Montana updates rules for new withholding allowance form
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Friday, January 31, 2020

Montana updates rules for new withholding allowance form

By Payroll and Entitlements Editorial Staff

Montana has updated various personal income tax rules to include references to Form MW-4, the Montana Employee’s Withholding Allowance and Exemption Certificate. Among other changes, the update also removes references to military employee and spouse Form MSR, as well as Form MT-R, which was previously used in the state’s reciprocal tax agreement with North Dakota. The rules were also updated to differentiate for withholding agents those obligations that may involve tax-exempt interest from other types of obligations, like guarantees, that may give rise to taxable income. (MAR Notice 42-1001, Montana Department of Revenue, effective December 28, 2019.)

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