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II
118TH CONGRESS
1ST SESSION
S. 1938
To amend the Internal Revenue Code of 1986 to increase the income cap
with respect to the mortgage insurance premium deduction, and to make
such deduction permanent.
IN THE SENATE OF THE UNITED STATES
JUNE 13, 2023
Ms. HASSAN (for herself and Mr. TILLIS) introduced the following bill; which
was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to increase
the income cap with respect to the mortgage insurance
premium deduction, and to make such deduction perma-
nent.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Middle Class Mortgage
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Insurance Premium Act of 2023’’.
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•S 1938 IS
SEC. 2. INCREASING THE INCOME CAP FOR AND MAKING
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PERMANENT THE MORTGAGE INSURANCE
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PREMIUM DEDUCTION.
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(a) IN GENERAL.—(1) Section 163(h)(3)(E) of the
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Internal Revenue Code of 1986 is amended—
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(1) in clause (ii), by striking ‘‘$100,000
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($50,000’’ and inserting ‘‘$200,000 ($100,000’’, and
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(2) by striking clause (iv).
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(b) EFFECTIVE DATE.—The amendments made by
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this Act shall apply to taxable years beginning after De-
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cember 31, 2021.
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