Ohio Homebuyer Plus Savings Account

About This Program

State-backed enhanced savings account for prospective homebuyers. Contributions up to $5,000/person ($10,000/couple) per year are deductible from Ohio income tax, with a $25,000 lifetime max per contributor. Participating banks offer enhanced interest rates.

Any Ohio resident saving for a home, open at participating bank/credit union

Key Details

• Up to $5,000/person deducted from Ohio income tax
• $10,000/year for married couples filing jointly
• $25,000 lifetime maximum deduction per contributor
• Enhanced interest rates at participating banks
• Family members can contribute and claim deduction

How to Apply

Deadline: Ongoing enrollment