HR 8221
First-Time Homebuyer Savings Act of 2026
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 3:39 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 Act of 2026 establishes a new type of savings account designed to help first-time homebuyers. It allows eligible individuals to deduct contributions made to these accounts, up to a maximum of $10,000 per year. The bill outlines specific requirements for these accounts, including trustee qualifications and limitations on investments, and also addresses how distributions from the accounts will be taxed. It includes provisions for rollover contributions and a mechanism for transferring funds to retirement accounts.
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