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Tax Relief for Renters: Rent Deduction from Income

This new bill introduces the possibility of deducting a portion of rent expenses for a primary residence from taxable income. It aims to reduce the financial burden on renters, especially those with lower and middle incomes. The changes will take effect from 2025.
Key points
Ability to deduct up to $4,000 annually for rent paid for a primary residence.
Deduction available for individuals with an adjusted gross income not exceeding $100,000 (single), $125,000 (head of household), or $150,000 (joint filers).
The relief will also be available to individuals who do not itemize their deductions.
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Expired
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Additional Information
Print number: 118_HR_10277
Sponsor: Rep. Landsman, Greg [D-OH-1]
Process start date: 2024-12-03
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Tax Relief for Renters Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10277.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-12-03.

What are the main provisions?

Key points include:

  • Ability to deduct up to $4,000 annually for rent paid for a primary residence.
  • Deduction available for individuals with an adjusted gross income not exceeding $100,000 (single), $125,000 (head of household), or $150,000 (joint filers).
  • The relief will also be available to individuals who do not itemize their deductions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Landsman, Greg [D-OH-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Taxes Real Estate