Creates a new tax credit to help families pay for rising home energy costs.
The UPLIFT Act would create a new refundable tax credit for individuals to help cover the costs of electricity, natural gas, or propane for their homes. This credit would be available when overall consumer prices for goods and services rise significantly. It would offer up to $1,200 for individuals or $2,400 for families to offset higher utility bills.
Today, there is no specific refundable tax credit tied to rising energy costs for residential use. If this bill becomes law, individuals could receive a tax credit of up to $1,200 (or $2,400 for families) for electricity, natural gas, or propane costs when overall consumer prices rise by more than 2% year-over-year. This would help to offset higher utility bills. These changes would take effect for tax years beginning after December 31, 2025.
HR 6758 · 119th Congress · December 16, 2025 · AI Summary by gemini-2.5-flash · 8/10
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