HR 7756
First-time Homebuyer Savings Account Act of 2026
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 4:08 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The First-time Homebuyer Savings Account Act of 2026 establishes a new type of tax-advantaged savings account, called a ‘Homeowner Savings Account,’ designed to help first-time homebuyers. Individuals who haven’t owned a home in the past three years can contribute to these accounts, potentially deducting those contributions, and the accounts are governed by specific rules regarding investment and expenses. The bill also includes provisions to limit contributions and address potential excess contributions, aiming to encourage saving for homeownership while managing potential tax implications.
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