H.R. 9978 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Ways and Means, Jul 30, 2026
What this bill does
In plain words · AI-written from the official summaryAllows homeowners to deduct insurance costs
This bill creates a new tax deduction for homeowners. You could deduct up to $10,000 per year from your gross income for the cost of homeowners insurance on your main residence. This is an above-the-line deduction, which means you can claim it even if you don't itemize your other deductions.
How it affects you
If you own your home, this could lower your taxable income and potentially reduce the taxes you owe. The benefit depends on how much you pay for homeowners insurance each year and your overall tax situation.
Read the official summary (Introduced in House, Jul 30, 2026)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
2nd SessionH. R. 9978
A BILL
Homeowners Premium Tax Reduction Act of 2026
Sponsor: Rep. Gus M. Bilirakis (R-FL-12) · Introduced Jul 30, 2026 · Taxation · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jul 30, 2026: “Referred to the House Committee on Ways and Means.”