Middle Class Mortgage Insurance Premium Act of 2022

Senate Bill 3590 - Middle Class Mortgage Insurance Premium Act of 2022: Overview, Status, and Impact

Hozzl · 2022-12-29T21:18:19Z

Explore the details of Senate Bill 3590 Middle Class Mortgage Insurance Premium Act of 2022 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/29/2022, 9:18 PM

Congressional Summary of S 3590

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.

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Current Status of Bill S 3590

Bill S 3590 is currently in the status of Bill Introduced since February 7, 2022. Bill S 3590 was introduced during Congress 117 and was introduced to the Senate on February 7, 2022. Bill S 3590's most recent activity was Read twice and referred to the Committee on Finance. as of February 7, 2022

Bipartisan Support of Bill S 3590

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3590

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 3590

Middle Class Mortgage Insurance Premium Act of 2022

A 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.