Ohio First-Time Homebuyer Savings Account

State of Ohio

Available Down Payment

About This Program

Allows first-time homebuyers to deduct contributions (up to $5,000 individual, $10,000 joint) to a designated savings account from Ohio taxable income. Funds must be used for down payment and closing costs within 15 years.

Tax savings based on contributions deducted from Ohio income tax

Key Details

  • Deduct up to $5,000/year ($10,000 joint) from state taxes
  • Savings must be used for home purchase costs
  • Account must be used within 15 years
  • For first-time homebuyers in Ohio
  • Open account through participating financial institutions

How to Apply

Get free help applying Visit Official Program Page Track this program

(800) 282-1780

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Deadline: Ongoing program

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