Alaska Stimulus Alert: $1,312 Direct Payments Coming Your Way in 15 Days – Latest Update

In a fortnight, the Alaska Department of Revenue is slated to allocate disbursements stemming from the Permanent Fund Dividend to individuals who have not yet received their 2023 payments within the ambit of the program. 

This imminent disbursement constitutes the fifth sequential installment since October, and it is scheduled to be disseminated in just over a span of two weeks to residents who meet the eligibility criteria.

Stimulus Eligibility: Alaska Permanent Fund Dividend

In order to meet the eligibility requirements for participation in the program, applicants are required to manifest an unequivocal intention to maintain residency within the state of Alaska indefinitely, in addition to satisfying other stipulated criteria, which notably includes the absence of a felony conviction in their records.

Those individuals deemed eligible to receive disbursements on the upcoming date of January 18 are limited to Alaska residents who, as of January 10, bear the status of “Eligible-Not Paid” and have not yet received their payments for the year 2023 or any prior disbursements from the state program.

The quantification of each Permanent Fund Dividend check is contingent upon the state’s mineral revenues for the respective fiscal year. 

For the disbursement pertaining to the 2023 fiscal year, the established amount per eligible resident stood at $1,312, representing the sum disbursed through the program.

What Is the Deadline for Application Submission?

Alaskan residents have the opportunity to submit applications for the 2024 program until March 31, utilizing either the online platform or paper forms. 

Further details about the state program can be accessed on the Alaska Department of Revenue’s official website.

“The 2023 PFD signifies the 42nd year of Alaskans receiving a portion of the state’s natural resource wealth,” remarked Adam Crum, Commissioner of the Alaska Department of Revenue. 

He expressed gratitude to the Permanent Fund Dividend Division for their unwavering dedication throughout the year in administering the program and handling application processes.

“This year, we processed over 8,000 more applications than in 2022,” noted Commissioner Adam Crum. He highlighted that the 2023 PFD is anticipated to infuse nearly $1 billion into the state’s economy, directly benefiting the residents of Alaska.