Rick Scott proposes tax-advantaged savings accounts for first-time homebuyers

Rick Scott proposes tax-advantaged savings accounts for first-time homebuyers

Sen. Rick Scott on Friday introduced legislation that would create a tax-advantaged savings account for first-time homebuyers, positioning the proposal as a way to help Americans save for a down payment amid continued housing affordability pressures. The measure, titled the American Dream Accounts Act of 2026, would establish “American dream accounts” under the federal tax code for use in saving toward the purchase of a first home. Under the bil…