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H.R. 9978 · 119th Congress

Homeowners Premium Tax Reduction Act of 2026

Introduced / in committeeEconomy

Details

Sponsor
Gus M. Bilirakis (R)
Introduced
2026-07-30
Origin
House
Policy area
Taxation
Latest action
2026-07-30 — Referred to the House Committee on Ways and Means.
Cosponsors
0

congress.gov

Summary

Homeowners 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.

CRS summary — Introduced in House (2026-07-30)