The fiduciary files and pays income tax on behalf of the estate or trust.
2018 Tax Rates
Montana Estate and Trusts pay taxes based on income:
|If your taxable income is more than||But not more than||Your tax rate is||Minus|
|$0||$3,000||1% of your taxable income||$0|
|$3,000||$5,200||2% of your taxable income||$30|
|$5,200||$8,000||3% of your taxable income||$82|
|$8,000||$10,800||4% of your taxable income||$162|
|$10,800||$13,900||5% of your taxable income||$270|
|$13,900||$17,900||6% of your taxable income||$409|
|$17,900||6.9% of your taxable income||$570|
Due Dates and Estimated Payments
- Calendar Year
- April 15
- Fiscal Year
- The 15th Day of the 4th month following the tax year end
Example: If your fiscal year ends on June 30, your payment is due on October 15.
A fiduciary makes estimated payments if it the estate or trust expects to owe at least $500 in the current tax year or owed at least $500 in the previous tax year.
Estimated Payment Due Dates
Estimated payments are due on the 15th of the month following the end of the calendar quarter:
- First Quarter
- April 15
- Second Quarter
- June 15
- Third Quarter
- September 15
- Fourth Quarter
- January 15
Payments made with an extension do not count as estimated payments and will be subject to penalties and interest.
Estimated Payment Amounts
An estate or trust’s estimated payments must be whichever is smaller between
- 90% of the current year’s total tax liability, or
- 100% of the previous year’s total tax liability
If an estate or trust’s estimated payments do not meet the requirements, the tax will be subject to penalties and interest.
Filing and Payment Options
Report annually using the Montana Income Tax Return for Estates and Trusts (Form FID-3).
Filing options include:
- E-file with an approved software
- Mail Form FID-3 to the address listed on the form.
Payment options include:
- TransAction Portal (TAP)
- ACH Credit Payments
- Send a check along with your Montana Estate or Trust Tax Payment Voucher (Form FID).