Congress·In Committee·H.R. 7768

Reps. Landsman and Kean Introduce Bipartisan Bill to Create $4,000 Tax Deduction for Renters

Tax Relief for Renters Act of 2026

17 days ago·View on Congress.gov

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Key Points

This bill creates a new federal tax deduction for renters, allowing them to deduct about one month's worth of rent on their primary residence. The maximum deduction is capped at $4,000 per person per year.
From policy text
“There shall be allowed as a deduction an amount equal to \1/12\ the qualified rent expenses of the taxpayer for the taxable year.”
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Only renters below certain income levels qualify. Single filers must earn under $75,000, heads of household under $80,000, and married couples filing jointly under $125,000. Those above these thresholds get nothing.
From policy text
“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.”
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The deduction is available even if you don't itemize your taxes — meaning people who take the standard deduction (the vast majority of filers) can still claim it. This is a big deal because most renters don't itemize.
From policy text
“Section 63(b) of such Code is amended by striking ``and'' at the end of paragraph (6), by striking the period at the end of paragraph (7) and inserting ``and'', and by adding at the end the following new paragraph: ``(8) the deduction provided in section 226.''.”
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Both the $4,000 cap and the income limits will be adjusted for inflation starting in 2028, so they won't lose value over time as prices rise.
From policy text
“In the case of any taxable year beginning after 2027, each of the dollar amounts in subsection (c) shall be increased by an amount equal to-- ``(A) such dollar amount, multiplied by ``(B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins”
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The bill is bipartisan, introduced by Rep. Landsman and Rep. Kean, and would take effect for tax years beginning after December 31, 2026 — meaning it would first apply when renters file their 2027 taxes.
From policy text
“The amendments made by this section shall apply to taxable years beginning after December 31, 2026.”
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TaxesHousing

Impact Analysis

Personal Impact

Who is affectedScoreImpactCertaintyScopeDurationSentiment

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Milestones

2 milestones2 actions

Mar 3, 2026House

Referred to the House Committee on Ways and Means.

Mar 3, 2026

Introduced in House

Related News

2 articles

WRNJ Radio·16 days ago

Kean, Landsman introduce bipartisan bill to give renters tax deduction

U.S. Reps. Tom Kean Jr. and Greg Landsman introduced the Tax Relief for Renters Act, which would allow eligible renters to claim a personal income tax deduction of up to $4,000 annually for rent paid on their primary residence. The bill targets households earning under $125,000 for joint filers.

Targeted News Service·16 days ago

Landsman and Kean introduced the Tax Relief for Renters Act

Representatives Greg Landsman and Tom Kean Jr. introduced bipartisan legislation to establish a federal tax deduction for rent payments. The bill aims to provide relief to 22 million rent-burdened households by allowing a deduction of up to $4,000 per year for those under certain income limits.

Source Information

Document Type

Congressional Bill

Official Title

Tax Relief for Renters Act of 2026

Bill NumberHR 7768

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Ways and Means.

Sponsor

Cosponsors

(1)

R: 1

Data Sources

Congress.gov

Official legislative information

Analysis generated by AI. Always verify with official sources.