Alaska’s Permanent Fund Dividend (PFD) is a unique program that distributes a portion of the state’s oil revenues to its residents, providing significant financial support annually. In December 2024, eligible Alaskans received a stimulus check of $1,312, with payment dates and eligibility criteria outlined below.
Eligibility Criteria
To qualify for the PFD, applicants must meet specific residency and legal requirements:
- Residency Status: Applicants must have been Alaska residents for at least 12 consecutive months prior to the application date and intend to remain indefinitely.
- Physical Presence: Applicants should have spent at least 72 continuous hours in Alaska during the past two years.
- Legal Compliance: Individuals must not have been incarcerated for certain misdemeanors or felonies during the qualifying year.
Application Process
The application period for the PFD is from January 1 to March 31 each year. Residents can apply online through the official PFD website or submit a paper application by mail. Each household member, including children, must file a separate application.
Payment Distribution
PFD payments are typically disbursed in October. For 2024, the distribution occurred on October 26. Most recipients receive their payments via direct deposit, while others may opt for a paper check. If a payment is not received, residents should contact the Department of Revenue to verify their application status.
| Year | PFD Amount | Number of Recipients | Payment Date | Distribution Method |
|---|---|---|---|---|
| 2023 | $1,312 | Approximately 600,000 | October 26 | Direct Deposit/Paper Check |
| 2024 | $1,702 | Approximately 600,000 | October 26 | Direct Deposit/Paper Check |
| 2025 | To Be Announced | To Be Announced | To Be Announced | To Be Announced |
| 2026 | To Be Announced | To Be Announced | To Be Announced | To Be Announced |
The Alaska Permanent Fund Dividend continues to provide substantial financial benefits to residents, reflecting the state’s commitment to sharing its natural resource wealth. Staying informed about eligibility requirements and application deadlines is crucial for residents to fully benefit from this program.
What is the purpose of the Alaska Permanent Fund Dividend?
The PFD distributes a portion of Alaska’s oil revenues to residents, ensuring they benefit directly from the state’s natural resources.
How can I check the status of my PFD application?
Applicants can check their application status through the official PFD website or by contacting the Alaska Department of Revenue.
Are non-residents eligible for the PFD?
No, only individuals who have been Alaska residents for at least 12 consecutive months and intend to remain indefinitely are eligible.
