Financial Assistance for Individual Residents
Colorado's Home Modification Tax Credit helps residents with disabilities retrofit their homes for greater accessibility and independence through financial support for accessibility upgrades.
Funder: Department of Local Affairs
Due Dates (Anticipated): April 2027 (Claim for Home Modification Tax Credit on state income tax return)
Funding Amounts: State income tax credit of up to $5,000 per eligible individual per tax year (2019–2028); credit available for each person in the family with a disability.
Summary: Provides a state income tax credit to help Colorado residents with disabilities or illnesses retrofit their homes for accessibility and independence.
Key Information: Eligibility extended to dependents and spouses; retrofits must be completed within eligible tax years.
Description
The Department of Local Affairs (DOLA) in Colorado offers a range of financial assistance programs for residents, including disaster recovery, homelessness and housing assistance, and a notable home modification tax credit. The Home Modification Tax Credit provides up to $5,000 per eligible individual to offset the costs of retrofitting residences for improved accessibility and independence for those with illnesses, impairments, or disabilities. Eligible modifications include ramps, grab-bars, widened doorways, and specialized kitchen or bathroom facilities. The program is designed to support residents and their families in creating safer, more accessible living environments.
