Rick Scott pushes again for homeowners’ insurance tax break

Sen. Rick Scott is running back a bill that could offset insurance costs for homeowners in Florida and everywhere else.

The Homeowners Premium Tax Reduction Act would offer an above-the-line tax deduction of up to $10,000 for premiums on primary residences.

That would accommodate median homeowners everywhere in the state, including Miami, where the average policyholder pays just over $5,000 a year.

“While property insurance is managed on the state level, the federal government has the opportunity to lower costs for families by establishing an above-the-line federal tax deduction for homeowners insurance premiums. My Homeowners Premium Tax Reduction Act is a great opportunity to directly ease this burden and give families more breathing room in their budgets,” Scott says