Alaskans set to receive $1,312 direct payment in 15 days in latest stimulus update

In 15 days, eligible Alaska residents who have yet to get their checks from the state as part of the state’s Permanent Fund Dividend will receive their payments.

On April 18, residents with the “Eligible-Not Paid” status as of April 10 who have not gotten their checks from the Permanent Fund Dividend program from 2023 or earlier will receive their payments from the Alaska Department of Revenue.

An applicant must intend to remain a resident of Alaska indefinitely and not be a convicted felon, among other stipulations, to be eligible for a check from the program.

The Permanent Fund Dividend amount each year is determined by the state’s annual mineral revenues and the checks are sent to eligible residents every year. In 2023, the payment from the program was worth $1,312 per resident, and the distribution for that payment began in October of last year.

“The 2023 PFD marks the 42nd year Alaskans have received their share of the state’s natural resource wealth,” Alaska Department of Revenue Commissioner Adam Crum said in a 2023 statement. “I would like to thank our Permanent Fund Dividend Division for their tireless work year-round in administering the program and processing the applications.”

“This year, we processed over 8,000 more applications than in 2022,” Crum said. “The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans.”

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The application period for the Permanent Fund Dividend this year was open from Jan. 1 to Sunday. The next time applications will be open for the program will be on Jan. 1, 2025. PFD applications may be completed either online or via paper form.

More information about the state’s Permanent Fund Dividend, including eligibility requirements and how to apply, can be found on the Alaska Department of Revenue’s website.