*Subtraction contribution limits are set by the Oregon Department of Revenue, currently not to exceed $5,000 for an account holder that files an individual tax return and $10,000 for joint account holders that file a joint return and subject to change by the Oregon Department of Revenue. Account holder must be an Oregon resident and home purchsae must be in Oregon. Deposits to an Oregon First-Time Home Buyer Savings Account can be made up to 10 years or until the account holder(s) purchase a house, whatever comes first. There is a maximum subtraction of $50,000. Please consult your tax advisor or the Oregon Department of Revenue (HB 4007) for a complete list of rules governing this account and the qualification that determine the applicable tax deductions. The credit union is not responsible or liable for: (a) Determining or ensuring that an account satisfies the requirement to be a First-Time Home Buyer Savings account; (b) Determining or ensuring that the funds in a First-Time Home Buyer Savings account are used for eligible costs; (c) Reporting or remitting taxes or penalties related to the use of a First-time Home Buyer Savings account.