HR 6109
Middle Class Mortgage Insurance Premium Act of 2021
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Middle Class Mortgage Insurance Premium Act of 2021, aims to help homeowners by increasing the income limit for deducting mortgage insurance premiums and making this deduction permanent. Currently, homeowners can only deduct these premiums if their adjusted gross income is below a certain level. This bill raises that income limit to $200,000, benefiting more middle-class families who rely on mortgage insurance.
Sponsors
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Primary sponsor
Ron Kind
Cosponsors
A. Drew, IV Ferguson
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