What This Bill Does · Plain English
GovGreed Synthesis · AI extraction
This bill amends the Internal Revenue Code to make the tax deduction for mortgage insurance premiums permanent and to double the income cap for claiming the deduction. Currently, the deduction is subject to periodic expiration and has a lower income limit.
Action Timeline
2025-04-09
Referred to the House Committee on Ways and Means.
2025-04-09
Introduced in House
2025-04-09
Introduced in House
Frequently Asked Questions
Did HR.2760 pass?
HR.2760 is still alive. Current stage: COMMITTEE. Pass likelihood: 38%.
What does HR.2760 do?
This bill amends the Internal Revenue Code to make the tax deduction for mortgage insurance premiums permanent and to double the income cap for claiming the deduction. Currently, the deduction is subject to periodic expiration and has a lower income limit.
Who sponsored HR.2760?
HR.2760 was sponsored by Vern Buchanan (R-Florida).
Full Bill Text
119 HR 2760 IH: Middle Class Mortgage Insurance Premium Act of 2025 U.S. House of Representatives 2025-04-09 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 2760 IN THE HOUSE OF REPRESENTATIVES April 9, 2025 Mr. Buchanan (for himself, Mr. Panetta , Mr. Carey , Mr. Fitzgerald , Mr. Steil , Ms. DelBene , Ms. Moore of Wisconsin , Mr. Schneider , Mr. Sherman , Ms. McBride , and Ms. Sánchez ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to increase the income cap for and make permanent the mortgage insurance premium deduction. 1. Short title This Act may be cited as the Middle Class Mortgage Insurance Premium Act of 2025 . 2. Increasing the income cap for and making permanent the mortgage insurance premium deduction (a) In general (1) Section 163(h)(3)(E) of the Internal Revenue Code of 1986 is amended— (1) in clause (ii), by striking $100,000 ($50,000 and inserting $200,000 ($100,000 , and (2) by striking clause (iv). (b) Effective date The amendments made by this Act shall apply to taxable years beginning after December 31, 2025.
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