Stimulus update: Direct payment from Alaska fund worth $1,312 to be sent to some in 14 days

The Alaska Department of Revenue will be sending out payments from the state’s Permanent Fund Dividend to those who have yet to get their 2023 payments in 14 days.

Another round of eligible residents will receive their annual checks from the program in two weeks, and it will be the fifth wave for the program’s payments for the 2023 PFD sent out to eligible residents since October of last year.

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The people who will get their payment from the program on Jan. 18 include eligible residents in Alaska who have the “Eligible-Not Paid” status on Jan. 10 and have yet to receive their 2023 or earlier payments from the program.

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

The amount in the payments Alaskans receive from the PFD is determined by mineral revenues from the state for each year. The check 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,” Crum added. “The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans.”

Additional information on the state program, including eligibility, can be found on the Alaska Department of Revenue’s website.