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Middle Class Mortgage Insurance Premium Act of 2025
To amend the Internal Revenue Code of 1986 to increase the income cap for and make permanent the mortgage insurance premium deduction.
Summary
This bill would increase the income cap for the mortgage insurance premium tax deduction and make the deduction permanent. Currently, homeowners can only deduct private mortgage insurance premiums if their adjusted gross income is below $100,000 ($50,000 for single filers); the bill would raise this threshold to $200,000 ($100,000 for single filers). The bill would also remove the sunset provision that was set to expire the deduction. The changes would apply to taxable years beginning after December 31, 2025.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
12 cosponsors
- Rep. Carey, Mike [R-OH-15] (R-OH)
- Rep. DelBene, Suzan K. [D-WA-1] (D-WA)
- Rep. Fitzgerald, Scott [R-WI-5] (R-WI)
- Rep. McBride, Sarah [D-DE-At Large] (D-DE)
- Rep. Miller, Carol D. [R-WV-1] (R-WV)
- Rep. Moore, Gwen [D-WI-4] (D-WI)
- Rep. Panetta, Jimmy [D-CA-19] (D-CA)
- Rep. Sánchez, Linda T. [D-CA-38] (D-CA)
- Rep. Schneider, Bradley Scott [D-IL-10] (D-IL)
- Rep. Sherman, Brad [D-CA-32] (D-CA)
- Rep. Steil, Bryan [R-WI-1] (R-WI)
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA)
Money behind the sponsor
Top reported contributors to Vern Buchanan’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- SELECT MEDICAL CORPORATION $43,200
- FLORIDA CRYSTALS $16,100
- DERICK DERMATOLOGY $13,200
- BLACKSTONE $8,100
- CASL $7,609
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Vern Buchanan → · Outside spending →
Actions (2)
- Apr 9, 2025 Referred to the House Committee on Ways and Means. · house
- Apr 9, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
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
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. <all>
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