Alaskans can anticipate receiving their $1702 portion of the state’s Permanent Fund Dividend on or before the dates specified by the Department of Revenue, but what is it and when will it be paid?
Residents who meet specific requirements can get a piece of the state’s natural resources through the Permanent Fund Dividend (PFD), which is accompanied by a one-time energy relief payment of $1702 to make the total.
The payout, which will provide a welcome financial boost ahead of the next colder months and holidays like Thanksgiving and Christmas Day, is expected to be received by about 82% of Alaskan residents.
“This is the 43rd year Alaskans have received their share of the state’s natural resources and investment earnings,” Department of Revenue Commissioner Adam Crum stated. “The 2024 PFD will create an economic opportunity across all of our local communities.
“I want to thank and recognize the Governor and the Legislature for their commitment and continued support to Alaskans in providing the energy relief payment during a time of rising energy costs and high inflation.”
As long as they are still listed as “eligible-not paid” as of September 20, 2024, Alaskans who filed electronically and requested direct deposit should get their funds by Thursday, October 3.
By accessing the myPFD portal on the State of Alaska Department of Revenue website, applicants can monitor their status. Keep in mind that the Department of Revenue will never ask for a password change via email or test SMS or message.
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How can you determine your eligibility?
A resident of Alaska must be intending to stay in the state forever as of the application date in order to be eligible for the PFD fund. The resident must also have been a resident of Alaska for the whole 2023 calendar year (January 1-December 31).
Furthermore, since December 31, 2022, they cannot have claimed residency in any other state or nation, nor benefits from any state or nation.
Additionally, if the candidate has been convicted of two misdemeanors or a felony since January 1, 1997, they cannot be sentenced for a criminal offense in 2023 or imprisoned for a misdemeanor at any point in 2023.
They had to have spent a minimum of seventy-two hours in Alaska physically in 2022 or 2023. and, in the event that their absence from Alaska exceeded 180 days, had to have been authorized.
