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Kansas First-Time Home Buyer Savings Account

Administered by:
Kansas State Treasurer / Kansas Department of Revenue
· State · Tax Credit
Funding status: Active

How much assistance

State income tax deduction up to $3,000 individual / $6,000 joint per year (lifetime cap $24,000 / $48,000)
Not a forgivable loan. Account contributions are deductible from Kansas adjusted gross income; earnings are exempt from KS state income tax when used for eligible home-buying expenses.

Eligibility

  • Income limits: No income limits to open or contribute. Account holder must be a Kansas state income taxpayer.
  • First-time buyer required: Yes — Designated beneficiary must be a first-time home buyer (has not owned or purchased a single-family residence individually or jointly in Kansas).
  • Geographic restrictions: Funds must be used to purchase a single-family residence in Kansas.
  • Homebuyer education required: No

How to Apply for Kansas First-Time Home Buyer Savings Account

Open a savings account at any participating financial institution and designate it as a First-Time Home Buyer Account by filing Schedule FTHB with your Kansas income tax return. Contribute up to the annual limit and claim the deduction.

Learn More About Homebuying in Kansas

Cities Where This Program Is Available (16 cities across 1 state)

Available Statewide In