December 5, 2018
Open a Montana Medical Savings Account before Dec. 31 and save about $242 on your 2018 Montana Income Taxes
Have you had any medical expenses so far this this year that weren’t covered by your health insurance policy, a flexible spending account (FSA) or your Federal Health Care Savings Account (HSA)? If so, you can still open a Montana Medical Care Savings Account (MSA) by Dec. 31 and cover those expenses. If you deposit up to $3,500, (the maximum in 2018) you can reduce your Montana adjusted gross income by that amount. Doing so will result in a tax savings of about $242 that is, if...