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

Sitka, MEHS runners strong in weekend meet

The Sitka Invitational Cross Country Meet was held over the weekend (9-20-14). MEHS coach Josh Arnold and runners Brittany Woods-Orrison and James Simeonoff discussed the Braves' performance. Kelcie VonScheershcmidt, Erika Seehafer, and Colin Baciocco represented Sitka High. See complete results for the boys and girls events. more

Raven Rave: Tracy Gagnon

140825_TracyGagnon
Tracy Gagnon is a self-described "public radio addict" since discovering Raven Radio. She shares what the station means to her. What does it mean to you? Show your support here. more