119-hr2760

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2760 Introduced in House

    (IH) ]

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119th CONGRESS
 1st Session
 H. R. 2760

 To amend the Internal Revenue Code of 1986 to increase the income cap 
 for and make permanent the mortgage insurance premium deduction.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 April 9, 2025

Mr. Buchanan (for himself, Mr. Panetta, Mr. Carey, Mr. Fitzgerald, Mr. 
Steil, Ms. DelBene, Ms. Moore of Wisconsin, Mr. Schneider, Mr. Sherman, 
Ms. McBride, and Ms. Sanchez) introduced the following bill; which was 
 referred to the Committee on Ways and Means

_______________________________________________________________________

 A BILL

 To amend the Internal Revenue Code of 1986 to increase the income cap 
 for and make permanent the mortgage insurance premium deduction.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Middle Class Mortgage Insurance 
Premium Act of 2025''.

SEC. 2. INCREASING THE INCOME CAP FOR AND MAKING PERMANENT THE MORTGAGE 
 INSURANCE PREMIUM DEDUCTION.

    (a) In General.--

    (1) Section 163

    (h)

    (3)
        (E) of the Internal Revenue 
Code of 1986 is amended--

    (1) in clause
            (ii) , by striking ``$100,000 ($50,000'' and 
 inserting ``$200,000 ($100,000'', and

    (2) by striking clause
            (iv) .

    (b) Effective Date.--The amendments made by this Act shall apply to 
taxable years beginning after December 31, 2025.
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