Ohio Homebuyer Plus Savings Account

About This Program

Tax-advantaged savings accounts for future homebuyers earning 6.00% APY on deposits up to $24,999. Contributors can deduct up to $5,000/year ($10,000 married) from Ohio adjusted gross income. Lifetime max deduction of $25,000 per account.

On $10,000 saved: $600/year interest + ~$200 tax savings

Key Details

• 6.00% APY on balances $500-$24,999
• Deduct up to $5,000/year from Ohio income ($10,000 married)
• Lifetime max deduction $25,000 per account
• Must use funds for home purchase
• Family members can contribute and take deduction

How to Apply

Deadline: Ongoing