arrow_back Back to App

Making Mortgage Insurance Premium Tax Deduction Permanent.

This bill establishes a permanent right to deduct mortgage insurance premiums (PMI) from federal income taxes. Homeowners who pay this insurance will no longer face the uncertainty of the deduction expiring periodically. This change, effective retroactively to the beginning of 2023, helps reduce the annual tax burden for many mortgage holders.
Key points
The tax deduction for mortgage insurance premiums (PMI) is made permanent, removing the expiration date.
Homeowners can continue to lower their taxable income by deducting mortgage insurance costs.
The changes apply to payments made after December 31, 2022.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_3891
Sponsor: Rep. Brownley, Julia [D-CA-26]
Process start date: 2023-06-07
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Mortgage Insurance Tax Deduction Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3891.

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 2023-06-07.

What are the main provisions?

Key points include:

  • The tax deduction for mortgage insurance premiums (PMI) is made permanent, removing the expiration date.
  • Homeowners can continue to lower their taxable income by deducting mortgage insurance costs.
  • The changes apply to payments made after December 31, 2022.
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. Brownley, Julia [D-CA-26].

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 2025-12-30.

CATEGORIES

Taxes Real Estate