Uplifting First-Time Homebuyers Act of 2025

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