Section 1. Short title
This Act may be cited as the Uplifting First-Time Homebuyers Act of 2025.
(a) In general
Section 72(t)(8)(B)(i) of the Internal Revenue Code of 1986 is amended by striking $10,000 and inserting $50,000.
(b) Effective date
The amendment made by this Act shall apply to taxable years beginning after December 31, 2024.