The H. R. 6861 bill proposes a change to the Internal Revenue Code of 1986 to offer a refundable tax credit for costs linked to protecting homes from wildfires. This credit is 25% of qualifying expenses, with a limit of $25,000 per year, but it reduces for people earning over...
Simple Explanation
The H. R. 6861 bill wants to help people make their homes safer from wildfires by giving them money back as a tax credit for doing things like putting special coverings on roofs and walls or clearing away bushes. But not everyone can get the same amount, and there are some rules that might make it tricky for some people to get the full help they need.