Uplifting First-Time Homebuyers Act of 2025

H.R. 3526 · 119th Congress · May 20, 2025 · Lineage

A BILL

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

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

(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.