MSU Extension: Use an MSA as a Holiday Gift & Legacy

This is one in a series of articles focusing on estate and legacy planning. The authors are Kaleena Miller, Madison-Jefferson County Extension Agent, kaleena.miller1@montana.edu, and Marsha Goetting, MSU Extension Family Economics Specialist, marsha.goetting@montana.edu.

Montanans can open a Medical Care Savings Account (MSA) or make deposits into existing MSAs before Dec. 31 and reduce their state income taxes for 2023, according to Marsha Goetting, MSU Extension family economics specialist. MSA account holders may deposit up to $4,500 to use for eligible medical and long-term healthcare expe...