Energy-relief share of last year's PFD not subject to income tax
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February 15, 2023
The IRS announced last Friday that most temporary relief checks issued by states in 2022 are not subject to federal income taxes, including the $662 energy-relief portion of last year’s $3,284 Alaska Permanent Fund dividend.
Alaska legislators last year added the energy-relief money to the annual PFD of $2,622 in a move to help residents hit hard by high prices for gasoline, diesel and heating fuel.
The IRS decision provides last-minute tax guidance as returns are starting to pour in.
The agency said it will not challenge the taxability of payments related to general welfare and disaster,...
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