Bill · H.R. 7768· House(119-HR-7768)
Tax Relief for Renters Act of 2026
- Introduced
- 3/3/2026
- Last activity
- 3/3/2026 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Greg Landsman
- Cosponsors
- - 1 - 1
- Introduced
- In Committee
What this bill would do
The ``Tax Relief for Renters Act of 2026'' proposes to amend the Internal Revenue Code of 1986. This bill aims to establish a new deduction for certain amounts paid for the rent of a taxpayer's primary residence. The deduction is defined as 1/12 of the qualified rent expenses paid during the taxable year. There is a cap on this deduction, which cannot exceed $4,000 per individual. Additionally, the bill sets specific income thresholds that prevent the deduction for individuals earning above certain amounts.
Yes· 3 of 8
Does this cut taxes for middle-income families?+5
The bill creates a new tax deduction for rent expenses of up to $4,000 for many taxpayers.
Would households on low incomes be better off under this?+4
The bill provides a new tax deduction specifically for renters within certain income thresholds.
Would middle-income households be better off under this?+4
The deduction offers tax relief for middle-income renters below the specified thresholds.
The opposite
Does this reduce what the federal government spends?-2
Providing new tax deductions reduces federal tax revenue.
Who it would affect, and how
Potential Positive Impacts for People
-
Rent Deduction for Primary Residences: The bill allows for a deduction of 1/12 of qualified rent expenses, which are amounts paid to lease a taxpayer's primary residence (Section 2, subsection a and b).
-
Benefit for Non-Itemizers: The bill amends the code to allow the deduction provided in section 226 to be used by non-itemizers (Section 2, subsection b).
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Inflation Protection: For taxable years beginning after 2027, the dollar amounts for the deduction and income limits can be increased based on a cost-of-living adjustment (Section 2, subsection a, paragraph 2).
Potential Negative Impacts for People
-
Deduction Cap: The deduction is limited to a maximum of $4,000 for any individual in any taxable year (Section 2, subsection c, paragraph 1).
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Income Limitations: Individuals are ineligible for the deduction if their adjusted gross income exceeds specific thresholds: $125,000 for joint returns or surviving spouses, $85,000 for married filing separately, $80,000 for heads of household, or $75,000 for other individuals (Section 2, subsection c, paragraph 2).
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 Low Income Households+4Good For Middle Class Households+4Good For Middle Aged+3Good For Urban Residents+3Good For Young Adults+3
- Social Issues And Justice
- Improves Affordable Housing+3Improves Poverty Reduction+2
- Economy And Finance
- Reduces Middle Class Taxes+5Reduces Government Spending-2
- 4/20/2026
- 1 Cosponsor added.
- 3/3/2026
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
Shomari FiguresDemocrat · Alabama
Thomas KeanRepublican · New Jersey