Uplifting First-Time Homebuyers Act of 2025
Sponsored By: Representative Van Duyne
Introduced
Summary
Raises the cap on qualified first-time homebuyer distributions to $50,000. This bill would amend Section 72(t)(8)(B)(i) of the Internal Revenue Code to replace the current $10,000 limit with a $50,000 limit for qualified first-time homebuyer distributions. The change would apply to taxable years beginning after December 31, 2024. That would let eligible first-time buyers access larger qualified withdrawals to help pay for a first home.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Bigger retirement withdrawal for first home
If enacted, you could take up to $50,000 as an early withdrawal from a retirement account to buy your first home. Today the cap is $10,000. You must qualify as a first-time homebuyer and have an eligible account. The change would apply to tax years starting after December 31, 2024.
Sponsors & CoSponsors
Sponsor
Van Duyne
TX • R
Cosponsors
Brownley
CA • D
Sponsored 6/4/2025
Del. Moylan, James C. [R-GU-At Large]
GU • R
Sponsored 6/4/2025
Cuellar
TX • D
Sponsored 6/5/2025
Suozzi
NY • D
Sponsored 6/5/2025
Hunt
TX • R
Sponsored 6/9/2025
Neguse
CO • D
Sponsored 6/9/2025
Green, Al (TX)
TX • D
Sponsored 6/9/2025
Gill (TX)
TX • R
Sponsored 6/9/2025
Van Drew
NJ • R
Sponsored 6/10/2025
Weber (TX)
TX • R
Sponsored 6/10/2025
Gooden
TX • R
Sponsored 6/12/2025
Calvert
CA • R
Sponsored 6/23/2025
Davis (NC)
NC • D
Sponsored 6/23/2025
Sewell
AL • D
Sponsored 6/26/2025
Smith (NJ)
NJ • R
Sponsored 6/30/2025
McBride
DE • D
Sponsored 6/30/2025
Olszewski
MD • D
Sponsored 6/30/2025
Soto
FL • D
Sponsored 6/30/2025
Hinson
IA • R
Sponsored 7/10/2025
Latimer
NY • D
Sponsored 7/17/2025
Thanedar
MI • D
Sponsored 7/23/2025
Foster
IL • D
Sponsored 8/12/2025
Garcia (CA)
CA • D
Sponsored 8/12/2025
Swalwell
CA • D
Sponsored 8/15/2025
Bishop
GA • D
Sponsored 8/15/2025
Sherman
CA • D
Sponsored 9/2/2025
Carbajal
CA • D
Sponsored 9/2/2025
Cisneros
CA • D
Sponsored 9/2/2025
Costa
CA • D
Sponsored 9/8/2025
Vindman
VA • D
Sponsored 9/9/2025
Bell
MO • D
Sponsored 9/11/2025
Obernolte
CA • R
Sponsored 9/15/2025
Mann
KS • R
Sponsored 9/19/2025
Gillen
NY • D
Sponsored 10/6/2025
Begich
AK • R
Sponsored 10/8/2025
Johnson (TX)
TX • D
Sponsored 10/24/2025
Craig
MN • D
Sponsored 10/24/2025
Wittman
VA • R
Sponsored 11/20/2025
Hayes
CT • D
Sponsored 12/2/2025
Miller-Meeks
IA • R
Sponsored 12/16/2025
Lieu
CA • D
Sponsored 1/13/2026
Barrett
MI • R
Sponsored 2/4/2026
Schmidt
KS • R
Sponsored 2/11/2026
Barragan
CA • D
Sponsored 3/12/2026
Dingell
MI • D
Sponsored 3/17/2026
Frankel, Lois
FL • D
Sponsored 4/2/2026
Roll Call Votes
No roll call votes available for this bill.
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