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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 paym...
WRANGELL-A shortage of pilots amid a labor dispute has forced Alaska Airlines to cancel hundreds of flights since last Friday. Pickets went up Friday at airports in Seattle and elsewhere on the airline's West Coast route system. Alaska reported it canceled 9% of its service on Friday, about 120 flights, and 7% on Saturday, which affected about 12,000 travelers that day. Flight cancellations were down to 6% on Sunday and about 3% on Monday. "We apologize for the inconvenience and frustration we...
The board that oversees Alaska's multibillion-dollar investment portfolio has fired Angela Rodell as chief executive officer of the Permanent Fund Corp. Legislative leaders and Finance Committee members are upset at the surprise decision and plan to hold hearings to ask questions. The fund this past fiscal year grew more than 25%, with record returns on its investments. The board on Dec. 9 voted 5-1 to remove Rodell. The five votes came from members last appointed by Gov. Mike Dunleavy. The...
