HR 7768 · 119th Congress

Tax Relief for Renters Act of 2026

This bill creates a new tax break for people who rent their homes. Starting in 2027, renters can deduct up to one-twelfth of their annual rent payments from their taxable income, with a maximum deduction of $4,000 per year. This means if you pay $48,000 in rent annually, you could deduct $4,000 from your income befo…

Sponsor

Landsman, Greg (D-Ohio)

Introduced

2026-03-03

Policy area

Taxation