Repealed Deductions

Several deductions are repealed, including:

Unemployment compensation

Tip income for certain service industry workers

Partial interest income deduction for taxpayers aged 65 or older

Partial pension, annuity, and IRA deduction

Health insurance premiums paid by an employer for an employee

Contributions to a Montana first-time homebuyer savings account

Deposits in a Montana farm and ranch risk management account

Dependent child’s income included in the taxpayer’s federal adjusted gross income

Student loan repayments for health care professionals and qualified educators

Partial retirement disability deduction for taxpayers under age 65

Workers’ compensation benefits