Ohio Homebuyer Plus Savings Account

Ohio Treasurer's Office

Open Home Repair

About This Program

Ohio Treasurer's enhanced savings account that provides a state income tax deduction of up to $5,000/year ($10,000 married) on contributions toward a home purchase. Lifetime max deduction of $25,000 per account. Family members can also contribute and deduct.

At 4% Ohio tax rate, $5,000 deduction saves ~$200/year in state taxes

Key Details

  • State tax deduction up to $5,000/year per person
  • $10,000/year for married couples; $25,000 lifetime cap
  • Family members can contribute and deduct too
  • Interest earned is also tax-deductible
  • Open at any participating Ohio bank or credit union

How to Apply

Visit Official Program Page Track this program

800-228-1102

Deadline: Ongoing, open account at participating bank or credit union

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