H.R.6758

Establishes a refundable tax credit for residential energy expenditures.

The UPLIFT Act amends the Internal Revenue Code to create a refundable tax credit for residential energy expenditures. This credit applies to individual taxpayers for electricity, natural gas, or propane used in their principal residence. The credit amount is reduced based on the taxpayer's modified adjusted gross income, with a maximum credit of $1,200 ($2,400 for joint filers). The credit is not affected by reimbursements from energy assistance programs and is not considered income for federal means-tested programs. The amendments apply to taxable years beginning after December 31, 2025.