Hamer recommends that people who have already filed should return to their original tax preparer for the amended filing. “You have to explain only if you are amending,” she said.Īmended filings should say something simple, such as “Energy relief payment is not taxable,” she said. If people have already filed their taxes, they need to file an amendment with the proper $2,622 amount, and a small explanation, she said. “That’s a message that has to get out because most people have not done their taxes yet,” Hamer said. Hamer said that because the energy relief money came as part of the $3,284 checks that also included the Permanent Fund dividend, tax filers will need to subtract the amount of the energy relief payment when they file.Īs a result, Alaskans need to enter $2,622 as their Permanent Fund dividend amount when filing, not $3,284, she said. Overall, it will be worth tens of millions of dollars to the Alaska economy, she said. The tax break could save Alaska families hundreds of dollars each, though some low-income people who pay no taxes will see no benefit, she said. “It’s a good thing, so thank you, IRS,” said Allegra Hamer, the Alaska coordinator of American Association of Retired Persons Foundation Tax-Aide, a volunteer program that provides free tax preparation services in communities statewide and nationally. The agency on Friday said it would not tax the energy relief payments in Alaska, as well as similar special payments made by several other states in 2022 that were related to “general welfare and disaster relief.” (AP Photo/Patrick Semansky)Īlaskans will not be taxed on the $662 energy relief payment they received last year on top of their Permanent Fund dividend, according to the Internal Revenue Service. Updated: FebruPublished: February 16, 2023Ī sign outside the Internal Revenue Service building in Washington, on May 4, 2021.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |