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HR 9978 United States House · 119th Congress

Homeowners Premium Tax Reduction Act of 2026

The Homeowners Premium Tax Reduction Act of 2026 allows individual taxpayers to deduct up to $10,000 of their annual homeowners insurance premiums from their federal income taxes. This deduction applies specifically to insurance paid for a person's principal residence and is treated as an adjustment to income, meaning it reduces taxable earnings before other deductions are calculated. The law takes effect for tax years that begin after the bill is enacted, providing a direct financial benefit to homeowners who pay qualifying insurance costs.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by allowing a deduction for homeowners insurance premiums, reducing taxable income for individuals.90% confidence ✓ HousingSupports HousingBill provides tax deductions for homeowners insurance, lowering costs for homeowners and supporting housing stability.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jul 2026
Committee Review
Floor Vote
President
Introduced Jul 30, 2026 Last action Jul 30, 2026
Floor votes

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jul 30, 2026
Committee
Referred to the House Committee on Ways and Means.
lower
Jul 30, 2026
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Gus M. Bilirakis
Gus M. Bilirakis
RRepublican
FL
12