Make American Housing Affordable (MAHA) Act of 2026

Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 36B the following new section:

In the case of an eligible individual, there shall be allowed $5,000 (twice such amount in the case of a joint return) as a credit against the tax imposed by this subtitle.

For purposes of this section, the term eligible individual means, with respect to a taxable year, an individual—

(1) who purchases a principal residence (as such term is used in section 121) during such taxable year, and

(2) with respect to whom no credit has been allowed during the 4 taxable years preceding such taxable year.

The amount of the credit allowed under subsection (a) shall be reduced by the amount which bears the same ratio to $50,000 (twice such amount in the case of a joint return) as the excess of—

(A) the modified adjusted gross income of the individual, over

(B) $250,000 (twice such amount in the case of a joint return).

For purposes of this subsection, the term modified adjusted gross income means the adjusted gross income of the taxpayer for the taxable year increased by any amount excluded from gross income under section 911, 931, or 933.

(1) Section 6211(b)(4)(A) of the Internal Revenue Code of 1986 is amended by inserting, 36C after 36B.

(2) Section 1324(b)(2) of title 31, United States Code, is amended by inserting, 36C after, 36B.

(3) The table of sections for subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 36B the following new item:

The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.