SAFE HOME Act

Refundable wildfire home hardening credit

If enacted, you would be able to claim a refundable tax credit equal to 25% of qualifying wildfire mitigation costs. The credit would be limited to $25,000 per tax year before the income phaseout. The $25,000 cap would be reduced once your adjusted gross income is over $200,000 and would reach zero by $300,000; those dollar thresholds would be inflation-adjusted after 2024. The credit would apply only to work on your primary residence in the U.S. or its territories in eligible wildfire areas. Qualifying costs include roof upgrades to Class A, ignition-resistant doors/windows/decks/fences, sprinklers or hydration systems, removing or replacing flammable vegetation, fuel or fire breaks, and air filters. The credit would be refundable, would not cover costs paid or reimbursed by a government, would require documentation to the IRS, would apply to tax years starting after Dec. 31, 2024, and would not apply to expenses made after Dec. 31, 2032.