To amend the Internal Revenue Code of 1986 to establish a refundable tax credit for individuals for amounts paid for gas and electricity for primary residences.

This bill would give people a refundable tax credit of up to $350 each year to help pay their home gas and electric bills for their primary home. Renters can qualify too if utilities are included in their rent. The credit equals what you paid for gas and electricity, up to $350 for the year .

Who can claim it is limited. If your income is above $200,000, or $400,000 for a married couple filing jointly, you can’t get the credit. You also can’t claim it if someone else can claim you as a dependent, and you can’t “double dip” by using the same utility costs for another tax credit or deduction. For renters whose utilities are included in rent, the landlord must give you and the IRS a statement by January 31 each year showing how much of your rent went to gas and electricity, so you can claim the credit correctly. (In tax terms, the income limit uses a measure called MAGI—your adjusted gross income plus certain excluded foreign or U.S. territory income.)

Key points

• Who is affected: Homeowners and renters paying for gas and electricity at their primary home; not available if you’re a dependent; not available above $200,000 income ($400,000 for joint filers).
• What changes: A new refundable tax credit up to $350 per year for your actual gas and electric costs; no double-claiming with other tax breaks for the same expenses .
• When: Claimed each tax year; landlords must provide annual utility cost statements by January 31 for the prior year.

Introduced January 22, 2025 by Josh S. Gottheimer · Last progress January 22, 2025