H.R. 9978 · 119th Congress
Homeowners Premium Tax Reduction Act of 2026
- Stage
- In committee
- Sponsor
- Gus Bilirakis
- Introduced
- 2026-07-30
- Latest action
- 2026-07-30 · Introduced in House
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.