Install
Homeowners Premium Tax Reduction Act of 2025
A bill to amend the Internal Revenue Code of 1986 to create an above the line deduction for certain homeowners insurance premiums.
- Introduced
- Committee
- Passed Senate
- Passed House
- To President
- Became law
Summary
Homeowners Premium Tax Reduction Act of 2025
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.
Summary by the Congressional Research Service, Library of Congress.
Actions
- Jan 8, 2025 Read twice and referred to the Committee on Finance.
- Jan 8, 2025 Introduced in Senate
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