H.R.4717

First-Time Homebuyer Tax Credit Act of 2025 provides a refundable tax credit for first-time homebuyers.

The First-Time Homebuyer Tax Credit Act of 2025 amends the Internal Revenue Code to introduce a refundable tax credit for first-time homebuyers. This credit is equal to 10 percent of the purchase price of a principal residence in the United States. The credit is subject to certain limitations, including a dollar limitation of $15,000, a phaseout based on area median income, and a recapture period of four taxable years. The credit is not available to taxpayers who have owned a residence in the past three years or who have previously claimed the credit.