Alaska residents to receive $1,312 direct payment in 17 days
Alaska Department of Revenue to Issue Payments from Permanent Fund Dividend
The Alaska Department of Revenue is gearing up to distribute payments from the Permanent Fund Dividend to residents who are still awaiting their checks. In just 17 days, on March 21, PFD checks will be sent out to those with the ”Eligible-Not Paid” status as of March 13 for the 2023 or earlier program.
Qualifications and Payment Amount
To be eligible for the program, Alaskans must have the intention of remaining residents indefinitely and must not have a criminal record. The payment amount for the Permanent Fund Dividend is determined by the state’s annual mineral revenues. Once a year, eligible residents receive their checks. In 2023, the PFD check was valued at $1,312, with distribution starting in October.
Record-Breaking Applications and Economic Impact
Alaska Department of Revenue Commissioner Adam Crum expressed gratitude for the hard work of the Permanent Fund Dividend Division in administering the program and processing applications. He highlighted that this year saw over 8,000 more applications processed compared to 2022. The 2023 PFD is expected to inject nearly $1 billion into the state’s economy, directly benefiting Alaskans.
Apply Now for the 2024 Permanent Fund Dividend
If you’re interested in applying for the 2024 Permanent Fund Dividend, you have until March 31 to do so. The application can be completed online or using a paper form. For more information on eligibility requirements and where to apply, visit the state’s official website for the PFD program.
How is the payment amount for the Permanent Fund Dividend determined?
Title: Alaska Department of Revenue to Issue Payments from Permanent Fund Dividend
Introduction:
The Alaska Department of Revenue is ready to disburse payments from the Permanent Fund Dividend to residents who are still awaiting their checks. As of March 21, PFD checks will be sent out to the individuals with the ”Eligible-Not Paid” status as of March 13, for the program covering 2023 or earlier.
Qualifications and Payment Amount:
To qualify for the program, Alaskans must intend to remain residents indefinitely and have no criminal record. The payment amount for the Permanent Fund Dividend is determined by the state’s annual mineral revenues. Once a year, eligible residents receive their checks. In 2023, the PFD check was valued at $1,312, with distribution starting in October.
Record-Breaking Applications and Economic Impact:
Alaska Department of Revenue Commissioner Adam Crum expressed his gratitude for the hard work of the Permanent Fund Dividend Division in administering the program and processing applications. He highlighted that this year witnessed the processing of over 8,000 more applications compared to 2022. The 2023 PFD is expected to inject nearly $1 billion into the state’s economy, directly benefiting Alaskans.
Apply Now for the 2024 Permanent Fund Dividend:
Interested individuals can now apply for the 2024 Permanent Fund Dividend until March 31. The application can be completed online or through a paper form. For more information on eligibility requirements and where to apply, please visit the state’s official website for the PFD program.
Conclusion:
The Alaska Department of Revenue is all set to distribute payments from the Permanent Fund Dividend to the deserving residents who are still awaiting their checks. Qualifying Alaskans who aim to remain in the state indefinitely and have a clean record can receive their PFD checks. This year’s program is expected to make a significant economic impact by injecting nearly $1 billion into Alaska’s economy. As the application process for the 2024 Permanent Fund Dividend is now open, residents are encouraged to apply before the March 31 deadline.
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