Missourians Can Now Get Tax Deduction For A Home Down Payment!

At the start of this year, the Missouri First-Time Homebuyer Savings Account program went info effect making it easier for first-time home buyers to prepare to buy a home.  This program provides for tax-deductible savings acounts for first-time homebuyers making it easier for homebuyers to save for a down payment by giving them a tax decution for the amount they save.  People wanting to save for a home can contribute up to $3,200 per year for married couples and $1,600 for all others.  Homebuyers participating in this program will be entitled to a tax deduction on their Missouri Income tax return equal to 50% of the amount they contributed to their first-time homebuyer savings account.

Find out more at HomeBuyerSavingsAccount.com

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