What This Bill Does · Plain English
Summary · Congress.gov
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.
Frequently Asked Questions
Did HR.9978 pass?
HR.9978 is still alive. Current stage: COMMITTEE. Pass likelihood: pending.
What does HR.9978 do?
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.
Who sponsored HR.9978?
HR.9978 was sponsored by Gus M. Bilirakis (R-Florida).
Full Bill Text
Full text not yet indexed for this bill. Check Congress.gov for the official text.
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