CONGRESS FOR VOTERS

DemocratBill · H.R. 918· House(119-HR-918)

Mortgage Insurance Tax Deduction Act of 2025

Rep. Brownley
Age: 74 years
California
Introduced
2/4/2025
Last activity
2/4/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Julia Brownley
Cosponsors
None
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the ``Mortgage Insurance Tax Deduction Act of 2025'', aims to change how the Internal Revenue Code of 1986 works. It seeks to make the deduction for mortgage insurance premiums permanent. The changes would take effect for amounts paid or accrued after December 31, 2024.

Yes· 3 of 6

  • Would middle-income households be better off under this?+3

    Middle-income households often utilize mortgage insurance and will benefit from the permanent tax deduction.

  • Does this cut taxes for middle-income families?+3

    The bill makes the mortgage insurance premium deduction permanent, providing ongoing tax relief for many middle-income homeowners.

  • Would people in their twenties and thirties be better off under this?+2

    Younger adults entering the housing market benefit from the permanent availability of the mortgage insurance premium deduction.

The opposite

  • Does this reduce what the federal government spends?-2

    By making a tax deduction permanent, the bill reduces federal tax revenue.