Stimulus update: Direct payment worth $1,312 being sent to some Alaska residents in 22 days

Alaska will send out Permanent Fund Dividend payments to another swath of eligible residents who have yet to receive their checks in 22 days.

Those who will receive their check from the state next month include those who have the “Eligible-Not Paid” status by Feb. 7 and have yet to receive a check from the PFD for 2023 or earlier.

Residents can apply for the 2024 Permanent Fund Dividend from now until March 31, either online or via paper form.

For a resident to be eligible for a payment from the Permanent Fund Dividend, he or she must intend to remain an Alaska resident indefinitely and may not be a convicted felon, among other requirements.

The Permanent Fund Dividend program provides Alaska residents with a check each year based on the state’s mineral revenues for that year. The 2023 payment was worth $1,312 per eligible resident, according to the Alaska Department of Revenue, with its distribution beginning in October 2023.

“The 2023 PFD marks the 42nd year Alaskans have received their share of the state’s natural resource wealth,” Alaska Department of Revenue Commissioner Adam Crum said in a statement about the payment in 2023. “I would like to thank our Permanent Fund Dividend Division for their tireless work year-round in administering the program and processing the applications.”

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

“This year, we processed over 8,000 more applications than in 2022,” he said. “The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans.”

Further information regarding the Permanent Fund Dividend can be found on the Alaska Department of Revenue’s website.

Facebook
Twitter
LinkedIn
Telegram
Tumblr