Homeowners Premium Tax Reduction Act of 2025
- Bill Number
- S. 35
- Origin Chamber
- Senate
- Congress
- 119th Congress, Session 1
- Policy Area
- Taxation
- Status
- Introduced
- Latest Action
- 2025-01-08: Read twice and referred to the Committee on Finance.
- Last Updated
- 2025-09-10T20:29:41Z
Official 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.
Sponsor
Recent Actions
- 2025-01-08: Read twice and referred to the Committee on Finance.
- 2025-01-08: Introduced in Senate
Bill Versions
- Homeowners Premium Tax Reduction Act of 2025 — issued 2025-01-08 — PDF (3 pages)