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United States · Bill · HR

H.R. 516 (115th)

Tax Benefit for Homeownership Clarification Act

referredUnited States· United States Congress· EN

Introduced

13 January 2017

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

11 August 2025

Summary

Tax Benefit for Homeownership Clarification Act This bill amends the Internal Revenue Code to reduce the limitation on the mortgage interest deduction for the acquisition indebtedness of certain taxpayers. (Acquisition indebtedness is indebtedness that: (1) is incurred in acquiring, constructing, or substantially improving any qualified residence of the taxpayer; and (2) is secured by such residence. It also includes refinancing of the debt in certain situations.)

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Documents

3 official files

Introduced in House (text)

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