Money Matters

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Open A Montana Medical Savings Account Before Dec. 31 for 2018 Tax Savings

Have you had any medical expenses so far this year that haven’t been covered by your health insurance policy or a flexible spending account (FSA)? If you establish an MSA and deposit up to $3,500, (the maximum in 2018), that amount is used to reduce your 2018 Montana adjusted gross income, thus reducing your state taxes.