Deadline Approaching to Claim Stimulus Check Direct Payment of $1,312: In five days, the application period for the Alaska stimulus check will conclude. The Permanent Fund Dividend (PFD) is urging all qualified Alaskans to submit the required information before the deadline to avoid losing the $1,312 stimulus check. Applications have been accepted for the state program since January. To be eligible for payment later this year, the vast majority of applicants must submit their applications within the present three-month window.
Some Alaskans may apply outside this window under particular conditions. Exclusions are on the state website. This program currently pays eligible residents in the “Last Frontier” an annual direct payment based on Alaska’s resource revenues.
Remember that the Permanent Fund Dividend (PFD) pays $1,312 annually. Last year’s PFD payments totaled $1,312. The state began distributing 2023 checks to qualified residents in October.
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Eligibility for Alaska Stimulus Check payments
All Alaska residents who meet the following eligibility requirements will receive annual stimulus check dividends from the PFD:
- They should be in “Eligible-Unpaid” status by December 6, 2023.
- It is imperative that applicants for the stimulus check have not received any disbursements from the Permanent Fund Dividend of 2023 prior to submitting their application.
- They must have completed an entire calendar year (January 1st through December 31st) in Alaska and intend to remain indefinitely.
- This year, it was not possible for residents to have been incarcerated or sentenced to felony terms.
The Alaska stimulus payment is subject to annual fluctuations.
The Permanent Fund Dividend (PFD) stimulus payout is vital to most Alaskans. They receive a yearly stimulus check to help them with their high cost of living and fill in the gaps left by the absence of a state income tax. The Alaska stimulus check boosts economic growth and raises awareness of Alaska’s hydrocarbon wealth while helping residents pay for basics and unexpected expenses.
The fund makes annual distributions to qualified state citizens who have met PFD standards. Alaskans must remember that the stimulus payment’s size depends on the fund’s annual volatility. The yearly Permanent Fund Dividend (PFD) was distributed from January 18 to February 15. On March 21, eligible unpaid applications from March 14 will be reimbursed.
Schedule of stimulus cheque payments for 2024
- Dividend applications for 2023 in the “Eligible-Not Paid” status as of February 7, 2024, must be submitted by February 15th.
- March 21st is the deadline for dividend applications for 2023 that are still in the “Eligible-Not Paid” status as of March 13, 2024.
- As of 10 April 2024, applications for dividends for 2023 that are still in the “Eligible-Not Paid” status are being accepted.
Alteration propositions for the Permanent Fund Dividend (PFD)
The House Finance Committee is currently debating a revised dividend formula that the Alaska Senate initially approved a year ago. No measures pertaining to the dividend formula were the subject of debate this year. House members debated and rejected changes to House Joint Resolution 7, which proposed Constitutional modifications for Alaska.
A dividend prohibition for unemployed or high-earners was unworkable. Representative Dan Ortiz, I-Ketchikan, sponsored legislation to expressly put a dividend formula in the Constitution, eliminating state regulation. Ortiz’s idea gave state legislators a diminishing range of alternatives rather than a fixed payout, suggesting that the dividend amount would be debated annually.
