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S. 4934

BillFederalSenateIn Committee
To amend the Internal Revenue Code of 1986 to create an above the line deduction for certain homeowners insurance premiums.
About This Bill
Committee
Latest Action · August 1, 2024
Read twice and referred to the Committee on Finance.
Congress
118th (2023–2025)
Introduced
August 1, 2024
Cosponsors (0)
None
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Summary

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Homeowners Premium Tax Reduction Act of 2024 This bill allows a deduction from gross income (above-the-line tax deduction) for up to $10,000 of annual policy premiums paid or incurred for homeowners insurance for an individual's principal residence.

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