Governor Mike Parson pushed forward with new legislation on July 13, 2018, targeting Americans who are in the stages of purchasing their first home. Available in January of 2019, the First-time Homebuyer Savings Account Act will provide state income tax deductions to individuals who utilize a savings account dedicated to storing funds specifically for a first home.
Use this guide to the First-time Homebuyer Savings Account Act to ensure to you make the most of this legislation as you start saving to buy your first home!
Stop by any Central Bank location to open your First-Time Homebuyer Savings Account Act or open your account online! Simply choose SaveUp Savings as your account type and enter the offer code SAV4HOME.