A Republican bill with no cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, titled the "Homeowners Premium Tax Reduction Act of 2026," aims to change the Internal Revenue Code of 1986. It proposes creating a new deduction for certain homeowners insurance premiums. This deduction would be an "above the line" deduction for individuals. The deduction is limited to annual policy premiums paid for homeowners insurance on an individual's principal residence. The maximum amount allowed for this deduction is $10,000.
Yes· 3 of 10
- Scored +5
Would middle-income households be better off under this?
The deduction offers significant tax relief for many middle-class homeowners.
- Scored +5
Does this cut taxes for middle-income families?
The deduction provides tax relief for homeowners which primarily benefits middle-class households.
- Scored +3
Would people in middle age be better off under this?
Middle-aged adults are more likely to be homeowners benefiting from the tax deduction.
The opposite
- Scored -1
Does this reduce what the federal government owes?
The deduction may slightly increase the federal deficit by reducing tax revenue.
- Scored -1
Does this make the government pay for what it commits to?
Providing new deductions generally reduces fiscal efficiency by lowering tax receipts.
Who it would affect, and how
Potential Positive Impacts for People
- Tax Deduction for Homeowners: Under Section 2, subsection (a), individuals can claim a deduction for qualified insurance premiums paid or incurred during the taxable year. This provides a financial benefit by allowing a deduction of up to $10,000 for annual policy premiums on a principal residence.
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would middle-income households be better off under this? — The deduction offers significant tax relief for many middle-class homeowners. Would people in middle age be better off under this? — Middle-aged adults are more likely to be homeowners benefiting from the tax deduction. Would retired people be better off under this? — Retirees who are homeowners will see a reduction in their tax liability. Would people over 65 be better off under this? — Seniors who own their homes will benefit from the reduction in taxable income. Would high-income households be better off under this? — Higher income households can benefit, though the impact is relatively smaller compared to lower brackets. Would households on low incomes be better off under this? — The deduction provides some relief to low-income homeowners.
- Economy And Finance
- Does this cut taxes for middle-income families? — The deduction provides tax relief for homeowners which primarily benefits middle-class households. Is this likely to grow the economy? — Increased disposable income for homeowners may provide a slight stimulus to the economy. Does this make the government pay for what it commits to? — Providing new deductions generally reduces fiscal efficiency by lowering tax receipts. Does this reduce what the federal government owes? — The deduction may slightly increase the federal deficit by reducing tax revenue.
- Social Issues And Justice
- Does this make housing cost less? — Reducing the cost of homeownership through tax relief may indirectly support housing stability. Is this likely to lift people out of poverty? — The deduction provides a small financial buffer for low-income homeowners.
- 7/30/2026
- Referred to the House Committee on Ways and Means.
- Introduced in House
3 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.