S 35
119th Congress
Senate
Taxation
Income tax deductions
Life, casualty, property insurance
Homeowners Premium Tax Reduction Act of 2025
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 8, 2025
Read twice and referred to the Committee on Finance.
Jan 8, 2025
Introduced in Senate
Plain-English summary
Homeowners Premium Tax Reduction Act of 2025
This bill establishes a new deduction of up to $10,000 claimed against gross income (above-the-line tax deduction) for annual policy premiums paid or incurred for homeowners insurance on an individual's principal residence.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1