S 4934 118th Congress Senate Taxation Income tax deductions Life, casualty, property insurance

Homeowners Premium Tax Reduction Act of 2024

Introduced: August 1, 2024 Introduced by: Scott, Rick 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 1, 2024

Read twice and referred to the Committee on Finance.

Aug 1, 2024

Introduced in Senate

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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 1, 2024

Read twice and referred to the Committee on Finance.

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Finance Committee
Senate

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APA

U.S. Congress. (2026). S. 4934: Homeowners Premium Tax Reduction Act of 2024. 118th Congress. Open America. https://openamerica.io/bill/118-S-4934/

MLA

"S. 4934: Homeowners Premium Tax Reduction Act of 2024." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-4934/.

Bluebook (legal)

S. 4934, 118th Cong. (2026), https://openamerica.io/bill/118-S-4934/.

Markdown link

[S. 4934: Homeowners Premium Tax Reduction Act of 2024](https://openamerica.io/bill/118-S-4934/)