In one specific state, a new round of $1,700 checks could be reaching the bank accounts of many residents. Payment dates for 3 groups of residents in Alaska have been confirmed as per the 2024 Permanent Fund Dividend (PFD). The PFD is part of the yearly payment that gets paid to boost households financially and is paid out from the state’s oil and gas revenues. Payment for this year will see Alaska residents receiving 30% more than they did in 2023, and this year’s payment includes the regular dividend of approximately $1,403 as well as about $298 as an energy relief bonus.
What are the qualifying criteria to receive this payment?
The Alaska Permanent Fund Dividend is paid specifically to residents of Alaska who meet certain qualifying criteria, such as:
- Being classified as a resident of Alaska for the full calendar year of 2023.
- Having the intention to stay in Alaska with no plans of moving away from the state.
- Staying physically present in the state for 72 consecutive hours over the last 24 months.
- Having not been convicted for crimes committed during the previous year.
- Ensuring an application was filed by or before the March 31, 2024, deadline.
Citizens who met the filing deadline and submitted a claim via mail or online will receive their payments. Citizens should look out for the “Eligible-Not Paid” status, as once this status appears, payments will be paid out shortly thereafter. Citizens should continue to monitor their payment status.
Understanding the $1,702 payment
Citizens whose status indicated “Eligible-Not Paid” by May 7 received their PFD checks on May 15. The total received amounted to $1,702, which was made up of:
- $1,403,83: The normal dividend sourced from the state’s Permanent Fund earnings.
- $298,17: An Energy Relief Payment to help with Alaska’s increasing energy costs.
In comparison to previous years, this dividend amount was rather high. In 2023, all eligible residents received a PFD amount of $1,312. However, back in 2022, Alaskan residents received approximately $3,284. PFD payment amounts do fluctuate year in and year out; however, this year, about 600,000 residents will benefit from this payment.
What are the payment dates confirmed for 3 groups of Alaska residents?
According to the Alaska Department of Revenue, the confirmed 2024 PFD distribution schedule will be based on when the resident’s statuses indicate “Eligible-Not Paid.”
The three groups of qualifying Alaska residents who will be receiving payments on certain payment dates are as follows:
Group 1
Any resident whose eligibility status shows “Eligible-Not Paid” on June 11, 2025, will receive payment on June 18, 2025. The payment received will be $1,702.
Group 2
Citizens whose status shows “Eligible-Not Paid” on July 9, 2025, will receive payment on July 17, 2025. After 8 days, payment will be released for the group of residents whose status changes to “Eligible-Not Paid” by July 9.
Group 3
Citizens whose status shows “Eligible-Not Paid” by August 13, 2025, will receive payment on August 21, 2025. This final group will receive their payment in late August, provided their status is marked as eligible before mid-August.
Citizens should monitor their “Eligible-Not Paid” status to determine when they will get paid, and they can rest assured that all eligible Alaskan residents will receive their checks, provided that they have cleared all of the verification steps.
The importance of the PFD
This PFD is in its 43rd year and is a fund that provides financial stability to Alaskan residents from the state’s oil wealth. This year, eligible residents will see $1,702 checks reaching their bank accounts, and the hope is that this PFD amount will increase considerably in the years to come. There is, however, one group of Alaskan residents who will be excluded from receiving this PFD financial lifeline. It is important to understand which group of Alaskan residents will be saying goodbye to their $1,702 stimulus payments and to understand why this exclusion matters.
Disclaimer: Our coverage of stimulus checks, tax reliefs, tax rebates, tax credits, and other payments is based on the official sources listed in the article. All payment amounts and dates, as well as eligibility requirements, are subject to change by the governing institutions. Always consult the official source we provide to stay up to date and obtain information for your decision-making.
