S. 35In Committee
Homeowners Premium Tax Reduction Act of 2025
Establishes an above-the-line tax deduction of up to $10,000 for homeowners insurance premiums on a taxpayer's principal residence
Plain-English overview
What this bill does
Establishes an above-the-line tax deduction of up to $10,000 for homeowners insurance premiums on a taxpayer's principal residence
Key points
- Establish homeowners insurance deduction
Current status
Where it stands
Status
In Committee
Latest action
2025-01-08 — Read twice and referred to the Committee on Finance.
Related context
Topics and policy areas
undefinedIncome tax deductionsLife, casualty, property insuranceTaxation