S 2078
A bill to amend the Internal Revenue Code of 1986 to treat Alaska Permanent Fund dividends as earned income for purposes of the kiddie tax.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill changes how the federal government taxes income earned by children. Specifically, it treats Alaska Permanent Fund dividends – payments made to Alaska residents – as earned income for the purpose of calculating the ‘kiddie tax.’ The kiddie tax applies to the unearned income of children, typically taxed at the parent’s higher income tax rate. This change would reduce the tax burden on children who receive these dividends.
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