H.R. 3526

119th CONGRESS 1st Session

To amend the Internal Revenue Code of 1986 to increase the limitation on qualified first-time homebuyer distributions, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES · May 20, 2025 · Sponsor: Ms. Van Duyne · Committee: Committee on Ways and Means

Table of contents

• H.R. 3526
  • SEC. 1. Short title
  • SEC. 2. Increasing the limitation on qualified first-time homebuyer distributions

SEC. 1. Short title

• This Act may be cited as the Uplifting First-Time Homebuyers Act of 2025.

SEC. 2. Increasing the limitation on qualified first-time homebuyer distributions

• (a) In general
  • of the Internal Revenue Code of 1986 is amended by striking striking0,000and inserting $50,000. Section 72(t)(8)(B)(i)
• (b) Effective date
  • The amendment made by this Act shall apply to taxable years beginning after December 31, 2024.