Permanent exclusion from gross income of discharge of qualified principal residence indebtedness

(a) In general Section 108(a)(1)(E) of the Internal Revenue Code of 1986 is amended by striking which is discharged and all that follows through evidenced in writing before January 1, 2026. (b) Effective date The amendment made by this section shall apply to discharges of indebtedness after December 31, 2025.