Are You Getting the $1,312 December Stimulus Check? Exact Dates and Eligibility Revealed

The Alaska Permanent Fund Dividend (PFD) program, established in 1976, redistributes a portion of the state’s natural resource earnings to its residents. Created to manage oil revenues, the fund ensures that Alaskans benefit directly from the state’s wealth. For 2023, eligible residents received $1,312, while the 2024 payment will increase to $1,702, benefiting approximately 600,000 people. The Alaska Permanent Fund Corporation oversees this initiative, offering a steady financial boost to those who qualify, encouraging local spending and investment.

Payout Schedule and Process

PFD payments are distributed via direct deposit or check, with most recipients opting for direct deposit for faster access. The last payments for 2023 were issued on October 26. Residents who haven’t received their payments are advised to contact the Department of Revenue or check their application status on the official PFD website. Applications for the 2024 PFD will be processed starting January 1, with checks expected to be sent out later in the year. Beneficiaries are urged to monitor updates from the Department of Revenue regarding the distribution timeline for 2024 earnings.

Eligibility Requirements for PFD Payments

To qualify for the PFD, applicants must meet the following criteria:

• Be a registered Alaska resident for at least 12 months.
• Plan to remain in Alaska and have not claimed residency elsewhere.
• Have spent at least 72 continuous hours in Alaska in the last 24 months.
• Not have been incarcerated for a felony in the past year or for a misdemeanor if they have a prior felony or multiple misdemeanor convictions since 1997.

Applications are open annually from January 1 to March 31, and each family member must submit a separate application. For example, a family of four must complete four individual forms, including separate applications for children, which parents must submit on their behalf. The PFD program is a unique initiative that ensures Alaska’s natural resource wealth benefits its residents, promoting economic stability and supporting families across the state.