First-Time Homebuyer Savings
Save for your first home with confidence.
A First-Time Homebuyer Savings Account helps you set money aside with potential tax advantages, so you can move forward with confidence.
A good fit for
- Saving specifically for your first home purchase
- Taking advantage of potential tax-deductible contributions
- Building a dedicated fund for qualified homebuying expenses
- Planning ahead with a clear savings goal in mind
What to know before opening
- Contributions may be tax-deductible when used for qualifying expenses
- The beneficiary must be a first-time homebuyer
- Must not have owned a home (individually or jointly) in the past three years
- Additional eligibility requirements may apply
For more details:
Visit the Iowa Department of Revenue’s FTHSA page.
Please consult with your attorney or tax advisor for additional tax-related questions.
