Bill · H.R. 4494· House(119-HR-4494)
Flood Insurance Relief Act
- Introduced
- 7/17/2025
- Last activity
- 7/17/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Byron Donalds
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Flood Insurance Relief Act aims to amend the Internal Revenue Code of 1986. It proposes to allow individuals to take an above-the-line deduction for qualified flood insurance premiums paid for property they own. This deduction applies to premiums from the National Flood Insurance Act program or private flood insurance. However, the deduction is not available to taxpayers whose adjusted gross income exceeds $200,000 for individuals or $400,000 for joint returns. The changes would take effect for taxable years beginning after the Act is enacted.
Yes
Would middle-income households be better off under this?+5
The deduction provides financial relief to property owners below the specified income thresholds.
Does this cut taxes for middle-income families?+5
The bill provides an above-the-line deduction for flood insurance premiums, which reduces the taxable income of middle-class property owners.
Does this improve help for people hit by a disaster?+4
By subsidizing flood insurance premiums through tax deductions, the bill helps residents prepare for and recover from flood-related disasters.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Tax Relief for Property Owners: Individuals can claim a deduction for qualified flood insurance premiums paid or incurred during the taxable year regarding property they own (Section 2, subsection a, paragraph 1).
-
Broad Coverage of Premium Types: The deduction covers various costs including chargeable risk premiums under the National Flood Insurance Act, private flood insurance, Federal Policy Fees, and specific premium surcharges (Section 2, subsection a, paragraph 1, subsection c).
Potential Negative Impacts for People
- Income Limitations: The deduction is not available to taxpayers with high incomes, specifically those whose adjusted gross income exceeds $200,000 for single filers or $400,000 for joint returns (Section 2, subsection a, paragraph 1, subsection b, paragraph 1).
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+5
- Economy And Finance
- Reduces Middle Class Taxes+5
- Environment Energy And Infrastructure
- Improves Disaster Relief And F E M A+4
- 7/17/2025
- Referred to the House Committee on Ways and Means.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.