S. 35
119th Congress
Senate
Homeowners Premium Tax Reduction Act of 2025
Official title: A bill to amend the Internal Revenue Code of 1986 to create an above the line deduction for certain homeowners insurance premiums.
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
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What's happening now
Read twice and referred to the Committee on Finance.
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.
Bill text
1 version
- Introduced in Senate Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Lobbying activity
23
- NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
- AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
- REINSURANCE ASSN OF AMERICA
- REINSURANCE ASSN OF AMERICA
- AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
- NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Treasury, Dept of
- Homeland Security, Dept of (DHS)
- Transportation, Dept of (DOT)
- Federal Emergency Management Agency (FEMA)
- Federal Housing Finance Agency (FHFA)
- White House Office
Cite this page
U.S. Congress. (2026). S. 35: Homeowners Premium Tax Reduction Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-S-35/
"S. 35: Homeowners Premium Tax Reduction Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-35/.
S. 35, 119th Cong. (2026), https://openamerica.io/bill/119-S-35/.
[S. 35: Homeowners Premium Tax Reduction Act of 2025](https://openamerica.io/bill/119-S-35/)