H.R.8221

First-Time Homebuyer Savings Act of 2026

Introduced·4/9/26

Establishes first-time homebuyer savings accounts to help eligible individuals pay for home expenses.

The bill amends the Internal Revenue Code to create first-time homebuyer savings accounts. These accounts allow eligible individuals to save money for home expenses. Contributions are limited to $10,000 per year. Distributions used for qualified homebuyer expenses are tax-free. The accounts cease to be tax-exempt if they are not used within three years of acquiring a principal residence. The Secretary of the Treasury must publish the estimated national average price of a single family home annually.

The filed bill text is too short for analysis.

Where it stands

Current
Ways And Means Committee
Next
Committee decision

Sponsors

0
1
Democratic CaucusRepublican Caucus

History

Apr 9

House

Introduced in House

Apr 9

House

Referred to the House Committee on Ways and Means.