How do I apply for the multi-generational home renovation credit in the U.S.?

Forum|Forum|2 years ago
February 22, 2024
1 reply
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I believe this is a tax credit for renovation on a primary home for living space for family members or relatives in need.

TurboTax Online

DawnC

Employee

That is a Canadian Tax Credit; this forum is US based. You can use the link below if you are in Canada.

TurboTax Community Canada I added below what I found from there..

The multigenerational home renovation tax credit (MHRTC) helps pay for changes made to a home so that an older or disabled person can live near a family member.

The maximum allowable credit is 15% of qualifying renovation costs, up to $50,000. Meaning, if you qualified for the full credit, you’d receive $7,500.

Find out if you’re eligible by completing the checklist at who can claim. Find out if your expenses are eligible by completing the checklist at expenses you can claim.

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