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H.R. 1052

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to increase the limitation on qualified first-time homebuyer distributions, and for other purposes.
About This Bill
Committee
Latest Action · February 14, 2023
Referred to the House Committee on Ways and Means.
Congress
118th (2023–2025)
Introduced
February 14, 2023
Cosponsors (0)
None
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Summary

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Uplifting First-Time Homebuyers Act of 2023 This bill increases from $10,000 to $30,000 the maximum distribution amount from a tax-exempt pension plan allowed for a first-time home purchase without incurring a penalty.

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