PUBLISHED: 5:21 PM on Wednesday, September 10, 2008
Record PFDs on the way
Eligible Alaska residents will receive the largest Permanent Fund Dividend in the state's history.

Lt. Gov. Sean Parnell announced last week the PFD checks will be for $2,069. Resource rebate checks worth $1,200 also will be sent out with PFDs, raising the total to $3,269.

"The Alaska Legislature and the governor ... worked together and passed legislation to distribute a special Resource Rebate this year, before the arrival of winter, to assist with rising energy costs," Parnell said.

About 493,000 qualified Alaskans will receive the 2008 dividend directly deposited into their bank accounts on Friday. The Department of Revenue's PFD Division will be mailing checks to all remaining eligible Alaskans on Sept. 30, with those checks expected to arrive within two weeks.

Seven out of 10 Alaskans (456,795 out of 641,000) used the internet to file for this year's dividend. Many Alaskans have said that the dividend itself has allowed them to acquire a computer in their home and to become connected to the rest of the world, whether they live in a city, town or remote village.

Since the PFD began in 1982, $17.2 billion has been distributed to eligible Alaskans. The first dividend was for $1000, covering three years. Individual Alaskans eligible for all 27 dividends have received more than $30,000.

Dividend Information Offices are located in Anchorage, Fairbanks and Juneau and are responsible for assisting applicants who need help completing their applications or need information about the dividend program.

Remember: The Alaska PFD and the new Alaska Resource Rebate are taxable income for Federal Tax Returns. Be sure to set aside enough to cover your tax bill, or consider making an Estimated Payment when you get your PFD.

For more information on how to report the Alaska PFD and Rebate income on the Federal Tax Return contact the IRS at 1(800)829-1040 or visit the IRS website at and input the key words Alaska Permanent Fund or Estimated.

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