Save for Success Act
Sponsored By: Representative Patronis
Introduced
Summary
Lets 529 college-savings plans pay for a first-time homebuyer's housing costs, including closing costs and mortgage payments. This bill would add a new rule so the portion of a 529 distribution used for qualified housing expenses is treated separately from other 529 withdrawals. It defines a first-time homebuyer as an individual and, if married, that individual's spouse who had no ownership interest in a principal residence during the 3-year period ending on the purchase date. The terms "principal residence" and "purchase" use the definitions already in the tax code. The change would apply to distributions made after December 31, 2026.
Show full summary
- Families saving in 529 plans: Would be able to use plan funds for the purchase of a primary home for the designated beneficiary, including closing costs and mortgage payments. This gives savers another permitted use for 529 balances.
- First-time homebuyers: The bill uses a 3-year lookback to define who qualifies and relies on existing tax-code definitions for "principal residence" and "purchase."
Your PRIA Score
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Use 529 money for first home
If enacted, you would be able to use part of a 529 plan withdrawal to pay qualified housing costs for the plan's beneficiary. Qualified housing costs would include purchase expenses, closing costs, and mortgage payments for the principal residence. To qualify, the beneficiary (and the spouse, if married) would have to be a first-time homebuyer with no present ownership interest in a main home during the prior three years. This change would apply only to the portion of a distribution used for those housing costs and only to distributions made after December 31, 2026.
Free Policy Watch
You just read the policy. Now see what it costs you.
Pick a topic. PRIA runs your household against live legislation and sends you a free personalized readout.
Pick a topic to get started
Sponsors & CoSponsors
Sponsor
Patronis
FL • R
Cosponsors
Bilirakis
FL • R
Sponsored 2/5/2026
Rep. Soto, Darren [D-FL-9]
FL • D
Sponsored 3/25/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.govLive Policy Activity
LiveSurfaced from PRIA's policy knowledge graph — ranked by signal strength, connected by evidence.
Financial Services and General Government Appropriations Act, 2027
Appropriations package that would fund Treasury and IRS while imposing rulemaking limits and detailed DC policy constraints, affecting taxpayers, community lenders, and DC residents.
Other Activity On This Topic
· ranked by signal strengthTo require the Secretary of Housing and Urban Development to conduct an improper payment assessment for project-based and tenant-based assistance, and for other purposes.
A bill to amend the Workforce Innovation and Opportunity Act to establish a grant program for a workforce data quality initiative, and for other purposes.
Deep Dive
· Polipedia policy encyclopediaYouth Conservation Corps & Public Lands Corps
The federal government runs two closely related conservation-workforce pipelines on public lands: the Youth Conservation Corps YCC and the Public Lands Corps PLC. YCC is a summer employment program fo
WTO Membership & Uruguay Round Agreements Act
The Uruguay Round Agreements Act URAA of 1994 19 U.S.C. §§ 3501–3624 implemented U.S. membership in the World Trade Organization WTO and incorporated the Uruguay Round trade agreements — the broadest
World Trade Center Health Program (James Zadroga Act)
The World Trade Center Health Program is a federally funded health benefits program that provides free medical monitoring and treatment to those who were exposed to the toxic dust, debris, and fumes f
Workers' Compensation
Workers' compensation is the United States' primary workplace injury system — a no-fault insurance program where employees who are injured on the job receive medical coverage and partial wage replacem
Take It Personal
Get Your Personalized Policy View
Take the PRIA Score to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in