Homeowners Premium Tax Reduction Act of 2025
In committeeWhat this bill is intended to do
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.
Latest action
Jan 8, 2025Read twice and referred to the Committee on Finance.
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