AMERICANS will receive a payment worth $1,702 on September 11.
The Permanent Fund Dividend (PFD) rewards everyone who lives in the state of Alaska.
The PFD is paid out in three waves[/caption]
Since 1982, the PFD has been paying Alaskan citizens out of the surplus of the state’s oil and mineral reserves.
It benefits roughly 600,000 people every year and is made up of two components.
This year’s first component is made up of the base benefit of $1,403.83, and the second is a bonus for energy relief, making up the remaining $298.17.
This brings this year’s total payment up to $1,702.
Genevieve Wojtusik, Division Director of the PFD, promised those eligible another year of payments.
She said in a statement on the website: “Our mission is to administer the permanent fund dividend program assuring that all eligible Alaskans receive timely dividends, fraud is prosecuted, and all internal and external stakeholders are treated with respect.”
The PFD is paid out in several windows, and the first one is coming up on September 11.
Those who had the status “Eligible-Not Paid” on their application will receive their payment on that date.
Alaskans who have the same status on September 18 will be paid on October 2.
The third window is for those with the status on October 13.
If you have that status on that day, you will be paid on October 23.
To check the status of your PFD application, you can click the link here.
The cash is taxed at the federal level.
ELIGIBILITY REQUIREMENTS
There are several eligibility requirements to be aware of before receiving payment.
What are the five stimulus check waves?
IF a third stimulus payment passes, like the first round of checks, the IRS will likely follow the same procedure and send out checks by priority groups.
Here are the five IRS groups and find out which one you are in:
Direct deposit recipientes: People who already have their direct deposit information on file with the IRS or who provide that info when and if registration opens again should be first in line to receive a stimulus check.
Social security beneficiaries: With the first stimulus payment, many Social Security beneficiaries who had direct deposit information on file with the federal government received checks in the first week, though not always the first day.
People who receive their paper checks by mail: The IRS began to mail checks about a week later to those without direct deposit data on file.
EIP card recipients: Economic impact payment debit cards are prepaid Visa cards the IRS sent to about four million people starting in mid-May.
If the agency follows the same payment priority order, this group could begin to see their payment weeks after the first direct deposit transfer take place.
People with more complex situations: This category includes people who received their first checks after June, are are still waiting to receive one, or those who didn’t know they need to complete an extra step.
Those applying must intend to continue to live in Alaska.
They also cannot have claimed residency in another state during the calendar year 2024.
Applicants must have spent at least 72 consecutive hours in the state between 2023 and 2024.
Those who were imprisoned for a felony in 2024 are not allowed to apply for the PFD.
The same goes for those incarcerated for a felony or a misdemeanor following a previous felony.
The deadline to apply for the PFD this year closed on August 31, and the next window will open on June 1, 2026.
It is not yet known what next year’s PFD total will be.
Since 1982, the PFD has been paying Alaskan citizens out of the surplus of the state’s oil and mineral reserves[/caption]
