The application period for eligible residents in Alaska to apply for a direct payment from the 2024 Permanent Fund Dividend program will close in three days.
The state program allows eligible residents in the state to receive a check annually based on Alaska’s mineral revenues. Applications for the payment may be filled out either online or via paper form through March 31.
An Alaska resident must apply during the three-month application period, even if he or she has received a payment from the Permanent Fund Dividend program in prior years, to get a check from the program in 2024.
Nearly all Alaskans must apply during the application period to get a check later this year, but a select few eligible residents may apply outside the regular application period. Exceptions allowing applications outside the regular period can be found on the Alaska Department of Revenue’s website.
An Alaskan must intend to remain a resident of the state indefinitely and not be a convicted felon, among other stipulations, to be eligible for a payment from the program.
The amount the Permanent Fund Dividend offers residents each year depends on the mineral revenues of the state for that year. The payments sent out in 2023 were worth $1,312 and have been going out to residents since October.
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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.”
More information about the PFD program, including eligibility requirements, can be found on the Alaska Department of Revenue’s website.
