Open an Idaho First-Time Home Buyers Savings Account and
Smartly Save for Your First Home!
The Idaho First-Time Home Buyer Savings Account allows you to save up to $15,000 per year (single) up to $100,000 total, or $30,000 per year (married) up to $100,000 total — all of which may be deductible from your Idaho income taxes!
The account holder must:
Be an Idaho resident
Be a first-time home buyer
Have filed an Idaho income tax return for the most recent taxable year
*Account must be established by the first-time home buyer. $100 minimum deposit to open the account. If the funds are used for any other purpose than mortgage down-payment or closing costs, the regular tax that would have been due under the income tax code will apply. Consult your tax advisor.