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Flood Insurance Tax Relief: Premium Deduction

This new law allows individuals to deduct flood insurance premiums from their taxable income. This could reduce the amount of tax owed for many property owners, especially those in flood-prone areas. The relief applies to both public and private flood insurance, but has an income limit.
Key points
Ability to deduct flood insurance premiums from income, reducing taxes.
The deduction applies to both public and private flood insurance.
The deduction is available for individuals with an annual income not exceeding $200,000 ($400,000 for joint filers).
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4494
Sponsor: Rep. Donalds, Byron [R-FL-19]
Process start date: 2025-07-17
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Flood Insurance Relief Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4494.

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 2025-07-17.

What are the main provisions?

Key points include:

  • Ability to deduct flood insurance premiums from income, reducing taxes.
  • The deduction applies to both public and private flood insurance.
  • The deduction is available for individuals with an annual income not exceeding $200,000 ($400,000 for joint filers).
What is the specific legal status?

The current status is Introduced.

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. Donalds, Byron [R-FL-19].

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 2025-12-23.

CATEGORIES

Taxes Real Estate