Alaska Stimulus Alert: $1,312 Direct Payment Incoming for Eligible Residents within Seven Days

The Alaska Department of Revenue is gearing up to distribute checks from the Permanent Fund Dividend to eligible residents who have yet to receive their dividend payments. 

Scheduled for issuance in one week, on February 15th, these payments target individuals who, as of Wednesday, had the Eligible-Not Paid status for their 2023 or earlier PFD checks on the program’s website.

In order to be eligible for these payments, individuals are required to demonstrate their commitment to maintaining permanent residency in Alaska and must not have been convicted of a felony, along with meeting other specified conditions.

Annually, the payouts from the Permanent Fund Dividend are determined based on Alaska’s mineral revenues for that particular year. For the 2023 payment, eligible residents were entitled to checks valued at $1,312, with distributions commencing in October 2023.

Alaska Revenue Department Accepts 2024 PFD Applications

Adam Crum, Commissioner of the Alaska Department of Revenue, highlighted the significance of the program, especially in 2023, marking the 42nd year of Alaskans receiving their share of the state’s natural resource wealth.

He expressed gratitude towards the Permanent Fund Dividend Division for their dedicated efforts in administering the program and processing applications. Crum emphasized the substantial economic impact of the 2023 PFD, injecting nearly $1 billion into the state’s economy and directly benefiting Alaskans.

Meanwhile, the state’s Department of Revenue is currently accepting applications for the 2024 program until March 31st. Eligible residents can submit their applications online or through paper forms.

Individuals who wish to obtain more information about the program, such as the criteria for eligibility and the steps involved in applying, can find extensive details on the Permanent Fund Dividend website.