Finance
What is the Nevada First-Time Homebuyer Savings Account program?
AA state savings account earning premium interest rates
BA Nevada tax-advantaged savings account program allowing first-time buyers to save for a down payment with state tax deductions on contributions✓ Correct
CA federal program managed by the Nevada Housing Division
DA savings account program from a private Nevada bank
Explanation
Nevada enacted a First-Time Home Buyer Savings Account program allowing individuals to establish designated savings accounts for down payments and closing costs on a first home. Contributors may deduct contributions on Nevada business taxes (Nevada has no individual income tax), and interest earned is tax-free.
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