Kean, Landsman Introduce Bipartisan Bill to Deliver Financial Relief to Renters

(March 3, 2026) WASHINGTON, D.C. - Today, Congressman Tom Kean, Jr. (NJ-07) and Congressman Greg Landsman (OH-01) introduced commonsense, bipartisan legislation to provide financial relief to millions of American renters. Representatives Kean and Landsman introduced the Tax Relief for Renters Act, which would put more money back into the pockets of Americans by allowing renters to claim a deduction of one month's rent on their personal taxes each year.

"Housing, a basic necessity, is way too expensive. New Jersey families who rent are facing costs that continue to outpace paychecks, stretching household budgets thin," said Congressman Tom Kean, Jr. "I'm glad to lead the bipartisan effort to give hardworking families more financial breathing room by allowing them to deduct a month of rent from their tax bill."

"Renters need relief, and right now, folks cannot keep up as rent is rising faster than wages in Southwest Ohio and across the country," said Congressman Greg Landsman. "Our bill will help ease the burden on families to afford their everyday expenses or save for a home."

More than 22 million renter households are spending over 30 percent of their income on housing costs. To help alleviate this financial burden, the Tax Relief for Renters Act would allow renters to claim a personal income tax deduction of up to $4,000 annually for rent paid on their primary residence. To be eligible, taxpayers' income cannot exceed $125,000 for married couples filing jointly, $80,000 for heads of households, or $75,000 for individuals.

Congressman Kean has also championed efforts to address homeownership affordability in the U.S. House of Representatives. In January 2026, he introduced the Make American Housing Affordable Act, legislation that would establish a new tax credit for Americans purchasing their primary home. He also led the fight to restore the full State and Local Tax (SALT) Deduction for middle-class families. In the 2025 Reconciliation package, Congressman Kean fought to quadruple the SALT deduction to $40,000, delivering a major victory for New Jersey homeowners.

The full text of the Tax Relief for Renters Act can be found HERE.

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