Act Now: Arizona Seniors & Low-Income Families Can Save with IRA

TL/DR –

Arizona’s seniors and low-income families are facing financial difficulties due to rising living costs. Linda Somo, President of the Arizona Alliance for Retired Americans, recommends that these groups utilize tax credits provided by the Inflation Reduction Act and the Infrastructure Investment and Jobs Act to reduce energy bills and healthcare costs, which are particularly affected by inflation and extreme heat in the state. In addition to easing financial strain, these credits can also be used for home upgrades that improve health by allowing better regulation of indoor temperatures and air quality.

Relief for Arizona Seniors and Low-Income Families

Arizona seniors and low-income families constantly wrestle with mounting expenses. As President of the Arizona Alliance for Retired Americans, I see this struggle and its impact on quality of life. To help, I recommend leveraging tax credits via the Inflation Reduction Act and Infrastructure Investment and Jobs Act.

Reducing Energy Costs for Fixed Incomes

Seniors and low-income families often live on fixed incomes, limiting their financial flexibility. In Arizona, air conditioning is a necessity, only increasing energy expenses. The Weatherization Assistance Program assists these groups in managing these costs. Tax credits through the Inflation Reduction Act can also cover 30% of energy-efficient improvements.

In 2023, over 3.4 million American families used $8.4 billion in tax credits for clean energy upgrades, says the Office of Economic Policy. These savings provide significant relief for those on fixed incomes.

Health Benefits and Climate Change

Arizona’s extreme heat is dangerous for seniors and vulnerable communities. The Inflation Reduction Act and Infrastructure Investment and Jobs Act support clean energy initiatives that help reduce exposure to heat-related hazards. Upgrades also have health benefits: the Centers for Disease Control and Prevention note that heat can exacerbate illnesses, particularly in seniors.

Act Now for Financial Relief

The programs above are currently benefiting many in Arizona, but their future is uncertain. Take action, and secure these benefits while available. The Arizona Alliance for Retired Americans is committed to helping navigate these opportunities. Learn more at azaffordableenergyseniors.org.

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