Homestead Disaster Tax Credit

How it works

The Homestead Disaster Tax Credit gives Missouri individual taxpayers a credit against state income tax for an insurance deductible incurred on a primary residence during the 2025 calendar year, if the loss was caused by a disaster for which the governor requested a presidential disaster declaration. The program is tied to disaster recovery, not to pre-disaster hardening work. The Department of Revenue says no new credits may be authorized after October 15, 2026.

What the money covers

The official page does not describe covered repairs in detail. It focuses on the deductible the taxpayer had to pay on a homeowner’s or renter’s insurance claim for damage to the homestead after a qualifying disaster.

Amounts and limits

The credit is up to $5,000. It is not refundable. It can be transferred, sold, assigned, and carried forward for up to 29 subsequent tax years if needed. The department also caps how much credit may be redeemed statewide in each fiscal period.

How to apply

Taxpayers must file Form 5926, the Homestead Disaster Tax Credit Affidavit, with their Missouri individual income tax return and attach Form MO-TC plus the document provided by the insurance company.

Timing and deadlines

The page says to continue filing 2025 returns claiming the credit. It also says no new credits may be authorized after October 15, 2026.