Homeowners Premium Tax Reduction Act of 2025
The summary
What this bill does
Homeowners Premium Tax Reduction Act of 2025
This bill establishes a new deduction of up to $10,000 claimed against gross income (above-the-line tax deduction) for annual policy premiums paid or incurred for homeowners insurance on an individual's principal residence.
Legislative timeline
From introduction
Jan 8, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
Member of Congress · R-FL
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 119 |
| Bill Type | S |
| Bill Number | 35 |
| Origin Chamber | Senate |
| Current Status | Read twice and referred to the Committee on Finance. |
| Policy Area | Taxation |
| Primary Committee | Not assigned |
| Introduced | January 8, 2025 |
| Latest Action | January 8, 2025 |
| Cosponsors | 0 · House vote — · — views |