Can the fee that i paid on my Homeowners policy be credited on my La taxes (2005 La Fair Plan Emergency Assessment)

[lynett1951]

Can the 2005 LA Fair Plan Emergency Assessment from my Homeowners insurance policy,  be credited on my Louisiana tax returns? i know in the past it could $63.00 was the amount!

[BMcCalpin · Accepted solution]

The amount you paid for the Louisiana Citizens Fair Plan (or the Louisiana Citizens Coastal Plan) can be deducted in Louisiana on the state return.

First, you can only claim the credit in the year you paid the assessment. If you paid the assessment in 2018, then this is what you do. If in a prior year, you need to amend that return.

As you go through the Louisiana interview, you will eventually see a screen with the heading "Louisiana Homeowner's Insurance". If you paid for homeowner's insurance, answer "yes". The next screen will ask which kind of assessment you paid (if any).

Whether you click on the Louisiana Citizens Fair Plan or the Louisiana Citizens Coastal Plan, you will get the same next screen, which will ask you for the insurance company name, the policy number, and the amount of the assessment paid to either plan.

The result will appear on line 17 of form 540 or 540B.

Note: If you paid any of these assessments during the year, your credit is only the amount you paid toward these assessments, not your total homeowner's policy premium.