Ohio Homebuyer Plus Savings Account

Ohio Treasurer's Office

Open Home Repair

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

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