S 35 · 119th CongressIn Committeecongress.gov ↗
What this bill does
AI plain-language summaryThis 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.
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