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Montanans should know about one 2018 senior tax credit that could mean more money in your pocket, whether you need it to pay bills or just to spoil your grandchildren a little more. The Senior Homeowner/Renter Tax Credit is worth up to $1,000, and you can qualify for it even if you’re not required to file an income tax return.
It’s time to start thinking about Medicare open enrollment for 2019. Now is your opportunity to use Medicare’s Plan Finder to find a program that best meets your needs.
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.
A low-income subsidy program called Extra Help can assist seniors on a tight budget with paying for their premiums, deductible, and co-payments in their Medicare (Part D) prescription drug plan.