Senators’ Legislation Aims to Help First-Time Home Buyers

Senators’ Legislation Aims to Help First-Time Home Buyers

By Zachery Schmidt U.S. Sens. Ruben Gallego, D-Arizona, and Todd Young, R-Indiana, introduced a bill to help first-time homebuyers. The senators last week presented the Uplifting First-Time Homebuyers Act, which would allow Americans attempting to buy their first home to increase the Individual Retirement Account tax exception’s withdrawal limit. Currently the withdrawal limit is $10,000, but this...