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IRS: PFDs are taxable

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Posted: Sunday, September 23, 2012 12:01 am | Updated: 11:30 am, Mon Jan 21, 2013.

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.

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