Tax Relief for Renters Act of 2026

This bill would create a federal income tax deduction for renters equal to one-twelfth of the rent they pay for their primary home during the year. The deduction would be capped at $4,000 per person per year. People with adjusted gross income above set limits could not take it: $125,000 for joint filers or surviving spouses, $85,000 for married filing separately, $80,000 for heads of household, and $75,000 for others. Taxpayers could claim it whether or not they itemize, and the dollar amounts would be adjusted for inflation after 2027. The change would apply starting with tax years beginning after December 31, 2026.

Full text and official record on Congress.gov

Sponsors

• Greg Landsman Democrat sponsor
• 2 cosponsors