S. 35 · 119th Congress
Homeowners Premium Tax Reduction Act of 2025
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R
ScottSponsorNo cosponsors.
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.
What it does: CRS summary · Introduced in Senate · Jan 8, 2025
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Homeowners Premium Tax Reduction Act of 2025
Latest action (Jan 8, 2025): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Jan 8, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.