H.R. 2760

[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.

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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

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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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