In CommitteeFiled Jul 30, 2026
Sponsor: Rep. Bilirakis, Gus M. [R-FL-12] (R)
Latest Action
Referred to the House Committee on Ways and Means.
Jul 30, 2026
Summary
The bill would change the Internal Revenue Code so that qualifying homeowners insurance premiums can be deducted before calculating adjusted gross income. This would lower the taxable income of homeowners who pay those premiums, potentially reducing the amount of tax they owe. The change is intended to provide tax relief to homeowners facing insurance costs.
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