SAFE HOME Act

This bill would give homeowners a refundable tax credit to help pay for wildfire safety work on their main home. It would cover 25% of qualified, unreimbursed costs, up to $25,000, and would be available through 2032. The credit starts shrinking for people with adjusted gross incomes over $200,000 and goes away completely at $300,000. Examples of covered work include making roofs more fire-resistant; adding ignition-resistant materials and vents; installing structure-specific water systems; creating a safe buffer around the home or replacing flammable plants; doing fire maintenance; and adding smoke protection like air filters.

To qualify, the home must be your primary residence in the United States and be in an area with recent wildfire disaster activity or similar risk designations (such as places that got federal hazard mitigation help in the past 10 years, are next to a federally declared wildfire disaster area, or are designated community disaster resilience zones).

Key points

• Who is affected: Homeowners in eligible wildfire-risk areas, for their main home.
• What changes: A refundable tax credit for 25% of qualified wildfire safety costs, up to $25,000; only for expenses not covered by insurance or other payments.
• Income limits: Phases out between $200,000 and $300,000 adjusted gross income.
• When: Available through 2032.