A bill to amend the Internal Revenue Code of 1954 to allow individuals a deduction for excessive fuel costs incurred in heating their principal residences.

Amends the Internal Revenue Code to allow homeowners and renters of principal residences an income tax deduction from gross income for 60 percent of their home heating costs incurred between months of October and March. Limits such deduction to the lesser of such home heating costs in excess of six percent of the taxpayer's adjusted gross income or $1,000.