Alaska’s “Oil and Gas Income Distribution” program has confirmed that the Permanent Fund Dividend (PFD) stimulus payment for the current fiscal year will be $1,702 per qualified resident.
This marks a nearly 30% increase from last year, thanks to the state’s economic success and its commitment to sharing resource-based revenues with its residents.
With Alaska’s natural resource earnings reaching $914 million, Governor Mike Dunleavy has reaffirmed the state’s dedication to financially supporting its citizens. But who qualifies for this financial benefit, and what are the key application details? Let’s break it down.
Eligibility
To apply for the PFD stimulus payment, residents must meet the following requirements:
- Be a registered resident of Alaska
- Have lived in Alaska for the entire calendar year before applying
- Plan to remain in Alaska indefinitely at the time of application
- Not have applied to live in another state or country
- Have no immediate plans to leave Alaska
- Not have been imprisoned for a felony in the last 12 months
- Not have been imprisoned for a misdemeanor since January 1, 1997
Payment Details
More than 600,000 Alaskans are eligible for the payment, which consists of:
| Payment Component | Amount |
|---|---|
| Energy Assistance Check | $298.17 |
| Permanent Fund Dividend | $1,403.83 |
| Total Payment | $1,702 |
The additional energy assistance check was included to help residents cover heating and energy costs, especially after the severe winter snowstorms that impacted the state.
Application Deadline
Alaska residents must apply for the PFD stimulus payment online at pfd.alaska.gov.
- Final application deadline: March 31
- Payment distribution: Deposits will be made once applications are processed
The increase in this year’s stimulus payment reflects Alaska’s commitment to protecting its residents from rising energy costs while ensuring fair distribution of state-generated wealth. By leveraging its abundant natural resources, Alaska continues to support its citizens in a meaningful way.
FAQs
Who qualifies for the Alaska PFD stimulus?
Residents who meet Alaska’s residency and legal requirements qualify.
How much is the Alaska PFD payment in 2024?
The total payment is $1,702, including an energy assistance check.
What is the application deadline for PFD?
The final application deadline is March 31.
How do I apply for the PFD payment?
You can apply online at pfd.alaska.gov.
Why did the PFD payment increase this year?
The increase was due to high state revenues and winter energy costs.
