To amend the Internal Revenue Code of 1986 to extend for one year the deduction for mortgage insurance premiums.

Bill: 114-hr-2162
Sponsor: full_name: Rep. Grayson, Alan [D-FL-9]
Introduced: 2015-04-30
Policy area: Taxation
Subjects: Housing finance and home ownership

Income tax deductions

Interest, dividends, interest rates
Latest action: action_date: 2015-04-30
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2015-04-30
action_desc: Introduced in House
text: <p>Amends the Internal Revenue Code to extend through 2015 the tax deduction for mortgage insurance premiums.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 2162 IN THE HOUSE OF REPRESENTATIVES April 30, 2015 Mr. Grayson 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 extend for one year the deduction for mortgage insurance premiums.

1. EXTENSION OF MORTGAGE INSURANCE PREMIUMS TREATED AS QUALIFIED RESIDENCE INTEREST (a) In General Subclause (I) of section 163(h)(3)(E)(iv) of the Internal Revenue Code of 1986 is amended by striking December 31, 2014 and inserting December 31, 2015 . (b) Effective Date The amendments made by this section shall apply to amounts paid or accrued after December 31, 2014.