The UPLIFT Act creates a new refundable tax credit to help households afford rising energy costs for electricity, natural gas, and propane at their primary residences. The credit provides up to $1,200 per person ($2,400 for joint filers or heads of household) but only applies in years when energy prices rise more than 2 percent compared to the previous year, automatically targeting relief to periods of significant inflation. Eligibility phases out for higher earners, with the full credit available to single filers making up to $75,000 annually ($150,000 for joint filers), declining to zero at $100,000 ($200,000 for joint filers). The law protects low-income beneficiaries by ensuring the tax credit refund doesn't count as income for other federal assistance programs and won't reduce existing energy assistance payments. The credit takes effect for tax years beginning after December 31, 2025.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.