Little known Louisiana tax rebate could add dollars to your refund

POSTED: Thursday, March 8, 2012 - 3:45pm

UPDATED: Thursday, March 8, 2012 - 5:08pm

With tax season in full swing the State Department of Insurance wants to remind property owners to make sure you claim all possible rebates. Specifically, your Louisiana Citizens assessment rebate.

You can still submit your rebate claim for 2008 to 2011.

Roughly $260-million or 65-percent of rebate funds went unclaimed last year.

To find out if you qualify you should check your insurance policy declaration page to see if the Citizens assessment is listed as a charge.

Commissioner Jim Donelon says a lot of people don't know about the rebate, but it's definitely worth claiming.

"I got stopped at the cleaners last week by a lady from Kenner who recognized me and said her business is in Kenner, a medical supply business, her accountant had not known about it either,” he told NBC33 News. “She got $22-hundred!"

If the funds are not claimed before that particular years rebate deadline, all the money goes back into the state's general fund.

How to claim your rebate:

OPTION 1:
-Fill out form R-5401NS for each year that you paid the Citizens assessment.
-Attach your insurance declaration page.
-Mail or fax it to the Louisiana Department of Revenue.

OPTION 2:
-Claim the rebate on your Louisiana Individual Income Tax Return.
-Attach your insurance declaration page.

The option to claim the 2008 rebate will expire at the end of 2012.

There are plenty more great tax tips to be found here on NBC33's website. Click here to go to our Tax Tips section.

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