IRS exempts tax on $662 energy relief portion of 2022 PFD

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IRS exempts tax on $662 energy relief portion of 2022 PFD
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The agency said Alaska’s Energy Relief Payment, worth $662, will be tax-exempt and does not need to be included on tax forms.

ANCHORAGE, Alaska - Part of the 2022 Permanent Fund Dividend check will not need to be included in Alaska residents’ taxes, according to the Internal Revenue Service.

The agency said Alaska’s Energy Relief Payment, worth $662.19, will be tax-exempt and does not need to be included on tax forms. The 2022 PFDto all eligible Alaskan residents in late September, with $2,621.81 of that being part of the actual Permanent Fund formula.

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