H.R. 917: Mortgage Debt Tax Forgiveness Act of 2025

119th Congress · introduced 2025-02-04 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Official title

Mortgage Debt Tax Forgiveness Act of 2025

Plain summary

Mortgage Debt Tax Forgiveness Act of 2025 This bill makes permanent the exclusion of the discharge of qualified principal residence indebtedness from gross income for federal tax purposes. Under current law, a taxpayer may generally exclude from gross income up to $750,000 (or $375,000 if married but filing a separate federal tax return) from the discharge of indebtedness that is (1) incurred to purchase, build, or substantially improve a principal residence (or refinance such indebtedness); and (2) secured by the principal residence. The discharge must currently occur before January 1, 2026, and some limitations apply.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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Official text

Mortgage Debt Tax Forgiveness Act of 2025

Source: Congressional Research Service summary (Introduced in House)

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Officials and money

Sponsor: Rep. Brownley, Julia [D-CA-26] · 0 cosponsors

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Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr917.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr917 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills