United States Congress
Homeowners Premium Tax Reduction Act of 2024
August 1, 2024
Summary
S. 4934, the Homeowners Premium Tax Reduction Act of 2024, is a proposed Senate bill that would amend the Internal Revenue Code to allow individual taxpayers an above-the-line deduction of up to $10,000 annually for homeowners insurance premiums on their principal residence. Introduced August 1, 2024, and referred to the Senate Finance Committee, the bill has not been enacted and would apply only to taxable years ending after enactment. It imposes no obligations on mortgage lenders, brokers, or servicers.
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Source: https://www.congress.gov/bill/118th-congress/s-bill/4934
Common questions
- What does "Homeowners Premium Tax Reduction Act of 2024" cover?
- S. 4934, the Homeowners Premium Tax Reduction Act of 2024, is a proposed Senate bill that would amend the Internal Revenue Code to allow individual…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on August 1, 2024.