Stimulus Check $1312: When Will Eligible Alaskans Receive This Month’s Payment?
According to Marce , The Alaska Permanent Fund, established in 1976, manages the state’s oil revenues and remains a crucial financial resource for Alaska residents. Through the Permanent Fund Dividend (PFD) program, eligible residents will receive a $1,312 payment, with plans for this amount to rise to $1,702 next year. Approximately 600,000 Alaskans are expected to qualify for the 2024 payment.
The PFD is a unique initiative that directs a portion of Alaska’s natural resource revenues directly to its residents. The Alaska Permanent Fund Corporation oversees the fund, ensuring that it provides consistent financial support for qualifying individuals. For many Alaskans, the annual dividend helps cover essential living expenses, such as food, housing, and healthcare.
Who Qualifies for the PFD Payment?
To qualify for the $1,312 payment, applicants must be Alaska residents for at least 12 consecutive months without plans to move elsewhere. They must not have claimed residency in another state during this time and must have spent at least 72 hours in Alaska within the past two years. Additionally, applicants must not have been convicted of a felony in the past year or a misdemeanor if they have prior felony convictions or multiple misdemeanors since January 1, 1997.
How to Apply for the PFD
Applications for the PFD are accepted annually from January 1 to March 31, either by mail or online. Each family member, including children, must submit their own application. For example, in a family of four, four separate applications would need to be completed. Parents should submit their own applications before applying on behalf of their children.
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When Will the PFD Be Distributed?
The 2023 Permanent Fund Dividend has already been distributed, with the final payments sent out on October 24. However, recipients should keep an eye out for the distribution of the 2024 PFD checks. Payments are distributed by either direct deposit or check, with most residents opting for direct deposit to ensure faster processing. Those who have not yet received their 2023 check but believe they are eligible should contact the Department of Revenue to verify their application status.
For those with dividend requests marked as “Eligible-Unpaid,” payments will be distributed on November 21, 2024, if their application is finalized by November 13, 2024.
The PFD is a key financial resource for Alaskan residents, and the Department of Revenue continues to ensure the timely and accurate distribution of payments.
