| SACRAMENTO — Assemblywoman Kate Sanchez (R-Temecula) has introduced AB 1620, legislation to provide relief for California homeowners by allowing a full state income tax deduction for homeowners’ insurance premiums on a primary residence.
California homeowners are facing rising insurance costs and fewer coverage options. In many areas, insurers have reduced or stopped writing new policies, forcing families into more expensive, limited plans. These pressures are hitting hardest for seniors on fixed incomes and working families already struggling with the high cost of living.
“Homeowners across California are being pushed to the brink by rising insurance costs,” said Assemblywoman Kate Sanchez. “AB 1620 provides real relief by putting money back in their pockets and helping them stay in their homes.”
AB 1620 provides a straightforward solution by allowing homeowners to deduct the full cost of their insurance premiums from their state taxes, helping offset these increases and keep more Californians in their homes. The deduction would begin in the 2026 tax year and remain in place through 2031. The proposal builds on existing tax deductions for mortgage interest and property taxes, reinforcing long-standing policies that support homeownership.
“For many seniors and families, this is the difference between staying in their home or being forced out,” Sanchez said. “This is a common-sense step to bring relief to Californians who need it most.”
AB 1620 is supported by the California Association of Realtors, the Southern California Rental Housing Association, and the Southwest California Legislative Council. |
