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HR 9411 118th Congress House Taxation Income tax deductions Life, casualty, property insurance

Homeowners Premium Tax Reduction Act of 2024

Introduced: August 27, 2024 Introduced by: Bilirakis, Gus M. Republican · Florida See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 27, 2024
Referred to the House Committee on Ways and Means.
Aug 27, 2024
Introduced in House
 Plain-English summary Congressional Research Service

Homeowners Premium Tax Reduction Act of 2024 

This bill allows a deduction from gross income (above-the-line tax deduction) for up to $10,000 of annual policy premiums paid or incurred for homeowners insurance for an individual's principal residence. 

What's happening now August 27, 2024

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1