$1,704 Stimulus Payment Schedule of Alaska: What Day to Expect Your Check?

$1,704 Stimulus Payment Schedule of Alaska What Day to Expect Your Check
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Alaska is offering $1704 to qualified residents as part of the Permanent Fund Dividend (PFD), which is the state’s attempt to distribute revenues from the sale of natural resources.

Despite the current global cost of living difficulties, the $1704 also includes a one-time energy relief payment approved by the state’s Department of Revenue to help combat the cold of fall and winter.

Due to its remote location in the United States and its extremely cold climate, Alaska has been especially badly struck by the crisis, which has increased demand for energy as well as for importing and shipping products.

In addition, there are only 800,000 people living in the state, compared to eight million in New York City. This, together with the fact that the state is rural, means that businesses are aware of the limited possibilities and charge higher prices for items.

Because Alaska has the fourth-highest cost of living, all Alaskans will be eligible for the benefit as long as they resided there throughout the 2023 calendar year and did not depart for a lengthy period of time, with the exception of military duty or school requirements.

But in addition to the qualifications listed above, there are further requirements for the PFD. For instance, depending on when they were sentenced, felons and people with misdemeanor convictions might not be eligible.

Read Also: $1,800 Stimulus Payment in October 2024: Who’s Eligible and How to Claim?

When is your pay date?

Direct deposit payments started to be sent out on October 3, and all paper checks will be sent out on Thursday, October 31, which is also Halloween, before the month is out. Thursday, October 24 is the next due date for payments.

The PFD will account for $1,405.83 of the total payout, with the energy relief bonus accounting for $298.17 of the $1,704 total.

Reference

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With more than two years of expertise in news and analysis, Eileen Stewart is a seasoned reporter. Eileen is a respected voice in this field, well-known for her sharp reporting and insightful analysis. Her writing covers a wide range of subjects, from politics to culture and more.