Middle Class Mortgage Insurance Premium Act of 2022
This bill increases the adjusted gross income threshold for the phaseout of the mortgage insurance premium tax deduction and makes such deduction permanent.
To amend the Internal Revenue Code of 1986 to increase the income cap 
 with respect to the mortgage insurance premium deduction, and to make 
                       such deduction permanent.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Middle Class Mortgage Insurance 
Premium Act of 2022''.

SEC. 2. INCREASING THE INCOME CAP FOR AND MAKING PERMANENT THE MORTGAGE 
              INSURANCE PREMIUM DEDUCTION.

    (a) In General.--(1) Section 163(h)(3)(E) of the Internal Revenue 
Code of 1986 is amended--
            (1) in clause (ii), by striking ``$100,000 ($50,000'' and 
        inserting ``$200,000 ($100,000'', and
            (2) by striking clause (iv).
    (b) Effective Date.--The amendments made by this Act shall apply to 
taxable years beginning after December 31, 2021.
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Middle Class Mortgage Insurance Premium Act of 2022
A bill to amend the Internal Revenue Code of 1986 to increase the income cap with respect to the mortgage insurance premium deduction, and to make such deduction permanent.
Middle Class Mortgage Insurance Premium Act of 2022
Sen. Hassan, Margaret Wood