New tax credit gives renters up to $4,000 per year.
H.R. 10613 — Housing COST Act · Filed by Derek Tran (D-CA) · Introduced Sep 24, 2026 · Referred to committee
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What it does
The bill creates a tax credit for people who rent their main home. Renters can get back 8.5 to 11 percent of rent paid each year. The credit caps at $4,000. The credit starts in 2027 and ends in 2034. People earning under $150,000 per year can use it.
Who it affects
Renters who earn under $150,000 per year get the credit. Families with children get a bigger credit than people without kids.
One thing to notice
The credit is capped at fair-market rent set by the government. In expensive cities, renters paying more than that cap get no credit on the extra.
From the analysis of the bill text, linked under Primary records below.
Where it stands
- Sep 24, 2026 — Introduced · Congress.gov: “Introduced in House”
- Sep 24, 2026 — Referred to House Committee on Ways and Means · Congress.gov: “Referred to the House Committee on Ways and Means”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- tax credit — Money the government gives back to reduce what you owe in taxes.
- fair-market rent — The typical rent price for a home in your area, set by the government.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (7,717 characters) on Sep 28, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-10-20.
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