Bill · H.R. 2760· House(119-HR-2760)
Middle Class Mortgage Insurance Premium Act of 2025
- Introduced
- 4/9/2025
- Last activity
- 4/9/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Vern Buchanan
- Cosponsors
- - 4 - 8
- Introduced
- In Committee
What this bill would do
This bill, titled the "Middle Class Mortgage Insurance Premium Act of 2025," seeks to amend the Internal Revenue Code of 1986. The primary goal is to increase the income cap for the mortgage insurance premium deduction. It also aims to make this specific deduction permanent. The changes would increase specific income thresholds from $100,000 to $200,000 and $50,000 to $100,000. These amendments are intended to take effect for taxable years starting after December 31, 2025.
Yes· 3 of 5
Would middle-income households be better off under this?+5
The bill directly targets middle-class income levels by raising the cap for the mortgage insurance premium deduction.
Does this cut taxes for middle-income families?+5
The bill increases income thresholds for the mortgage insurance premium deduction, providing tax relief to a broader range of middle-class earners.
Does this make housing cost less?+4
By increasing the mortgage insurance premium deduction, the bill reduces the effective cost of homeownership for middle-income families.
The opposite
Does this reduce what the federal government owes?-1
Increasing tax deductions may slightly reduce federal revenue.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Income Thresholds: By striking "$100,000 ($50,000" and inserting "$200,000 ($100,000," the bill increases the income limits associated with the mortgage insurance premium deduction under Section 163(h)(3)(E) (Section 2(a)(1)). This could benefit individuals by allowing a higher level of income while still qualifying for the deduction.
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Permanency of Deduction: The bill aims to make the mortgage insurance premium deduction permanent by striking clause (iv) of Section 163(h)(3)(E) (Section 2(a)(1)). This provides long-term certainty for taxpayers regarding this tax provision.
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. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Middle Class Households+5Good For Middle Aged+3
- Economy And Finance
- Reduces Middle Class Taxes+5Improves Economic Growth+1Reduces National Debt-1
- Social Issues And Justice
- Improves Affordable Housing+4
- 9/17/2025
- 1 Cosponsor added.
- 4/24/2025
- 1 Cosponsor added.
- 4/9/2025
- Referred to the House Committee on Ways and Means.
- 10 Cosponsors added.
- Introduced in House
Mike CareyRepublican · Ohio
Suzan DelBeneDemocrat · Washington
Scott FitzgeraldRepublican · Wisconsin
Gwen MooreDemocrat · Wisconsin
Carol MillerRepublican · West Virginia
Sarah McBrideDemocrat · Delaware
Jimmy PanettaDemocrat · California
Brad ShermanDemocrat · California
Linda SánchezDemocrat · California
Bradley SchneiderDemocrat · Illinois
Bryan SteilRepublican · Wisconsin
Eugene VindmanDemocrat · Virginia