Energy Burden Tax Credit Act establishes a tax credit for energy expenses exceeding 3% of income.

The Energy Burden Tax Credit Act amends the Internal Revenue Code to introduce a new tax credit for energy expenses. The credit equals 75% of qualified energy expenses exceeding 3% of the taxpayer's modified adjusted gross income. The credit is capped at $1,500 for individual filers and $3,000 for joint filers, and is not available to those with modified adjusted gross income over $75,000 (or $150,000 for joint filers). The credit is set to expire after 2027.

Energy Burden Tax Credit Act establishes a tax credit for energy expenses exceeding 3% of income.

The Energy Burden Tax Credit Act amends the Internal Revenue Code to introduce a new tax credit for energy expenses. The credit equals 75% of qualified energy expenses exceeding 3% of the taxpayer's modified adjusted gross income. The credit is capped at $1,500 for individual filers and $3,000 for joint filers, and is not available to those with modified adjusted gross income over $75,000 (or $150,000 for joint filers). The credit is set to expire after 2027.