The Georgia Disabled Person Home Purchase or Retrofit Credit (Tax Credit 201) allows eligible individuals with disabilities to claim a Georgia income tax credit for purchasing a residence or retrofitting an existing residence to include qualifying accessibility features. This credit is intended to help eligible disabled taxpayers improve accessibility in their homes.
Eligibility and Credit Amount
- Eligible Individuals: A taxpayer must meet the Georgia requirements for a qualifying disabled person to claim this credit. The taxpayer should maintain appropriate documentation supporting eligibility, as required by the Georgia Department of Revenue.
- Home Purchase Option: A credit of up to $500 may be available when a qualifying residence is purchased and includes all required accessibility features specified under Georgia law.
- Home Retrofit Option: A credit of $125 per qualifying accessibility feature may be claimed for retrofitting an existing residence, up to a maximum of four qualifying features. The maximum credit allowed is $500 per residence.
Claiming the Credit
Complete Form IND-CR 201 – Disabled Person Home Purchase or Retrofit Credit to claim the credit.
Form IND-CR 201 is used to calculate the allowable credit amount, including:
- Any available credit carryover from prior years.
- The current-year credit amount based on qualifying home purchase or retrofit expenses.
- The amount of credit allowed for the current tax year.
- Any unused credit available for carryforward, if applicable.
Attach Form IND-CR 201 to your Georgia individual income tax return (Form 500 or Form 500X, if applicable).
The credit is non-refundable and may be carried forward to future tax years if the taxpayer cannot use the entire allowable credit in the current year.
Important Notes
- The credit may only be claimed for qualifying home purchases or retrofit improvements that meet Georgia requirements.
- Taxpayers should retain documentation supporting disability eligibility, residence purchase information, retrofit improvements, and qualifying accessibility features.
- The credit cannot exceed the taxpayer’s Georgia income tax liability because it is a non-refundable credit.
- Any unused credit may be carried forward according to Georgia Department of Revenue rules.
- Taxpayers should refer to the current Form IND-CR 201 instructions for the applicable calculation method and reporting requirements.
Source:
Form IND-CR 201 - State of Georgia Individual Credit Form
Form 500 Instruction Booklet - Disabled Person Home Purchase or Retrofit Credit
Disclaimer: Always verify details with the Georgia Department of Revenue’s official forms and instructions. Tax rules may vary by state and year. For complex situations, consult a CPA or tax professional.