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 increase the limit on tax-free withdrawals from retirement accounts for first-time homebuyers from $10,000 to $50,000. This change applies to taxable years beginning after December 31, 2024.
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