U.S. Representatives Gus Bilirakis (R-FL) and Darren Soto (D-FL) have introduced the Homeowners Premium Tax Reduction Act, a bipartisan bill aimed at providing financial relief for American homeowners struggling with rising insurance costs. The legislation would allow homeowners to claim an above-the-line tax deduction of up to $10,000 annually for homeowners’ insurance premiums on their primary residence. Read: Florida Gov. DeSantis Awards $5.8 Million To Titusville-Cocoa Airport Authority For Improvements, 900 Jobs Projected “Floridians are grappling with historic inflation, including soarin…
