Raises the dollar limit for penalty-free "qualified first-time homebuyer" distributions from retirement accounts to $50,000. The change amends the Internal Revenue Code and applies to taxable years beginning after December 31, 2024.

This allows eligible individuals to withdraw up to $50,000 from certain retirement accounts for a first home purchase without paying the usual 10% early withdrawal penalty, potentially making more funds available for home purchases but also increasing the risk of reduced retirement savings for some people.