[real-eyes] Fw: [Tapinternet] TAP-I FW: [Modisabilaw] Tax Form Available for NewHome Access Tax Credit!

From: "Reginald George" <sgeorge@xxxxxxxxx>
To: <real-eyes@xxxxxxxxxxxxx>
Date: Tue, 16 Dec 2008 11:50:30 -0600

I thought some of you might be interested in or know of others who might be 
interested in the Tax credit for Residential accessibility.
From: modisabilaw-bounces@xxxxxxxxxxxx 
[mailto:modisabilaw-bounces@xxxxxxxxxxxx] On Behalf Of Marty Exline
Sent: Tuesday, December 16, 2008 10:10 AM
Subject: [Modisabilaw] Tax Form Available for New Home Access Tax Credit!

Good News!! Tax forms and instructions for Missouri's new Residential Dwelling 
Accessibility (DAT) Tax Credit are now available. This is the credit to help 
persons with disabilities and their family recover some of their expenses for 
home accessibility improvements. The credit is refundable, so a household 
doesn't have to owe any taxes to be eligible for a credit up to $2,500.

Missouri Assistive Technology initiated legislation for the credit in 2001. The 
bill came close several times and finally passed in the 2007 session! For the 
year, there will be only $100,000 available statewide, so you must file as soon 
as possible. How the program works:

You must file a 2008 state tax return (even if you owe no taxes), With your 
return, attach Forms MO-TC (for misc. tax credits) and MO-DAT to claim the DAT 
Credit. Both of these are SIMPLE ONE-PAGE forms. 

A person with a disability must be a permanent resident of the home. Persons 
(or a married couple filing jointly) who have a federal adjusted gross income 
(AGI) of $30,000 or less can get a credit to cover the costs of home access 
improvements up to $2,500. If the person or couple have a federal AGI of over 
$30,000 to $60,000, they may claim a credit to cover half of their expenses up 
to $2,500. 

You must have had expenses since January 1, 2008 to claim the credit. The 
access expenses must have been toward:

Modifying bathrooms for accessibility;

Constructing ramps to your home;

Installing stairway lifts;

Widening doorways or hallways;

Modifying hardware of doors;

Installing handrails or grab bars;

Moving electrical outlets and switches;

Installing or modifying fire alarms, smoke detectors, and other alerting 
systems;

Remember, the credit is issued on a first-come, first-served basis, so any 
claims received after the $100,000 has been met will be denied.  Instructions 
and tax forms can be found at the Dept. of Revenue's web site at: 
http://dor.mo.gov/tax/taxcredit/dat.htm

For more information, contact Marty Exline, Missouri Assistive Technology at 
mexline@xxxxxxxxxxx

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[real-eyes] Fw: [Tapinternet] TAP-I FW: [Modisabilaw] Tax Form Available for NewHome Access Tax Credit!

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