Creates a refundable tax credit for renters whose housing costs exceed 30% of their gross income, calculating the credit as an applicable percentage of the excess but ignoring any rent above 100% of the local small-area fair market rent (including utilities). It also requires the Secretary to establish a monthly advance-payment program within six months so eligible taxpayers can receive part of the credit in regular payments; the IRS must notify eligible taxpayers about the option and rules for elections, advance limits, and reconciliation apply.

The credit and advance-payment rules apply to taxable years beginning after December 31, 2025, and the Secretary may issue regulations to implement the program.