First Time Homebuyer Pandemic Savings Act

United States116th CongressHR-7645House of Representatives
Updated: Jul 16, 2020

Summary

First Time Homebuyer Pandemic Savings Act This bill extends for one year the exemption from the penalty for early distributions from tax-preferred retirement plans for distributions related to COVID-19 (i.e., coronavirus disease 2019). It also excludes from gross income COVID-19-related distributions which are first-time homebuyer distributions up to $25,000 in a taxable year.

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

  1. Referred to the House Committee on Ways and Means.

    House of Representatives

  2. Referred to the Subcommittee on Social Security.

    House of Representatives

  3. Introduced in House

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