119-HR3526
Uplifting First-Time Homebuyers Act of 2025
Last action was on 5-20-2025
SenateCurrent status is Referred to the House Committee on Ways and Means.
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119th CONGRESS
1st Session
H. R. 3526
1. Short title2. Increasing the limitation on qualified first-time homebuyer distributions1. Short title
This Act may be cited as the "Uplifting First-Time Homebuyers Act of 2025".
2. Increasing the limitation on qualified first-time homebuyer distributions
(a) In general - Section 72(t)(8)(B)(i) of the Internal Revenue Code of 1986 is amended by striking "$10,000" and inserting "$50,000".
(b) Effective date - The amendment made by this Act shall apply to taxable years beginning after December 31, 2024.