OR-HOME: Form OR-HOME, Oregon First-time Home Buyer Savings Account Designation (Revision 2024-11)
Oregon · Oregon DOR · Used for tax years 2024, 2025, 2026
Form OR-HOME designates an account at a financial institution as an Oregon first-time home buyer savings account. It records account holder and account information and can designate a beneficiary other than the account holder(s). Keep this form with your tax records; don’t file i
Who files this form
Use Form OR-HOME to designate an account at a financial institution as an Oregon first-time home buyer savings account (FTHBSA).
Complete Part 2 only if you are naming someone other than the account holder or holders as the beneficiary.
Keep the form with your tax records. Do not file it with your Oregon return.
What you'll need
Have these details ready to complete the form:
- Each account holder’s name and Social Security number (SSN).
- Whether the account has one holder or is jointly held by spouses filing a joint income tax return.
- The financial institution’s name, account number, and account designation date.
- If naming another person as beneficiary: their name, SSN, date of birth, address, and beneficiary designation date.
The form requires the account holder’s signature and date, the joint account holder’s signature and date if applicable, and the designated beneficiary’s signature and date when completing Part 2.
Keep the form and all required documentation with your tax records. The form does not specify what additional documentation is required.
How to file
Do not file Form OR-HOME with your Oregon return. Keep it and all required documentation with your tax records.
Use Part 1 to designate the financial account. Complete Part 2 only when naming a beneficiary other than the account holder or holders. Sign and date the applicable signature lines.
Common mistakes
- Sending the form with your Oregon return. Keep it with your tax records instead.
- Completing Part 2 when the account holder is the beneficiary. Complete this part only to name someone other than the account holder or holders.
- Holding more than one FTHBSA at the same time. You and your spouse, if the account is jointly held, may hold only one FTHBSA at a time during any calendar year.
- Naming someone who is already a beneficiary of another FTHBSA. An individual may be the beneficiary of only one FTHBSA at a time during any calendar year.
- Ignoring the preparation reminders. Use uppercase letters and blue or black ink. Print at actual size (100%). Do not submit photocopies or use staples.
Questions people ask
Can spouses jointly hold the account?
Yes. The form includes an option for an account jointly held by spouses filing a joint income tax return.
Do I complete Part 2 if I am the beneficiary?
No. Complete Part 2 only if you are naming someone other than the account holder or holders as the beneficiary.
What does a designated beneficiary certify by signing?
The beneficiary declares under penalty of false swearing that they are not the qualified beneficiary of any other FTHBSA and are not the account holder of any FTHBSA.
Where can I find more about qualifying home purchases and beneficiaries?
The form directs you to the Form OR-HOME Instructions for information about qualifying home purchases, qualifying beneficiaries, and other requirements.