In one week, the Alaska Department of Revenue is slated to send out payments from the Permanent Fund Dividend to another batch of residents who have yet to receive their checks from the state program.
PFD payments will go out on March 21 to those who had the “Eligible-Not Paid” status as of Wednesday and have yet to get their checks from the state program from 2023 or earlier.
To qualify for the program, an applicant must intend to remain a resident of Alaska indefinitely and may not be a convicted felon, among other stipulations.
The Permanent Fund Dividend payment amount for each year is determined by Alaska’s annual mineral revenues for that year. The check sent out in 2023 was worth $1,312, with distribution beginning in October.
“The 2023 PFD marks the 42nd year Alaskans have received their share of the state’s natural resource wealth,” Alaska Department of Revenue Commissioner Adam Crum said in a statement about the 2023 payment. “I would like to thank our Permanent Fund Dividend Division for their tireless work year-round in administering the program and processing the applications.”
“This year, we processed over 8,000 more applications than in 2022,” Crum said. “The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans.”
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Applications for the 2024 Permanent Fund Dividend are open from now until March 31, and may be completed either online or via paper form.
Additional information about the Permanent Fund Dividend program, including eligibility requirements and how to apply, is available on the Alaska Department of Revenue website.
