HR 9480·Federal·house
To amend the Internal Revenue Code of 1986 to allow a deduction for amounts contributed to home savings accounts, and for other purposes.
In CommitteeFiled Jun 25, 2026
Sponsor: Rep. Perry, Scott [R-PA-10] (R)
Latest Action
Referred to the House Committee on Ways and Means.
Jun 25, 2026
Summary
The bill would change the Internal Revenue Code so that individuals can claim a tax deduction for money they put into home savings accounts. It targets taxpayers who are saving for a home purchase or improvement, aiming to make such savings more affordable. By providing a deduction, the measure seeks to encourage homeownership and related investments.
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