The Health Investment Zones Act of 2026 creates a program to designate areas with significant health disparities as "Health Investment Zones" to improve health outcomes. The bill provides tax incentives including a new 30% tax credit for wages paid to qualified Health Investment Zone workers and incentive payments for Medicare services provided in these zones. It also establishes a grant program for community organizations to fund health care improvements and a student loan repayment program for health care practitioners working in designated zones. Areas must meet specific criteria related to income levels, health outcomes, and documented health disparities to qualify for designation, with zones designated for 10 years.
The FIREWALL Act creates a refundable tax credit allowing homeowners to claim 50% of eligible expenses for disaster mitigation improvements made to their primary residence, up to $25,000 annually. Eligible improvements include fire-resistant roofing, flood barriers, storm shelters, and vegetation management, but only for homes located in areas affected by federal disaster declarations within the last decade. The credit phases out for taxpayers with adjusted gross income over $200,000 and excludes costs reimbursed by insurance or government programs. This policy applies to tax years beginning after December 31, 2024, aiming to encourage property resilience against natural disasters like wildfires and floods.
S 1480 (American Infrastructure Bonds Act of 2025) creates a tax credit for state and local governments that issue qualifying infrastructure bonds. It allows issuers to receive a 28% credit from the Treasury on each interest payment made on these bonds, paid simultaneously with the interest. The bonds must meet specific criteria: interest would normally be tax-exempt under federal law, they cannot be private activity bonds, and the issuer must elect to use this credit. This provision reduces the cost of issuing infrastructure bonds for governments, making it cheaper to finance projects like roads, bridges, and water systems.
This bill creates two new tax credits to support homebuyers. It provides a first-time homebuyer credit of up to $50,000 for down payments on primary residences, with income limits ($150,000 single filers, $225,000 head of household, $300,000 joint filers). A separate starter home construction credit offers 15% (30% for first-time buyers) of costs for new homes under 1,200 square feet priced at or below 80% of local median home prices. The credits require repayment if the home is sold or no longer used as a primary residence within five years, with exceptions for new purchases, death, divorce, or military service.
This bill creates a new federal tax credit for low-to-moderate income homeowners to offset energy costs. It allows a 75% credit for energy expenses (heating/cooling) exceeding 3% of a taxpayer’s modified adjusted gross income, capped at $1,500 annually ($3,000 for joint filers), and only applies to principal residences. The credit is available to individuals with modified AGI under $75,000 ($150,000 for joint returns), beginning in 2025 and expiring after 2027. It directly affects eligible homeowners facing high energy bills relative to their income, without altering other tax provisions.
HR 6634 would establish a refundable tax credit providing $667 per month for each child aged 2-4 who receives early childhood education and lives with the taxpayer. The credit would be reduced for households earning above 300% of the poverty line, with monthly advance payments made directly to eligible families rather than as a yearly tax refund. To qualify, children must be enrolled in an early childhood education program (including licensed private prekindergarten), receive care from the taxpayer, and meet specific residency requirements. The bill includes provisions to prevent fraud, coordinate with other government programs, and adjust payments for inflation starting in 2026, with the credit applying to taxable years beginning after December 31, 2025.
This bill creates a new federal tax credit for homeowners who pay for flood insurance on their primary residence. It allows a credit equal to up to $1,500 for federal flood insurance, up to $3,000 (50% of private insurance costs), and up to $600 for contents coverage, with income-based phaseouts reducing the credit for higher earners. The credit applies only to insurance for a taxpayer's main home and takes effect for tax years beginning after December 31, 2025. It directly affects homeowners in flood-prone areas who purchase qualifying flood insurance policies.
HR 1878 creates a new federal tax credit for out-of-pocket expenses related to fertility treatments like IVF. It allows eligible taxpayers to claim a credit equal to up to $20,000 per year (or $40,000 for joint filers) for qualifying expenses, subject to income limits ($200,000 AGI for individuals, $400,000 for couples). The credit phases out for taxpayers earning above these thresholds and cannot be claimed for expenses covered by insurance or other deductions. This directly affects individuals and couples seeking fertility treatments who pay for them out-of-pocket.
This bill would exclude certain union-provided payments to workers during strikes from taxable income. Specifically, it adds a new tax code section (139M) to exempt "qualified strike benefits" - payments from tax-exempt labor organizations (like unions) that replace lost wages during strikes, lockouts, or work stoppages arising from labor disputes - from gross income calculations. The change applies to compensation received after December 31, 2025, and also updates the Earned Income Tax Credit rules to include these excluded benefits. It directly affects union members who lose wages due to labor disputes and rely on union financial support during work stoppages.
