Are You Eligible for the $1,312 Stimulus Payment This December? Find Out Now

Since its establishment in 1976, the Alaska Permanent Fund has been a cornerstone of financial support for Alaskans, channeling a share of the state’s oil revenues directly to residents.

What is the Alaska Permanent Fund Dividend (PFD)?

Managed by the Alaska Permanent Fund Corporation, the PFD ensures that the financial benefits of Alaska’s natural resources are distributed equitably among its people. For 2024, eligible residents will receive a $1,312 payment, with the total increasing to $1,702 in the upcoming pool, benefiting approximately 600,000 Alaskans. This annual payment aims to stimulate both spending and investment across the state, reinforcing the economic well-being of its residents.

Eligibility Requirements for the 2024 PFD Payment

To qualify for the PFD payment, individuals must meet specific residency and behavioral criteria:

• Residency: Applicants must be registered residents of Alaska, having lived in the state for at least 12 consecutive months before applying, and must have no plans to relocate soon.
• Absence of Dual Residency: Beneficiaries must not have applied for residency in another state or country or received benefits from such applications.
• Physical Presence: Applicants must have been physically present in Alaska for a minimum of 72 continuous hours within the last two years.
• Legal Status: Individuals who were incarcerated for a felony in the past year, or for a misdemeanor following a felony or two prior misdemeanors since January 1, 1997, are ineligible.

Key Dates and Application Process

The PFD application period runs annually from January 1 to March 31. Applications can be submitted online or via mail, and separate submissions are required for each family member, including children.

Payments for applications classified as “Eligible-Not Paid” will be disbursed in two phases. Applications are finalized by December 11, 2024, and payments will be issued on December 19, 2024. Those in the same status by January 8, 2025, will receive their payment on January 16, 2025.

The PFD represents more than just financial relief; it embodies Alaska’s commitment to sharing the wealth of its natural resources with its residents. Alaskans can benefit from this annual dividend and contribute to the state’s thriving economy by meeting the eligibility requirements and adhering to application deadlines.