15-62-207. Deductions for contributions. An individual who contributes to one or more accounts in a tax year is entitled to reduce the individual’s adjusted gross income, in accordance with 15-30-2120, by the total amount of the contributions, but not more than $3,000. The contribution must be made to an account owned by the contributor, the contributor’s spouse, or the contributor’s child or stepchild if the contributor’s child or stepchild is a Montana resident.