By GARLAND KENNEDY
Sentinel Staff Writer
With three weeks to go before this year’s tax filing deadline, Alaskans who submitted the paperwork early and paid taxes on their entire 2022 Permanent Fund Dividend still have time to file an amended return and receive some money back.
In February, the Internal Revenue Service determined only $2,622 of the $3,284 payment to be taxable.
The remaining $662 – which the state framed as an energy relief payment – isn’t taxable.
The annual dividend is normally taxed as regular income, but Dick Dapcevich, of Sitka’s Dapcevich Accounting Service, told the Sentinel that if someone filed early and paid tax on the full dividend, they paid between $66 to $290 too much and can get that money back by filing an amended return using a form 1040X. The IRS decision also impacts how much parents owe from their children’s PFD.
“If you filed before that time before the middle of February when this was announced, then you can amend your tax return for 2022 and get a portion of that money back,” said Dapcevich.
Tax forms, including the 1040X needed to file an amended return, are available at https://www.irs.gov/forms-instructions.
Federal taxes are due Tuesday, April 18.
