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HR 918 119th Congress House Taxation

Mortgage Insurance Tax Deduction Act of 2025

Introduced: February 4, 2025 Introduced by: Brownley, Julia Democratic · California See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 4, 2025
Referred to the House Committee on Ways and Means.
Feb 4, 2025
Introduced in House
 Plain-English summary Congressional Research Service

Mortgage Insurance Tax Deduction Act of 2025

This bill reinstates and makes permanent the itemized tax deduction for mortgage insurance premiums.

Under current law, only premiums paid before 2022 (and after 2006) for qualified mortgage insurance (mortgage insurance provided by Department of Veterans Affairs, the Federal Housing Administration, the Rural Housing Service, and certain private mortgage insurers) in connection with obtaining a mortgage may be deducted as an itemized tax deduction. (Some limitations apply.).

What's happening now February 4, 2025

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1