The UPLIFT Act offers a tax credit to help people pay for energy costs in their homes. It aims to support families as energy prices increase, making it easier for them to manage these expenses.
If you pay for home energy, you could get a tax credit to help lower your costs.
Who this affects
Families · Individuals
What changes is this bill making?
1This bill creates a tax credit for people who spend money on energy for their homes.
2Individuals can receive up to $1,200, or $2,400 for joint filers, as a tax credit.
3The credit applies to expenses for electricity, natural gas, or propane used in homes.
4The credit starts for tax years after December 31, 2025, if energy prices rise.
5Higher income earners may receive a reduced credit based on their income level.
