Proposed
Bill · 119th Congress · HR 9978
Homeowners Premium Tax Reduction Act of 2026
Refreshed 5 h ago
Introduced 2026-07-30Topic: taxes · housingSummary
Summary by the Congressional Research ServiceHomeowners Premium Tax Reduction Act of 2026 This bill establishes a new deduction of up to $10,000 claimed against gross income (above-the-line tax deduction) for annual policy premiums paid or incurred for homeowners insurance on an individual's principal residence.
Sponsors
- Gus M. Bilirakis Republican sponsor
- 0 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-07-30 | House | Referred to the House Committee on Ways and Means. | refer |
| 2026-07-30 | Introduced in House | introduce | |
| 2026-07-30 | Introduced in House | introduce |