Stimulus update: Direct payment from Alaska fund worth $1,312 to be sent to some in 13 days

In 13 days, Alaska residents who have yet to receive their checks from the state’s Permanent Fund Dividend will get them from the Alaska Department of Revenue.

The state is slated to send another round of money to eligible Alaskans who will receive their annual payments from the program in less than two weeks. The swath of checks will be the fifth wave of 2023 PFD payments sent out to eligible residents since October.

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An applicant must intend to remain a resident of Alaska indefinitely and not be a convicted felon, among other requirements, to be eligible for the program. Alaskans may apply for the program for 2024 from now to March 31, either online or via a paper form.

The PFD check amount is determined by mineral revenues from the state for each year. The payment was $1,312 per resident from the program for 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. “I would like to thank our Permanent Fund Dividend Division for their tireless work year-round in administering the program and processing the applications.

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

Residents who will get their payment from the program on Jan. 18 include those who have the “Eligible-Not Paid” status on Jan. 10 and have yet to receive their 2023 or earlier payments from the program. More information on the state program, including eligibility, can be found on the Alaska Department of Revenue’s website.