United StatesHouse Bill 3526HR 3526
Uplifting First-Time Homebuyers Act of 2025
Taxation
2 pages
- house
- senate
- president
Last progress May 20, 2025 (6 months ago)
Introduced on May 20, 2025 by Beth Van Duyne
Sponsors (40)
House Votes
Pending Committee
May 20, 2025 (6 months ago)Referred to the House Committee on Ways and Means.
Senate Votes
Vote Data Not Available
Presidential Signature
Signature Data Not Available
AI Summary
This measure raises the limit on how much someone can take out under the “first-time homebuyer distribution” rule to $50,000. It’s meant to let people buying their first home use more of this special withdrawal to help with costs.
The change would start for tax years beginning after December 31, 2024.
- Who is affected: People who qualify as first-time homebuyers
- What changes: The cap on these distributions increases to $50,000
- When it starts: For tax years beginning after December 31, 2024
Text Versions
Text as it was Introduced in House
ViewMay 20, 2025•2 pages
Amendments
No Amendments