$1,350 Next Stimulus Check 2024: Eligibility, Amount, Payment Date & More

The Internal Revenue Service (IRS) is making significant efforts to ease the financial strain caused by the ongoing pandemic and the increasing living costs.

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Stimulus Check Disbursement

Stimulus check payments that were previously delayed until 2024 are now scheduled to be disbursed, aiming to assist numerous individuals affected by the recent surge in living expenses and job market slowdown.

Property Value Surge in Montana

Montana’s residential property values have seen a substantial 46% increase during the reassessment cycle, compared to a 27% rise for commercial properties, according to the Montana revenue department.

$1,350 Next Stimulus Check 2024: Eligibility, Amount, Payment Date & More

Montana Property Tax Rebate Bill

Governor Greg Gianforte, along with Representative Tom Welch, R-Dillon, has introduced a new bill, House Bill 222, proposing a Property Tax Rebate for Montana homeowners in 2024, providing a relief amount of up to $1,350 over the next two years.

Long-term Property Tax Relief Advocacy

While the property tax rebate aims to support homeowners over the next two years, Governor Gianforte advocates for permanent reforms to offer substantial and lasting property tax relief.

Claiming the Tax Rebate

Homeowners in Montana can claim the property tax rebate starting from August 15, 2024, with a deadline for filing the claim set for October 1, 2024.

Eligibility for Montana Property Tax Rebate

The Montana Property Tax Rebate allows eligible taxpayers who have owned and lived in their home for at least seven months during the relevant year and paid the associated taxes to claim a maximum rebate of $1,350 for two years.

Application Process for Tax Rebate

Qualified beneficiaries can complete the application form between August 15, 2024, and October 1, 2024, on the Department of Revenue’s official website, enabling them to alleviate the tax burden on their assets.

Legislation for Permanent Property Tax Reduction

Governor Greg Gianforte has signed new legislation to provide homeowners with property tax reimbursements amounting to up to $1,350 over the next two years, ensuring permanent property tax reduction for Montana homeowners.

Task Committee on Property Taxes

Governor Greg Gianforte established a task committee on property taxes to propose reform recommendations aimed at maintaining property taxes as low as possible and preventing homeowners from being compelled to sell their long-standing houses due to escalating property taxes.

Executive Order for Property Tax Reform

Through an executive order, the governor formed the task group, directing it to propose property tax reform recommendations for the legislature to consider and potentially enact into law to mitigate the rise in property taxes.

FAQs

What is the purpose of the Montana Property Tax Rebate?

The purpose of the Montana Property Tax Rebate is to offer financial relief to homeowners by providing a maximum rebate of $1,350 over the next two years.

How can homeowners claim the property tax rebate?

Homeowners can claim the property tax rebate starting from August 15, 2024, with a deadline for filing the claim set for October 1, 2024, by completing the application form on the Department of Revenue’s official website.

What is the initiative taken by Governor Greg Gianforte to address property tax concerns?

Governor Greg Gianforte has established a task committee on property taxes to propose reform recommendations and maintain property taxes as low as possible to prevent homeowners from being burdened by escalating property taxes.

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