HR 917 · in committee · significant
Mortgage Debt Tax Forgiveness Act of 2025
- taxes
- housing
What this bill does
- This bill makes permanent the tax exclusion for mortgage debt forgiveness on primary residences.
- Homeowners who have mortgage debt discharged are affected, up to $750,000 per person.
- The current expiration date of January 1, 2026 is removed, making the benefit permanent.
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Community Threads
Started by Cosponsor
- 01
How would making this mortgage forgiveness tax benefit permanent affect federal revenue compared to letting it expire in 2026?
- 02
Which homeowners would benefit most from this policy, and could it inadvertently encourage lenders to forgive debt for wealthy borrowers over struggling ones?
- 03
What evidence exists that permanent tax exclusion on mortgage forgiveness better supports housing stability than alternative approaches like down payment assistance or rent relief?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · D-CA-26
Julia Brownley
Citizen cosponsors
0
In Congress
0/ 435
House Reps cosponsoring
Introduced 2025-02-04
Legislative timeline
2025-02-04 · house · IntroReferral
Referred to the House Committee on Ways and Means.
2025-02-04 · IntroReferral
Introduced in House
2025-02-04 · IntroReferral
Introduced in House
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