HR 2808 · 115th Congress · Taxation
First Time Homeowner Savings Plan Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2017-06-07)
Plain Language Summary
[AI summary unavailable — showing source text]
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Plan Act This bill amends the Internal Revenue Code to increase from $10,000 to $25,000 the maximum amount that may be withdrawn, without penalty, from a qualified retirement plan for purposes of assisting a first-time homebuyer in purchasing a principal residence.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.…
Summarized by Claude AI · Non-partisan · For informational purposes only