American Dream Accounts Act of 2026 creates tax-advantaged accounts for first-time homebuyers.

The American Dream Accounts Act of 2026 amends the Internal Revenue Code to establish American dream accounts, tax-advantaged accounts for first-time homebuyers. These accounts allow eligible individuals to contribute up to $7,500 annually, or $10,000 for those aged 35 and older, with a lifetime limit of $250,000. Distributions from these accounts used for a qualified first-time homebuyer purchase are tax-free, with a lifetime limit of $500,000 for individual accounts and $250,000 for joint accounts.

American Dream Accounts Act of 2026 creates tax-advantaged accounts for first-time homebuyers.

The American Dream Accounts Act of 2026 amends the Internal Revenue Code to establish American dream accounts, tax-advantaged accounts for first-time homebuyers. These accounts allow eligible individuals to contribute up to $7,500 annually, or $10,000 for those aged 35 and older, with a lifetime limit of $250,000. Distributions from these accounts used for a qualified first-time homebuyer purchase are tax-free, with a lifetime limit of $500,000 for individual accounts and $250,000 for joint accounts.