In just 15 days, eligible residents of Alaska will receive direct payments from the Permanent Fund Dividend program, with checks worth $1,312 being sent out. This marks the fifth wave of payments sent out since October 2023, providing financial relief to Alaskans who have yet to receive their 2023 payments. To qualify for the program, applicants must intend to be long-term residents of Alaska and not have a criminal record. Those with the Eligible-Not Paid status as of January 10 will receive their payment on January 18.
The amount of each payment is determined based on the state’s mineral revenues for the year. In 2023, the payment amount was set at $1,312 per resident. The Alaska Department of Revenue Commissioner, Adam Crum, expressed gratitude for the hard work of the Permanent Fund Dividend Division in administering the program and processing applications. He also highlighted the significant impact of the program, injecting nearly $1 billion into the state’s economy and directly benefiting Alaskans.
Residents of Alaska can still apply for the program for 2024 until March 31, with applications available online or through paper forms. For more detailed information about the state program and its eligibility requirements, individuals can visit the Alaska Department of Revenue’s website. This stimulus update brings much-needed financial support to Alaska’s residents, offering relief and a boost to the state’s economy.
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