Stimulus update: Application period for direct payments from Alaska fund opens in 12 days

The application period for the Alaska Permanent Fund Dividend program will open to eligible residents for 2024 in 12 days.

Residents will be able to apply for the program for the year from Jan. 1, 2024, to March 31, 2024. The state program offers a direct payment annually based on Alaska’s mineral revenues for that year.

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A resident must apply during the application window, even if the person received a payment from the program in the past. Some people who do not file by the March 31 deadline may be eligible for an exemption past the regular application period.

Further information on exemptions to the application period can be found on the state’s website. Residents can fill out their applications for the program either online or through a paper form. The status of a resident’s application can also be viewed on the state’s website.

An applicant must be an Alaska resident who intends to remain a resident of the state indefinitely and is not a convicted felon, among other requirements, to be eligible for the payment.

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The 2023 Permanent Fund Dividend from the state offered checks of $1,312 and began going out to eligible residents in October.

“This year, we processed over 8,000 more applications than in 2022,” Alaska Department of Revenue Commissioner Adam Crum said in a statement about the 2023 checks. “The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans.”