S 35
119th Congress
Senate
In Committee
Homeowners Premium Tax Reduction Act of 2025
Latest action: Read twice and referred to the Committee on Finance. · Jan 8, 2025
View full text on Congress.gov ↗ Policy area: Taxation
Legislative 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.
Source: Congressional Research Service (CRS).
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