To amend the Internal Revenue Code of 1986 to establish a deduction for certain amounts paid for rent for a primary residence.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7768 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7768 To amend the Internal Revenue Code of 1986 to establish a deduction for certain amounts paid for rent for a primary residence. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 3, 2026 Mr. Landsman (for himself and Mr. Kean) 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 establish a deduction for certain amounts paid for rent for a primary residence. 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 ``Tax Relief for Renters Act of 2026''. SEC. 2. DEDUCTION FOR RENT PAYMENTS. (a) In General.-- (1) Deduction allowed.--Part VII of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by redesignating section 226 as section 227 and by inserting after section 225 the following new section: ``SEC. 226. RENT PAYMENTS. ``(a) In General.--There shall be allowed as a deduction an amount equal to \1/12\ the qualified rent expenses of the taxpayer for the taxable year. ``(b) Qualified Rent Expenses.--For purposes of this section, the term `qualified rent expenses' means, with respect to a taxable year, amounts paid or incurred to lease the primary residence of the taxpayer during the taxable year. ``(c) Limitations.-- ``(1) In general.--The deduction allowed under subsection (a) shall not exceed $4,000 for any individual in any taxable year. ``(2) Income limitation.-- ``(A) In general.--No deduction shall be allowed under subsection (a) in the case of an individual whose adjusted gross income for the taxable year exceeds the threshold amount. ``(B) Threshold amount.--