Bills · HR 7768
IN COMMITTEE· 119TH CONGRESS
House BillHR 7768Taxation
Tax Relief for Renters Act of 2026
INTRO MAR 3· LAST ACTION MAR 3
READING
3MIN
COSPONSORS
2BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because housing costs, especially rent, have been rising steadily across the country, making it harder for many Americans to afford living expenses. By creating a tax deduction for rent payments, this bill aims to provide direct financial relief to millions of renters, effectively putting a small amount of money back into their pockets each year. This could help offset some of the burden of high rents, making housing slightly more affordable.
If this bill becomes law, eligible renters could see a reduction in their annual tax bill, which could free up funds for other necessities or savings. If it doesn't pass, renters will continue to pay taxes on their full income without any federal tax relief for their housing costs, which is a benefit currently largely enjoyed by homeowners through deductions like the mortgage interest deduction. This bill is a step towards providing more equitable tax treatment for renters.
KEY PROVISIONS
5AI-extractedPROVISION 01
Establishes a new federal tax deduction for rent paid on a primary residence.
This creates a direct tax benefit for renters, similar to benefits available to homeowners, helping to reduce their taxable income.
PROVISION 02
The deduction is calculated as one-twelfth (1/12) of annual qualified rent expenses, capped at $4,000 per individual per year.
This sets the maximum amount of tax relief a renter can receive and effectively means one month's worth of rent is deductible, limited to $4,000.
PROVISION 03
Includes income limitations for eligibility: $75,000 for single filers, $125,000 for joint filers, and other limits based on filing status.
These limits ensure the deduction primarily benefits middle to lower-middle income renters, excluding higher earners.
PROVISION 04
Allows taxpayers who take the standard deduction (non-itemizers) to claim this rent deduction.
This significantly broadens the reach of the benefit, as most taxpayers take the standard deduction and would otherwise miss out on housing-related tax breaks.
PROVISION 05
The deduction cap and income thresholds will be adjusted annually for inflation starting in 2027.
This ensures the value and relevance of the deduction keep pace with rising costs of living and inflation over time.
SPONSORSHIP
1 + 2
D· Ohio
YRS IN OFFICE
3
BILLS LED
33
COSPONSOR BREAKDOWNBIPARTISAN · 100%
DEM 1 REP 1 IND 0
ACTION TIMELINE
2 EVENTSMAR 3
Introduced in House
MAR 3
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 7768
Congress119th
StatusIn Committee
IntroducedMar 3, 2026
Last actionMar 3, 2026
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED MAR 3, 2026
House BillHR 7768Taxation
Tax Relief for Renters Act of 2026
INTRODUCED MAR 3, 2026· LAST ACTION MAR 3, 2026
PASSAGE CHANCES
—%
READING
3 min
COSPONSORS
2
COMPLEXITY
Moderate
