HR 2748
First Time Homeowner Savings Plan Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 6:45 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the First Time Homeowner Savings Plan Act, aims to make it easier for first-time homebuyers to access savings without penalty. It increases the amount that can be withdrawn penalty-free from individual retirement accounts (IRAs) for this purpose. Specifically, it raises the current limit of $10,000 to $25,000 for these distributions. Additionally, the $25,000 limit will be adjusted annually for inflation starting in 2026.
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