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119-hr-918119th CongressWALLET

Mortgage Insurance Tax Deduction Act of 2025

Sponsored By: Representative Brownley, Julia [D-CA-26]

Introduced

Summary

Makes the mortgage insurance premium tax deduction permanent. This bill would amend section 163(h)(3)(E) of the Internal Revenue Code to remove the temporary limit so premiums paid or accrued after December 31, 2024 remain deductible.

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Bill Overview

Analyzed Economic Effects

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

Permanent mortgage insurance deduction for homeowners

This bill would make the tax deduction for mortgage insurance premiums permanent. You could deduct premiums you pay or accrue after December 31, 2024, if you qualify. You would need to pay mortgage insurance and meet the usual section 163(h)(3) rules. The bill would not change who qualifies or the other limits under that rule. If eligible, this could lower your federal income tax.

Sponsors & CoSponsors

Sponsor

Brownley, Julia [D-CA-26]

CA • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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