Tax credit for home accessibility

Have you made changes to your home to make it more accessible for yourself or a person with a disability? You may be eligible to receive a $2,500 tax credit to help cover the costs, according to Jessica Adkins, Marketing and Development Director at Access II Independent Living Center in Gallatin.
Missouri’s Residential Dwelling Accessibility Tax Credit is a $2,500 refunda ble tax credit to be applied towards making a home accessible for someone living with disability. A refundable tax credit can reduce your tax liability below zero. There is a statewide $100,000 cap per fiscal year, and the tax credits are issued first-come, first-serve. The current version is in place until at least 2027.
More information about this program is available from Access II Independent Living Center at 888-663-2423, or you can ask your tax professional for more information about the Residential Dwelling Accessibility Tax Credit.
HOW TO CLAIM IT: Claimants must attach Forms MO-DAT and MO-TC to their tax return and file their return by April 15 of the applicable fiscal year. A taxpayer cannot receive the tax credit two years in a row.
WHO IS ELIGIBLE?
• If you make less than $30,000, you can receive a tax credit at 100% of the cost up to $2,500.
• If you make between $30,000 and $60,000, you can receive a tax credit at 50% of the cost up to $2,500.
WHAT IS ELIGIBLE? Improvements to a home, including: • constructing entrance or exit ramps • widening interior or exterior doorways or hallways • installing handrails or grab bars • moving electrical outlets and switches • installing stairway lifts • installing or modifying fire alarms, smoke detectors, or other alerting systems • modifying hardware or doors • modifying bathrooms