Deduction for homeowners insurance premiums

Bilirakis filed the Homeowners Premium Tax Reduction Act, which would allow an above-the-line deduction of up to $10,000 for homeowners insurance premiums on a primary residence. The proposal is intended to help address rising insurance costs for homeowners.

Context: The deduction is described as a filed bill, not an enacted policy; it applies to insurance for a primary residence.

In their own words

an above-the-line $10,000 tax deduction on homeowners insurance premiums for a primary residence

The source

Gus M. Bilirakis: Issues & Record ↗

Published: Original date not established; campaign context manually checked
Retrieved: 11/10/2026