State of Colorado Income Tax Credit up to $5000 for Home Modifications

The Income Tax Credit for Retrofitting Home for Health bills (HB18-1267, HB19-1135 and SB23-196) created a state income tax credit to help people with an illness, impairment or disability retrofit their residence for greater accessibility and independence. It allows for up to a $5,000 credit per person in the family with a disability. The credit is available for home modifications completed in tax years 2019 through 2028.

Changes made to the residence may include, but are not limited to:

  • Installing or building ramps

  • Modifying bathrooms

  • Installing grab-bars

  • Widening doorways

  • Modifying kitchen facilities

  • Installing specialized electric and plumbing systems that are necessary to accommodate medically necessary equipment and supplies

READ MORE ABOUT THIS OPPORTUNITY Home Modification Tax Credit