Bill · H.R. 3526· House(119-HR-3526)

Uplifting First-Time Homebuyers Act of 2025

Age: 56 years

Texas

Introduced: 5/20/2025
Last activity: 5/20/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Beth Van Duyne
Cosponsors: - 17 - 45

Taxation

Introduced
In Committee

What this bill would do

This bill, known as the "Uplifting First-Time Homebuyers Act of 2025," aims to amend the Internal Revenue Code of 1986. The primary purpose is to increase the limitation on qualified first-time homebuyer distributions. Specifically, it proposes to raise the amount from $10,000 to $50,000. These changes would apply to taxable years beginning after December 31, 2024.

Yes· 3 of 8

Does this cut taxes for middle-income families?+5
The bill allows for larger penalty-free distributions for home purchases, effectively increasing disposable income for middle-class first-time buyers.
Does this make housing cost less?+5
By easing the process of accessing funds for down payments, it improves overall housing affordability for first-time buyers.
Would people in their twenties and thirties be better off under this?+4
Young adults are a primary demographic for first-time homebuyers and will benefit significantly from increased fund access.