Alaska stimulus update: $3,284 payment coming in 2 days.
Alaska Residents to Receive One-Time Relief Payment
Exciting news for Alaska residents! In just two days, taxpayers in the Last Frontier State will be receiving a much-needed relief payment. This payment, totaling $3,284, is part of the 2022 Permanent Fund Dividend check, which is funded by oil and gas revenues.
Eligibility and Application Process
To be eligible for this relief payment, individuals must have been residents of Alaska for the entire previous calendar year and have the intention of remaining a resident indefinitely. Those who were incarcerated or convicted of a felony during the application year are not eligible.
Applicants had the opportunity to apply for the Permanent Fund Dividend from January to March 31, 2022.
Payment Distribution
The state began distributing payments in the fall of 2022, and the final batch of eligible-but-not-yet-paid taxpayers will receive their checks on Thursday.
It’s important to note that the energy relief payment portion, amounting to $662.19, will be tax-exempt and will not be included on tax forms. However, the remaining portion of the Permanent Fund Dividend will be subject to federal taxes.
For more information on this exciting development, click here to read the full article from The Washington Examiner.
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