In CommitteeFiled May 7, 2026
Sponsor: Rep. Stevens, Haley M. [D-MI-11] (D)
Latest Action
Referred to the House Committee on Ways and Means.
May 7, 2026
Summary
The bill adds a new tax deduction for money put into a special homeownership savings account. It applies to individuals, married couples filing jointly, and heads of household, with yearly contribution limits and reductions for higher incomes. By encouraging savings for a first home, the measure aims to make homeownership more affordable.
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