Uncategorized

Shaffer: Dividend "relief" may create tax headaches

SITKA, ALASKA Alaskans will start seeing permanent fund dividends deposited into the financial institutions of their choice tomorrow (Fri 9-12-08).
This is earlier than usual, and also more than usual: besides the actual dividend of $2,069 dollars, Alaskans will receive an additional one-time rebate of $1,200 dollars.
While lawmakers refer to the rebate as “energy relief,” for tax purposes, it’s considered the same as any other income. Come tax time next April, Alaskans – including children – will see significantly higher federal tax bills thanks to the combination of the dividend and the rebate.
KCAW’s Robert Woolsey recently talked with CPA Brad Shaffer about some of the tax pitfalls of this year’s dividend, and how to avoid them:
© Copyright 1970, Raven Radio Foundation Inc.

Comments

Please read our comment guidelines.

Recent News

After 75 years, family keeps Sitka Sentinel running

Image0_Sentinel
The Sitka Sentinel celebrated its 75th anniversary last year without much fanfare. As many newspapers in big cities have folded or turned into online only operations, the Sentinel has continued publishing five issues a week. The paper is owned and edited by Thad and Sandy Poulson, journalist who arrived in 1969 and are determined to keep the press running. more

Responders use cell phone signal to trace injured woman

Responders found the woman next to a piling under the downtown Forest Service dock. (KCAW photo, Rachel Waldholz)
An injured Sitka woman was safely transported to medical care on Monday, after responders located her using a cell phone signal. more