S 2867 · 119th Congress

Uplifting First-Time Homebuyers Act of 2025

This bill makes it easier for first-time homebuyers to access their retirement savings to purchase a home. Currently, people can withdraw up to $10,000 from their retirement accounts (like IRAs) without penalty to buy their first home. This bill increases that limit to $50,000, giving first-time buyers a much larger…

Sponsor

Gallego, Ruben (D-Arizona)

Introduced

2025-09-18

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.