Home Mortgage Interest Credit Act of 2026
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- Jul 14, 2026
What it does
The Home Mortgage Interest Credit Act of 2026 would create a new tax credit allowing taxpayers to claim a dollar-for-dollar credit for qualified residence interest paid on their primary home mortgage, up to $2,000 annually for most filers ($1,000 for married individuals filing separately). The credit phases out for higher-income taxpayers, decreasing by $20 for every $1,000 of modified adjusted gross income above $150,000–$300,000 depending on filing status, and cannot be claimed alongside a deduction for the same interest. The credit would apply to taxable years beginning after December 31, 2026, with amounts adjusted for inflation starting in 2028, and nonresident aliens are ineligible.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.