HR 917
Mortgage Debt Tax Forgiveness Act of 2025
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 3:57 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill would make permanent the current tax law that allows homeowners to exclude the discharge of debt related to their primary residence from their income. Currently, homeowners can avoid paying taxes on up to $750,000 of mortgage debt if it was used to buy, build, or improve their home, or to refinance. This bill ensures this tax benefit remains in place indefinitely, providing stability for homeowners facing financial hardship.
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