S 35 · 119th CongressIn Committeecongress.gov ↗

Homeowners Premium Tax Reduction Act of 2025

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Road to The Floor

How it works

Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

Became Law

What this bill does

AI plain-language summary

This bill would let homeowners subtract up to $10,000 from their income on their tax return for the cost of homeowners insurance on their main home. This type of deduction, called an "above-the-line" deduction, means people could claim it even if they don't itemize their taxes.

Sponsor

Sen. Scott, Rick [R-FL]

R

Introduced

January 8, 2025

Policy Area

Taxation

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