A Living Legacy With a Tax Benefit
Resources
February 24, 2023
Download Resources (PDF)
- Save Montana Income Taxes with a Charitable Gift Annuity: A Legacy Qualifying for
the Montana Endowment Tax Credit (METC)
MSU Extension MontGuide
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Explains how charitable gift annuities could be used to meet both the altruistic and tax savings goals of Montanans. - Income Tax Impact While Selling, Gifting, or Leaving Property as an Inheritance
MSU Extension MontGuide
(PDF Version) (HTML Version-ADA Accessible) [Order Online]
Before reaching a decision to sell, give, or leave property as an inheritance, owners should become aware of the income tax concepts of basis, adjusted basis, stepped-up basis on inherited property and the carryover basis on property the owner gifts during lifetime. This MontGuide will expand on the above concepts and illustrate the potential tax consequences. - Montana Medical Care Savings Accounts (MSAs) for the 2022-2023 Tax Years
(MSU Extension MontGuide)
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A Medical Care Savings Account (MSA) can provide a deduction from Montana state income tax. This MontGuide explains who is eligible, what expenses are allowed, and how to set up an MSA. - IRS Publication 502: Medical and Dental Expenses
https://www.irs.gov/pub/irs-pdf/p502.pdf - Leave a Legacy (Montana State University Alumni Foundation)
https://plannedgiving.msuaf.org - Montana Endowment Tax Credit (Montana Community Foundation)
https://mtcf.org/giving/montana-endowment-tax-credit
Estate Planning Website
For further information, visit the Estate Planning website at www.montana.edu/estateplanning.
This website provides current information about estate planning for Montanans who
are interested in learning by attending webinars, in-person workshops, viewing MSU
Extension MontGuides and other bulletins, and other information.