Alaska residents are gearing up to receive their annual stimulus checks, and the clock is ticking—there are only a few days left to claim this year’s Permanent Fund Dividend (PFD), which amounts to $1,702. If you’ve been living in Alaska for at least a year, you could be eligible for this payout, but time is running out to apply. Let’s take a closer look at how you can claim your dividend and who qualifies.
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What Is the Permanent Fund Dividend (PFD)?
The Permanent Fund Dividend (PFD) is a program designed to share the state’s oil wealth with its residents. Funded by a portion of the revenue generated from Alaska’s oil royalties, the PFD helps Alaskans supplement their income and contributes to the state’s economy. This dividend is only available to those who meet specific residency requirements, rewarding those who call Alaska home long-term.
The Application Window Is Almost Closed: Don’t Miss Your Chance
The application window for this year’s PFD opened on January 1 and will close on March 31. That means there are only days left to submit your application and receive the $1,702 check. If you qualify, you can easily apply by creating a MyAlaska account on the state’s official website.
How to Claim Your PFD: A Step-by-Step Guide
- Create a MyAlaska Account
To begin the application process, visit the state’s official website and set up your MyAlaska account. This will allow you to apply for the PFD and track the status of your payment. - Complete Your Application
The application is simple to fill out, but make sure to double-check that you meet all eligibility requirements. This includes proving that you’ve lived in Alaska for the entire calendar year preceding the application (2024, in this case) and that you have not claimed residency elsewhere. - Track Your Payment
After submitting your application, you can monitor the status of your payment via your MyAlaska account. Some deposits have already been made, but if you apply by the March 31 deadline, you’re still in time to receive your share.
Who Is Eligible for the Alaska PFD?
To qualify for the Permanent Fund Dividend, you must meet certain criteria:
- Residency Requirements: You must have lived in Alaska for the full calendar year before applying (in this case, all of 2024).
- No Claims of Residency Elsewhere: Applicants cannot have claimed residency in another state or country since December 31, 2023.
- Physical Presence: You must have spent at least 72 consecutive hours in Alaska during both of the last two years.
- Limited Absence: You cannot have been outside Alaska for more than 180 days.
- Felony Convictions: Individuals convicted of a felony in the past year, or those incarcerated due to felony or misdemeanor charges, are ineligible for the PFD.
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The Purpose Behind the PFD: Why It Matters for Alaskans
The PFD program serves several important purposes. First and foremost, it incentivizes long-term residency in Alaska, which helps stabilize the state’s population and supports its economic growth. By rewarding loyalty, the program also fosters a sense of community pride among Alaskans, who are directly benefitting from the state’s oil wealth. Additionally, the PFD provides financial relief to residents, helping them cover living expenses or save for the future.
The Bottom Line: Apply Before March 31
If you’ve been a resident of Alaska for at least a year and meet the other eligibility requirements, don’t miss out on your chance to claim the $1,702 PFD. There are only a few days left in the application window, so head to the MyAlaska website and submit your application before the March 31 deadline. The PFD not only helps support the residents of Alaska, but it also strengthens the state’s economy and community ties. Apply today and enjoy the benefits of this unique program!