Where do you enter louisiana citizens fair plan regular assessment plus emergency assessment?

[BMcCalpin · Accepted solution]

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.

[wilsons1228]

How do you find it if it doesn't pop up to ask you about this?

[Irene2805]

If you are referring to the Louisiana Citizen Insurance Credit, this credit is no longer available.  Act 403 of the 2017 Regular Legislative Session ended the credit effective December 31, 2019.   [Instructions for Preparing Your 2020 Louisiana Resident Income Tax Return Form (IT-540)]

[Tdhovis]

I am sure their have been small changes. But I am a first time home owner as of mid 2020. How do I navigate to the sections referenced for home insurance. I can't seem to find it anywhere for the state tax credits when filing my state.

[DawnC]

Homeowner's insurance is not deductible on your federal return.   You aren't allowed to deduct the cost of homeowner's insurance for things like fire, casualty, or theft on your personal residence.

If your state has a specific tax credit related to home insurance, it will be in the credit section of the state return.    @Tdhovis