H. R. 616 proposes a change to the Internal Revenue Code to increase the maximum amount of money that people can claim as a tax credit for certain home improvements. Specifically, it aims to double the current limit from $2,000 to $4,000 for the energy-efficient home...
Simple Explanation
This bill wants to let people get more money back on their taxes when they buy certain energy-saving home items like special heaters. It means they could save up to $4,000 each year instead of $2,000, helping people spend less on their energy bills and use less energy.