H.R. 9411 is a bill introduced in the House of Representatives on August 27, 2024, aiming to amend the Internal Revenue Code of 1986. The proposed amendment intends to establish an above-the-line deduction for homeowners, allowing them to deduct up to $10,000 of qualified...
Simple Explanation
H.R. 9411 is a proposed law that would let people lower the amount of money they pay taxes on by taking off up to $10,000 of what they spend on insurance for their main house each year.