S 4934
118th Congress
Senate
Taxation
Income tax deductions
Life, casualty, property insurance
Homeowners Premium Tax Reduction Act of 2024
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 1, 2024
Read twice and referred to the Committee on Finance.
Aug 1, 2024
Introduced in Senate
Plain-English summary
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1