PRIA Logo™
119-hr-2760119th CongressWALLET

Middle Class Mortgage Insurance Premium Act of 2025

Sponsored By: Representative Buchanan, Vern [R-FL-16]

Introduced

Summary

Raises income caps for the mortgage insurance premium deduction. This bill would increase who can deduct mortgage insurance premiums and removes a specific clause in section 163(h)(3)(E). The change takes effect for taxable years beginning after December 31, 2025.

Show full summary
  • Middle-income homebuyers: Homebuyers who pay private mortgage insurance could qualify for the deduction at higher incomes. The cap would be $200,000 for joint filers and $100,000 for single filers.
  • Tax filers who itemize: More people who itemize deductions could claim mortgage insurance premiums, which may lower taxable income for those buyers.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Higher income limit for mortgage insurance deduction

This bill would let more homeowners deduct mortgage insurance premiums. The income limit would rise to $200,000, or $100,000 if married filing separately. You would still need to itemize and have eligible mortgage insurance. It would also remove the current sunset clause, so the deduction would not automatically expire. These changes would apply to taxable years beginning after December 31, 2025. The bill does not spell out the exact phase-out math.

Sponsors & CoSponsors

Sponsor

Buchanan, Vern [R-FL-16]

FL • R

Cosponsors

  • Rep. Panetta, Jimmy [D-CA-19]

    CA • D

    Sponsored 4/9/2025

  • Rep. Carey, Mike [R-OH-15]

    OH • R

    Sponsored 4/9/2025

  • Rep. Fitzgerald, Scott [R-WI-5]

    WI • R

    Sponsored 4/9/2025

  • Rep. Steil, Bryan [R-WI-1]

    WI • R

    Sponsored 4/9/2025

  • Rep. DelBene, Suzan K. [D-WA-1]

    WA • D

    Sponsored 4/9/2025

  • Rep. Moore, Gwen [D-WI-4]

    WI • D

    Sponsored 4/9/2025

  • Rep. Schneider, Bradley Scott [D-IL-10]

    IL • D

    Sponsored 4/9/2025

  • Rep. Sherman, Brad [D-CA-32]

    CA • D

    Sponsored 4/9/2025

  • Rep. McBride, Sarah [D-DE-At Large]

    DE • D

    Sponsored 4/9/2025

  • Rep. Sánchez, Linda T. [D-CA-38]

    CA • D

    Sponsored 4/9/2025

  • Rep. Miller, Carol D. [R-WV-1]

    WV • R

    Sponsored 4/24/2025

  • Rep. Vindman, Eugene Simon [D-VA-7]

    VA • D

    Sponsored 9/17/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation