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United States · Bill · HR

H.R. 2808 (115th)

First Time Homeowner Savings Plan Act

referredUnited States· United States Congress· EN

Introduced

7 June 2017

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

11 August 2025

Summary

First Time Homeowner Savings Plan Act This bill amends the Internal Revenue Code to increase from $10,000 to $25,000 the maximum amount that may be withdrawn, without penalty, from a qualified retirement plan for purposes of assisting a first-time homebuyer in purchasing a principal residence. This increased distribution amount shall be adjusted annually for inflation for taxable years beginning after 2018.

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Documents

3 official files

Introduced in House (text)

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Sources

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