Establishes a housing affordability credit for eligible individuals purchasing a principal residence.
The Make American Housing Affordable (MAHA) Act of 2026 amends the Internal Revenue Code to introduce a new housing affordability credit. This credit allows eligible individuals who purchase a principal residence during the taxable year to claim a credit of $5,000, or $10,000 for joint returns. The credit phases out for individuals with a modified adjusted gross income exceeding $250,000, or $500,000 for joint returns. The credit is applicable to taxable years beginning after the enactment of this Act.
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