STIMULUS checks worth $1,702 will be sent out to 600,000 Americans within days.
The Permanent Fund Dividend (PFD) benefits loyal citizens of Alaska, as well as those who plan to stay in the state.
The next round of stimulus checks is set for September 11[/caption]
Every year since 1982, Alaska has handed out a PFD of varying amounts to its citizens.
This amount given is based on the financial surplus gathered from the state’s oil and mineral reserves.
The next payment is set to go out on September 11 for those who have the status “Eligible-Not Paid” on their application on September 3.
Applicants who have the same status on September 18 will be paid on October 2.
The third and final upcoming payment 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.
Genevieve Wojtusik, Division Director, praised the work the PFD does every year in a statement.
He said: “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.”
ELIGIBILITY
Everyone in Alaska, including children, is eligible for a PFD payment provided they fit the criteria.
On top of the living requirement, those eligible must not have claimed residency in another state for the calendar year 2024.
Alaskans also need to plan to stay a state resident indefinitely to receive the payment.
Claimants must have also stayed in Alaska for a period of at least 72 consecutive hours between 2023 and 2024.
Those imprisoned for a felony in 2024 cannot apply, as well as those incarcerated for a felony or a misdemeanor following a previous felony.
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.
DON’T WAIT TO CLAIM
The deadline to claim the PFD for this year was set for August 31, so if you have not claimed it yet, you will have to wait until next year.
The next application cycle is set to open on June 1, 2026.
For those who have claimed, the payment is made up of two distinct components.
The first is a base dividend of $1,403.83, while the second is a payment of up to $298.1 for energy relief.
That brings the total free cash sum to a whopping $1,702.
The money is subject to tax at the federal level.
Every year since 1982, Alaska has handed out a PFD of varying amounts to its citizens[/caption]
