Rent Relief Act of 2018
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.
Rent Relief Act of 2018
This bill amends the Internal Revenue Code to allow a refundable tax credit for individuals who pay rent for a principal residence that exceeds 30% of the individual's gross income for the taxable year.
The amount of the credit ranges from 25% to 100% of the excess rent, depending on the gross income of the taxpayer. The credit is not available for taxpayers with gross income that exceeds $100,000 ($125,000 for a taxpayer whose principal residence is located in a high-cost area, as defined by the bill). Rent that exceeds 150% of the fair market rent (including the utility allowance) for the residence may not be taken into account for the purpose of determining the amount of the credit.
For individuals who reside in government-subsidized housing, the bill allows a credit equal to 1/12 of the rent paid by the taxpayer (and not subsidized under the program) during the year with respect to the residence.
Read twice and referred to the Committee on Finance.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 3250: Rent Relief Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-S-3250/
"S. 3250: Rent Relief Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-3250/.
S. 3250, 115th Cong. (2026), https://openamerica.io/bill/115-S-3250/.
[S. 3250: Rent Relief Act of 2018](https://openamerica.io/bill/115-S-3250/)