FLOAT Act would help Americans afford flood insurance premiums

Bipartisan legislation recently introduced in Congress would provide an above-the-line deduction for flood insurance premiums to help keep them affordable for Americans. © Shutterstock “To keep families from drowning in premium costs, this bill will provide a $1,000 annual tax credit for flood insurance,” said U.S. Rep. Josh Gottheimer (D-NJ), who sponsored the Flood Loss…