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

# Summary of HR 7768: Rental Housing Deduction Bill **What the Bill Would Do** HR 7768 would allow renters to deduct a portion of their rent payments from their federal income taxes. Currently, homeowners who have mortgages can deduct their mortgage interest, but renters get no comparable tax benefit. This bill would create a new tax deduction specifically for people who rent their primary residence, potentially reducing their taxable income and the taxes they owe. **Who It Affects** This bill would primarily benefit renters—currently about one-third of American households. It could make renting more financially attractive compared to homeownership by providing a tax advantage.

The bill could affect federal tax revenue if it results in lower tax payments from eligible renters. **Current Status** HR 7768 was introduced by Representative Greg Landsman (D-Ohio) in the 119th Congress. The bill is currently in committee, meaning it has not yet been debated or voted on by the full House of Representatives. It remains in the early stages of the legislative process with no specific details publicly available about the deduction amount or eligibility requirements.