H.R.3526

Uplifting First-Time Homebuyers Act of 2025

Introduced·5/20/25

Increases the limit on tax-free withdrawals from retirement accounts for first-time homebuyers to $50,000.

The Uplifting First-Time Homebuyers Act of 2025 amends the Internal Revenue Code to raise the cap on tax-free withdrawals from retirement accounts for first-time homebuyers from $10,000 to $50,000. This change aims to assist first-time homebuyers by providing them with more financial resources to purchase a home. The amendment will apply to taxable years beginning after December 31, 2024.

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  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Ways And Means Committee
Next
Committee decision

Sponsors

Democratic CaucusRepublican Caucus

History

May 20, 2025

House

Introduced in House

May 20, 2025

House

Referred to the House Committee on Ways and Means.