118th Congress · HOUSE BILLBILL

H.R. 9411 — Homeowners Premium Tax Reduction Act of 2024

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

Taxation

Introduced Aug 27, 2024

Last action Aug 27, 2024

Pipeline · Bill → Law

Step 1

Introduced

Aug 27, 2024

Step 2

Referred

Aug 27, 2024

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Aug 27, 2024

Introduced in House

Aug 27, 2024

Referred to the House Committee on Ways and Means.