United StatesMortgage Insurance Tax Deduction Act of 2025
What it does
This bill reinstates and makes permanent the itemized tax deduction for mortgage insurance premiums.
More detail
Under current law, only premiums paid before 2022 (and after 2006) for qualified mortgage insurance (mortgage insurance provided by Department of Veterans Affairs, the Federal Housing Administration, the Rural Housing Service, and certain private mortgage insurers) in connection with obtaining a mortgage may be deducted as an itemized tax deduction. (Some limitations apply.).
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 4Introduced in HouseLatest
- Feb 4Referred to the House Committee on Ways and Means.Introduced