Flood Insurance Tax Credit Act of 2025

This bill would create a federal income tax credit for flood insurance premiums paid on a taxpayer's main home. The credit would cover up to $1,500 of premiums for federal (National Flood Insurance Program) building coverage, 50 percent of private flood insurance premiums up to $3,000, and up to $600 of federal contents coverage premiums. Each part of the credit would shrink as income rises above $100,000 for joint filers or $50,000 for other filers. The dollar amounts would be adjusted for inflation after 2026, and the credit would apply to tax years starting after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• Nydia M. Velázquez Democrat sponsor
• 0 cosponsors