Uplifting First-Time Homebuyers Act of 2025

HR 3526, the Uplifting First-Time Homebuyers Act of 2025, increases the maximum amount first-time homebuyers can withdraw penalty-free from retirement accounts. It amends the Internal Revenue Code to raise the limit from $10,000 to $50,000 for qualified first-time homebuyer distributions. This change directly affects individuals using retirement savings to purchase their first home, allowing them to access significantly more funds without incurring the usual 10% early withdrawal penalty. The provision applies to taxable years beginning after December 31, 2024.