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First-Time Homebuyer Tax Credit Act of 2025 — S. 2402
Last updated: 7/23/2025 · Introduced: 7/23/2025
Author: Sheldon Whitehouse (D-RI)
TL;DR (AI)
- The bill establishes a refundable tax credit for first-time homebuyers to help offset closing costs and down payments.
- It provides a credit amount based on income levels, with lower-income buyers receiving a larger credit.
- The bill allocates funding to the IRS to administer the tax credit and related programs.
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Other Sections
Includes provisions on preamble, short title., and 1 more.
3 sections
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