What is the current status of HR 3526?

HR 3526 is currently: Introduced.

Who sponsored HR 3526?

HR 3526 was sponsored by Beth Van Duyne (R), Rep.

First-Time Homebuyer Support Bill

IntroducedMay 20, 2025

Introduced1 year ago

Intro

House

Senate

Pres

Referred to the House Committee on Ways and Means.

Taxation

Why This Matters

This bill allows first-time homebuyers to take out more money from their retirement savings to help buy a home. It aims to make homeownership more accessible for those entering the market for the first time.

If you are a first-time homebuyer, you could access an extra $40,000 from your retirement savings to buy a home.

Who this affects

First-time homebuyers

What changes is this bill making?

1This bill increases the amount first-time homebuyers can withdraw from their retirement accounts.
2The new limit for these withdrawals would rise from $10,000 to $50,000.
3This change aims to help more people afford their first homes.
4The new rules will apply starting in 2025 for tax purposes.

Read full document

Last changed 2 months ago · checked hourly

First-Time Homebuyer Support Bill

IntroducedMay 20, 2025

Introduced1 year ago

Intro

House

Senate

Pres

Referred to the House Committee on Ways and Means.

Taxation

Why This Matters

If you are a first-time homebuyer, you could access an extra $40,000 from your retirement savings to buy a home.

Who this affects

First-time homebuyers

What changes is this bill making?

1This bill increases the amount first-time homebuyers can withdraw from their retirement accounts.
2The new limit for these withdrawals would rise from $10,000 to $50,000.
3This change aims to help more people afford their first homes.
4The new rules will apply starting in 2025 for tax purposes.

Read full document

Last changed 2 months ago · checked hourly