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Get Matched Free →Kansas First-Time Home Buyer Savings Account
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.
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