-tax deductions can also reduce your taxable income and lower your overall tax liability.
Montana levies a state income tax with rates ranging from 1% to 6.9%. This tax is withheld from your paycheck in addition to federal income taxes.
Montana has a state standard deduction, less than the federal amount. The state also allows the claiming of personal exemptions to reduce your tax liability.
After all applicable taxes have been withheld, post-tax deductions are taken from your paycheck. These deductions include contributions to Roth retirement accounts, life insurance premiums, or wage garnishments for debts or child support. Because these deductions are taken after taxes, they do not reduce your taxable income.
Calculate your Montana paycheck
Calculating your Montana state income tax is similar to the steps we listed on our main paycheck calculator page:
- Determine your gross income
- Annual salary
Annual salary = Gross income - Hourly wage
Hourly wage × Hours worked per day × Days worked per week × Weeks worked per year = Your weekly paycheck
- Annual salary
- Work out your total federal income tax
- Gross income adjusted
Gross income − Pre-tax deductions = Gross income adjusted - Federal taxable income
Gross income adjusted − Federal standard/itemized deductions = Federal taxable income - Federal income tax liability
Federal taxable income × Federal income tax rate = Federal income tax liability - Federal payroll tax liability
Gross income × Federal payroll tax rate = Federal payroll tax liability
- Gross income adjusted
- Calculate your total Montana state income tax
- Montana state taxable income
Gross income adjusted − (Montana state standard/itemized deductions + Montana state exemptions) = Montana state taxable income - Montana state income tax liability
Montana state taxable income × Montana state income tax rate = Montana state income tax liability
- Montana state taxable income
- Figure out your net pay
You need to account for any other deductions such as health insurance, 401(k) contribution, as well as additional withholdings.
Gross income − (Total income tax liability + Total payroll tax liability + Total pre-tax deductions + Total post-tax deductions + Total withholdings) = Your net pay - Divide your net pay by your pay frequency
- Daily
Your net pay / Days worked per week / Weeks worked per year = Your daily paycheck - Weekly
Your net pay / 52 = Your weekly paycheck - Bi-weekly
Your net pay / 26 = Your bi-weekly paycheck - Semi-monthly
Your net pay / 24 = Your semi-monthly paycheck - Monthly
Your net pay / 12 = Your monthly paycheck - Quarterly
Your net pay / 4 = Your quarterly paycheck - Semi-annual
Your net pay / 2 = Your semi-annual paycheck - Annual
Your net pay = Your annual paycheck
- Daily
State income tax brackets
Refer to Tax Foundation for more details.
| Tax year | Filing status | Taxable income | Rate |
|---|---|---|---|
| 2024 | Single Married, Filing Separately |
$0 - $20,500 | 4.7% |
| $20,500+ | 5.9% | ||
| Married, Filing Jointly or Widow(er) | $0 - $41,000 | 4.7% | |
| $41,000+ | 5.9% | ||
| Head of Household | $0 - $30,750 | 4.7% | |
| $30,750+ | 5.9% | ||
| 2023 | Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
$0 - $3,600 | 1% |
| $3,600 - $6,300 | 2% | ||
| $6,300 - $9,700 | 3% | ||
| $9,700 - $13,000 | 4% | ||
| $13,000 - $16,800 | 5% | ||
| $16,800 - $21,600 | 6% | ||
| $21,600+ | 6.75% | ||
| 2022 | Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
$0 – $3,300 | 1% |
| $3,300 - $5,800 | 2% | ||
| $5,800- $8,900 | 3% | ||
| $8,900 - $12,000 | 4% | ||
| $12,000 - $15,400 | 5% | ||
| $15,400 - $19,800 | 6% | ||
| $19,800+ | 6.75% | ||
| 2021 | Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
$0 – $3,100 | 1% |
| $3,100 – $5,500 | 2% | ||
| $5,500 - $8,400 | 3% | ||
| $8,400 - $11,400 | 4% | ||
| $11,400 - $14,600 | 5% | ||
| $14,600 - $18,800 | 6% | ||
| $18,800+ | 6.9% | ||
| 2020 | Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
$0 – $3,100 | 1% |
| $3,100 – $5,500 | 2% | ||
| $5,500 - $8,400 | 3% | ||
| $8,400 - $11,300 | 4% | ||
| $11,300 - $14,500 | 5% | ||
| $14,500 - $18,700 | 6% | ||
| $18,700+ | 6.9% |
State standard deduction
| Tax year | Filing status | Standard deduction amount | Minimum standard deduction | Maximum standard deduction |
|---|---|---|---|---|
| 2024 | Single Married, Filing Jointly Married, Filing Separately Head of Household |
$0 | $0 | $0 |
| 2023 | Single Married, Filing Separately |
20% of adjusted gross income | $2,460 | $5,540 |
| Married, Filing Jointly Head of Household |
$4,920 | $11,080 | ||
| 2022 | Single Married, Filing Separately |
20% of adjusted gross income | $2,260 | $5,090 |
| Married, Filing Jointly Head of Household |
$4,520 | $10,180 | ||
| 2021 | Single Married, Filing Separately |
20% of adjusted gross income | $2,140 | $4,830 |
| Married, Filing Jointly Head of Household |
$4,280 | $9,660 | ||
| 2020 | Single Married, Filing Separately |
20% of adjusted gross income | $2,130 | $4,790 |
| Married, Filing Jointly Head of Household |
$4,260 | $9,580 |
State exemptions
There are state-level exemptions for all types of filers and dependents. Refer to Tax Foundation for more details.
| Tax year | Filing status | Personal exemption amount |
|---|---|---|
| 2024 | Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
$0 |
| Dependent(s) | $0 | |
| 2023 | Single Married, Filing Separately Head of Household |
$2,960 |
| Married, Filing Jointly or Widow(er) | $5,920 | |
| Dependent(s) | $2,960 | |
| 2022 | Single Married, Filing Separately Head of Household |
$2,580 |
| Married, Filing Jointly or Widow(er) | $5,160 | |
| Dependent(s) | $2,580 | |
| 2021 | Single Married, Filing Separately Head of Household |
$2,560 |
| Married, Filing Jointly or Widow(er) | $5,120 | |
| Dependent(s) | $2,560 | |
| 2020 | Single Married, Filing Separately Head of Household |
$2,510 |
| Married, Filing Jointly or Widow(er) | $5,020 | |
| Dependent(s) | $2,510 |
FAQs
How to calculate take home pay in Montana?
Follow the steps listed below to work out your take-home pay:
- Determine your gross income
- Work out your total federal income tax
- Calculate your total Montana state income tax
- Gross income minus taxes, deductions and withholdings
- Divide your net pay by your pay frequency
How much will Montana tax paychecks in 2024?
Montana's state income tax only has two rates 4.7% and 6.75%.
How much is taken out of my paycheck in Montana?
Expect several deductions when you receive your Montana paychecks. The taxes withheld include federal income tax, state income tax, local income tax, Social Security and Medicare. Additionally, deductions for health insurance, retirement plans, and other benefits may be included.
What percentage of my paycheck goes to taxes in Montana?
The taxes on your paycheck include
- federal income tax (10% to 37%)
- state income tax (4.7% to 6.75%)
- Social Security (6.2%)
- Medicare (1.45% to 2.35%)