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119-hr-3526Committee
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Uplifting First-Time Homebuyers Act of 2025

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Summary

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This bill amends the Internal Revenue Code to increase the maximum amount that first-time homebuyers can withdraw from individual retirement accounts (IRAs) without penalty from $10,000 to $50,000. The change applies to taxable years beginning after December 31, 2024.

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Bill details

Congress
119
Bill type
hr
Introduced
May 20, 2025
Sponsor
Beth Van DuyneRTX
Cosponsors
56
Last action
May 20, 2025— Referred to the House Committee on Ways and Means.

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