Don’t Miss This Refund for Louisiana Taxpayers

Heads up on one more way to save on your taxes this year.

All Louisiana taxpayers who pay homeowners insurance are due a 4.3% refund this year.  You probably know that state homeowners insurance policies include a 4.3% Louisiana Citizens Insurance assessment on top of the premium.  This assessment is designated to pay for bonds for the damages of Hurricanes Katrina and Rita.   However in years when there are no large catastrophes, LA Citizens collects enough premiums to cover their cost of operations.

You can file for the refund on your regular Louisiana tax return form or by using form R-540INS, which can be downloaded from the state Department of Revenue website. For more information and to get answers to any questions you might have, go to this Louisiana Department of Revenue site, which includes form R-540INS.