Exciting news for Alaska residents: $1,312 direct payments on their way today!
Exciting News: PFD Payments Arriving for Alaskan Residents!
Today is a day of relief and joy for some Alaska residents eagerly anticipating their long-awaited Permanent Fund Dividend (PFD) checks from the Alaska Department of Revenue. Those marked with the “Eligible-Not Paid” status as of March 13 and awaiting payments from the 2023 program or earlier will finally see their much-anticipated funds hit their accounts this Thursday.
It’s important to note that individuals who have already received their PFD payments for the previous year or earlier will not be receiving an additional check this week.
The Significance of PFD
The Permanent Fund Dividend program delivers annual checks to Alaskans, the amounts of which are determined by the state’s mineral revenues. In 2023, the PFD payment amounted to a substantial $1,312 per resident, with the distribution process for this particular payment commencing in October of the previous year.
“The 2023 PFD signifies the 42nd year that Alaskans have been privileged to receive a portion of our state’s natural resource wealth,” remarked Alaska Department of Revenue Commissioner Adam Crum. He expressed gratitude towards the Permanent Fund Dividend Division for their relentless effort in managing the program efficiently and handling application processing duties year-round.
“This year saw an increase of over 8,000 applications from the previous year,” Crum stated. “The 2023 PFD is set to inject nearly $1 billion into the state’s economy, directly benefiting Alaskans.”
Eligibility and Application
Participation in the Permanent Fund Dividend program requires that Alaskans have a commitment to remain residents of the state indefinitely and must not have a felony conviction, among other stipulations. Applications for the 2024 PFD are currently open until March 31, allowing residents to apply either online or through traditional paper forms.
For those seeking more information about the Permanent Fund Dividend program, including eligibility criteria and application procedures, detailed resources can be accessed on the Alaska Department of Revenue’s official website.
This is indeed a momentous occasion for Alaskans, as the distribution of PFD checks not only brings financial relief but also underscores the state’s commitment to sharing its natural resource wealth with its residents.
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