BOZEMAN — Montanans can open a medical care savings account at a local bank or credit union or make deposits into existing MSAs before Dec. 31 to reduce their state income taxes for 2025, according to Marsha Goetting, Montana State University Extension family economics specialist. The amount used to reduce income tax for Montana residents is the total amount deposited in an MSA during the tax year, not the amount withdrawn for eligible medical care expenses between January and December of the tax year.
Medical care savings account holders may deposit up to $4,600 to use for paid eligible medic...