US Codex
Bill
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Mortgage Debt Tax Forgiveness Act of 2025

H.R. 917 · 119th Congress · Feb 4, 2025 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to make permanent the exclusion from gross income of discharge of qualified principal residence indebtedness.

Section 1 Short title

This Act may be cited as the “Mortgage Debt Tax Forgiveness Act of 2025”.

Sec. 2 Permanent extension of exclusion from gross income of discharge of qualified principal residence indebtedness

(a)
In general— Section 108(a)(1)(E) of the Internal Revenue Code of 1986 is amended by striking “which is discharged” and all that follows and inserting a period.
(b)
Effective date— The amendment made by this section shall apply to indebtedness discharged after December 31, 2025.