A Catastrophe Savings Account (CSA) is a tax-advantaged regular savings or money market account. It must be established by a Mississippi Income taxpayer to assist with post-catastrophe losses or to self-insure all or a portion of one’s home.
Contributions and distributions are excluded from Mississippi Taxable Income.1
Funds can be used to pay insurance deductibles, catastrophic event damages to your home, and/or self-insured losses to your primary residence home.2
Deposit up to a maximum of $15,000.00, based on your qualified insurance deductible.3
Self-Insured Homeowners can deposit up to a maximum of $350,000.00 based on the value of their home.3
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
