HR 9958
HOMES Act of 2024
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Bill overview
The HOMES Act of 2024 aims to make it easier for families to purchase and manage residential property through changes to tax regulations. Specifically, it allows for greater flexibility in how retirement accounts can invest in or utilize property owned by family members, and it increases the amount of loans from employer-sponsored plans that can be used to buy a primary residence. These changes are intended to boost homeownership opportunities and provide more financial support for individuals purchasing homes.
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