In CommitteeFiled Mar 3, 2026
Sponsor: Rep. Landsman, Greg [D-OH-1] (D)
Latest Action
Referred to the House Committee on Ways and Means.
Mar 3, 2026
Summary
The bill adds a new deduction that lets renters subtract a portion of their yearly rent from taxable income, up to a $4,000 limit. The benefit is only available to individuals whose adjusted gross income is below set thresholds, and it applies to both itemizers and non‑itemizers. It aims to give renters a tax break similar to the mortgage‑interest deduction homeowners receive.
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