>>Federal Tax Reform UPDATE<<
Take advantage of the Arizona tax deduction based on contributions to the Bank Plan! Arizona taxpayers are now eligible for a new incentive effective September 29, 2021, pursuant to Arizona Laws 2021, Chapter 395, Sec. 1.43-1022.
Montana taxpayers are entitled to a $3,000 deduction to gross income per taxpayer, or $6,000 for those married, filing jointly based on contributions to the Montana Family Education Savings Program—Bank Plan. Funds are subject to recapture if withdrawn from the Program within three years.
NexBank and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
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