Stimulus update: Direct payment worth $1,312 from Alaska fund goes out in four days

In four days, another batch of one-time direct payments from the Permanent Fund Dividend is set to be sent to more eligible Alaska residents who have yet to receive their payments from the program.

This upcoming round of checks, worth $1,312 per resident, will go out to eligible Alaska residents on Dec. 14, according to the state Department of Revenue.

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To qualify for the payments, an applicant must be someone who intends to remain a resident of Alaska indefinitely and is not a convicted felon. Residents in Alaska can apply for the payments from Jan. 1 to March 31 each year.

Those receiving the checks being sent out this month will be people who have the “Eligible-Not Paid” status on Dec. 6 and have yet to receive their 2023 or earlier payments from the program.

Two large swaths of eligible residents already received their checks for this year during the first two mass disbursements on Oct. 5 and Oct. 18, with a subsequent round of payments being sent to another batch of remaining eligible residents in November.

“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 continued. “The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans.”

The Permanent Fund Dividend amount for each year is determined by mineral revenues for Alaska for that year. State officials say the program is meant to benefit current and future generations of residents in Alaska.