Middle Class Mortgage Insurance Premium Act of 2022

12/29/2022, 9:18 PM

Middle Class Mortgage Insurance Premium Act of 2022

This bill increases the adjusted gross income threshold for the phaseout of the mortgage insurance premium tax deduction and makes such deduction permanent.

Congress
117
Number
S - 3590
Introduced on
2022-02-07
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

2/7/2022
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Middle Class Mortgage Insurance Premium Act of 2022

This bill increases the adjusted gross income threshold for the phaseout of the mortgage insurance premium tax deduction and makes such deduction permanent.

Alternative Names
Official Title as IntroducedA bill to amend the Internal Revenue Code of 1986 to increase the income cap with respect to the mortgage insurance premium deduction, and to make such deduction permanent.
Policy Areas
Taxation

Comments

Related

Bill Update Alert:  Middle Class Mortgage Insurance Premium Act of 2021

Recent Activity

Latest Summary2/14/2022

Middle Class Mortgage Insurance Premium Act of 2022

This bill increases the adjusted gross income threshold for the phaseout of the mortgage insurance premium tax deduction and makes such deduction permanent.

Latest Action2/7/2022
Read twice and referred to the Committee on Finance.