First-time Homebuyer Savings Account Contribution Amounts Announced

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First-time Homebuyer Savings Account Contribution Amounts

The First-time Homebuyer Savings Account (FTHSA) annual deduction limits for contributions are now available for 2022. The program allows a taxpayer a deduction for a contribution to a designated savings account for certain first-time homebuyers.

 

 Tax Year

Filing: Married - Joint

Filing: Married - Separate, Single, Other

2022

$4,363

$2,181

 

The mission of the Iowa Department of Revenue is to serve Iowans and support state government by collecting all taxes required by law, but no more.