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119-hr-7768119th CongressWALLET
Tax Relief for Renters Act of 2026
Sponsored By: Representative Landsman, Greg [D-OH-1]
Introduced
Summary
Creates a new federal tax deduction for rent payments. This bill would let many renters lower taxable income by deducting part of the rent they pay on a primary residence, with rules on income limits and an annual cap.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
New tax deduction for renters
This bill would let you deduct one‑twelfth of the rent you paid to lease and occupy your main home during the year. The deduction would be capped at $4,000 per individual and would not be allowed if your adjusted gross income is above the limit for your filing status: $125,000 joint returns, $85,000 married filing separately, $80,000 head of household, and $75,000 single. The deduction would be available whether or not you itemize and would not be treated as a miscellaneous itemized deduction. The changes would apply to taxable years beginning after December 31, 2026, and the $4,000 cap and income limits would be increased for inflation for tax years after 2027, with increases rounded to the nearest $100.
Sponsors & CoSponsors
Sponsor
Landsman, Greg [D-OH-1]
OH • D
Cosponsors
Rep. Kean, Thomas H. [R-NJ-7]
NJ • R
Sponsored 3/3/2026
Rep. Figures, Shomari [D-AL-2]
AL • D
Sponsored 4/20/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov