Disabled CO Residents Can Claim $5K For Home Modifications

From DOLA: The Department of Local Affairs (DOLA) has launched the Home Modification Tax Credit program that is designed to help individuals with an illness or disability who need to make their home more accessible due to health, welfare or safety reasons. The program allows for individuals to request a tax credit of up to $5,000 per year on home modifications.

The Home Modification Tax Credit bill, HB18-1267, was passed and signed into law with the vision that individuals with an illness or disability would not be deterred from retrofitting a residence for health, welfare, and safety reasons due to financial constraints. The measure ensures that individuals with an illness, impairment, or disability that necessitates a home modification; and an adjusted family income at or below the income limit of $150,000 for the 2019 income tax year, have the opportunity to make those modifications without financial worry.

“The ability to live independently in your home is a priority for many Coloradans, and we are happy to be able to provide a program that incentivizes those who are making their homes more accessible and self-sufficient,” said Alison George, Division Director for DOLA’s Division of Housing.

The maximum tax credits per year are limited to $1,000,000 and the program was launched on January 1, 2019.

To learn more about the program and eligibility criteria, please visit: http://bit.ly/2shjPr0.

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