Stimulus update: Application period for direct payments from Alaska fund closes next month

Applications for the Alaska Permanent Fund Dividend program for 2024 are open for eligible residents in the state for the next month.

The program has applications open either online or via a paper form through March 31. The program offers Alaska residents a direct payment annually based on the state’s mineral revenues for that year.

Applicants must intend to remain a resident of Alaska indefinitely and not be a convicted felon, among other requirements, to qualify for the state program.

Even if a resident has received a payment in the past, they must apply during the application period to get a check from the program this year.

While most residents must apply during the January through March window, there are some exemptions allowing residents to apply past the regular application period. Those exceptions and the status of an application to the program can also be viewed on the website.

The state’s Permanent Fund Dividend provides a different payment amount to eligible residents each year, with the checks sent in 2023 being worth $1,312. The state began sending those payments out to eligible residents in October and continues to issue them to residents who have yet to get their payment.

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

Additional information about the state program, including eligibility requirements, can be found on the Alaska Department of Revenue’s website.

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