H.R. 9978 Introduced Taxation

Homeowners Premium Tax Reduction Act of 2026

To amend the Internal Revenue Code of 1986 to create an above the line deduction for certain homeowners insurance premiums.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Bilirakis, Gus M. [R-FL-12] Introduced July 30, 2026 Cosponsors 0 Latest action July 30, 2026

Summary

Homeowners Premium Tax Reduction Act of 2026
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. 

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Jul 30, 2026 Referred to the House Committee on Ways and Means.
  2. Jul 30, 2026 Introduced in House

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