H.R. 4352: HOMES Act

H.R. 4352 is a federal bill in the 119th Congress. Currently, all owners of single-family residential rental properties can deduct interest paid on loans for those properties and deduct depreciation, which accounts for the property's wear and tear over time, from their federal taxes. This bill changes that… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.