H.R. 948 — SAFE HOME Act

This section establishes a new refundable tax credit under new IRC §36C for individuals equal to 25% of qualified wildfire mitigation expenditures on a qualified dwelling unit (i.e., a primary residence located in the United States or a U.S. territory in a wildfire-declared area within the prior 10 years, an adjacent area, an area that received FEMA wildfire hazard mitigation assistance, or a community disaster resilience zone designated under 42 U.S.C. 5136 due to wildfire), up to a maximum of $25,000 per taxable year beginning after December 31, 2024. Qualified wildfire mitigation expenditures include costs for fire-resistant roofs (class A rating or better), ignition-resistant building components (e.g., vents, walls, doors, windows, decks), vegetation buffers and fuel breaks, fire maintenance, less flammable landscaping, and smoke prevention equipment (excluding any government-funded amounts). The maximum credit phases out for adjusted gross income over $200,000 (over a $100,000 range; inflation-adjusted after 2024 using 2023 as base year, rounded to nearest $50), and the credit terminates for expenditures after December 31, 2032.