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New Startup Foyer Helps First-Time Homebuyers With Savings Program

The "401(k) for homeownership" helps first-time buyers achieve their goals on the way to homeownership with 4.51 percent APY high-yield savings accounts, as well as educational tools and matching opportunities with agents and lenders. ....

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Iowa deadlines for first-time homebuyer savings and educational savings plans extended to May 30

Iowa deadlines for first-time homebuyer savings and educational savings plans extended to May 30
Mary Stroka, The Center Square
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Owners of Iowa Educational Savings (529) Plans and First-Time Homebuyer Savings Accounts now have until May 30 to take action on their respective accounts for the 2020 tax year.
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Prior to the extension, taxpayers could deduct qualifying contributions they made to their Iowa Educational Savings (529) Plans between Jan. 1 and April 30 on their 2020 Iowa income tax returns up until April 30, the typical annual deadline, rather than having to wait until they file 2021’s returns, the Iowa Department of Revenue announced May 4. ....

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Iowa Extends Additional Deadlines: FTHSA & 529 Plan – Mix 107.3 KIOW

AJ Taylor5 hours agoLast Updated: May 4, 2021
Governor Reynolds signed a proclamation on April 30, 2021, that provides an extension to owners of First-Time Homebuyer Savings Accounts to make required account and beneficiary designations. The proclamation also extends the time that owners of Iowa Educational Savings (529) Plans may make contributions to their accounts that may be considered made in tax year 2020. The proclamation extends both deadlines to May 30, 2021. The due date for filing 2020 Iowa individual income tax returns remains June 1, 2021 under Order 2021-01 issued by Director Paulsen on March 29, 2021. Specifics of the extensions are below.
First-Time Homebuyer Savings Accounts
Eligible taxpayers who opened an interest-bearing savings account in calendar year 2020 and who wish to participate in the first-time homebuyer savings account program normally must complete and file an Account Holder and Designated Beneficiary Form 41-162, no later than Apr ....

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