FAIRBANKS — Alaskans need to set aside some of their Permanent Fund Dividend checks for the federal government. This year’s $878 dividend counts as taxable income, the IRS stated in a news release this week.
Dependent children whose only income is the 2012 PFD will not be required to file a tax return this year, however. Dependents must file a tax return if they have unearned income greater than $950.
For more information, go online to www.irs.gov/taxtopics/tc553.html.