Montana is one of the most tax-friendly states for seniors, offering a favorable financial environment. The absence of a state sales tax and a maximum limit of 6.75% on state income taxes contribute to this senior-friendly atmosphere. Furthermore, Montana exempts certain portions of retirement income, including Social Security, from taxation. Moreover, individuals can deduct their federal tax payments on their Montana state tax returns.
For senior care in Montana, various options are available to cater to different needs. These include in-home care, home health care, adult day health care, assisted living, and nursing homes. The 2021 Genworth Cost of Care Survey indicates that Montana’s average monthly cost of in-home care is around $5,339. In-home care is tailored for seniors who prefer to age gracefully within their residences.
Read “Your Guide to Home Care in Montana” and get tips to comply with the state laws and regulations and stay on top of any new trends or best practices.
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