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Referenced Laws
Section 72(t)(8)(B)(i)
Section 1
1. Short title This Act may be cited as the Uplifting First-Time Homebuyers Act of 2025.
Section 2
2. Increasing the limitation on qualified first-time homebuyer distributions Section 72(t)(8)(B)(i) of the Internal Revenue Code of 1986 is amended by striking $10,000 and inserting $50,000. The amendment made by this Act shall apply to taxable years beginning after December 31, 2024.