119th Congress · HOUSE BILLBILL

H.R. 9978 — 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.”

Introduced Jul 30, 2026

Last action Jul 30, 2026

Pipeline · Bill → Law

Step 1

Introduced

Jul 30, 2026

Step 2

Referred

Jul 30, 2026

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House

AmendmentAI

Timeline · 2 actions

Jul 30, 2026

Referred to the House Committee on Ways and Means.

Jul 30, 2026

Introduced in House