Skip to main content
HR 6492 114th Congress House

Tax Benefit for Homeownership Clarification Act

Official title: To amend the Internal Revenue Code of 1986 to reduce the mortgage interest deduction relating to acquisition indebtedness for certain taxpayers.

Introduced: December 8, 2016 See on congress.gov
Taxation Housing finance and home ownershipIncome tax deductionsInterest, dividends, interest rates
Sign in to write a letter Sign in to watch
This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 8, 2016
Referred to the House Committee on Ways and Means.
Dec 8, 2016
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action December 8, 2016

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Tax Benefit for Homeownership Clarification Act

This bill amends the Internal Revenue Code to reduce the limitation on the mortgage interest deduction for the acquisition indebtedness of certain taxpayers. (Acquisition indebtedness is indebtedness that: (1) is incurred in acquiring, constructing, or substantially improving any qualified residence of the taxpayer; and (2) is secured by such residence. It also includes refinancing of the debt in certain situations.)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6492: Tax Benefit for Homeownership Clarification Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-6492/
MLA
"H.R. 6492: Tax Benefit for Homeownership Clarification Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-6492/.
Bluebook (legal)
H.R. 6492, 114th Cong. (2026), https://openamerica.io/bill/114-HR-6492/.
Markdown link
[H.R. 6492: Tax Benefit for Homeownership Clarification Act](https://openamerica.io/bill/114-HR-6492/)
Report a problem