Eligible Alaskans will receive their 2023 Permanent Fund Dividend (PFD) payment in the coming weeks.
Eligible Alaskans are scheduled to receive their 2023 Permanent Fund Dividend (PFD) payment of up to $1,312 in the first week of October.
According to Alaska Department of Revenue Commissioner Adam Crum, “This year, 8,000 more applications were processed than in 2022. The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans,” he said in a statement.
This payment allocated by the state corresponds to the residents of Alaska as part of the annual dividend of the Permanent Fund for the mineral income obtained during the year, and with this stimulus check, according to Crum, the objective is to “benefit current and future generations,” he said.
In this regard, the commissioner detailed that “the 2023 PFD marks the 42nd year that Alaskans receive their share of the state’s natural resource wealth. I would like to thank our Permanent Fund Dividend Division for their tireless work throughout the year in administering the program and processing applications,” he added.
Who is eligible for the stimulus check?
Alaska residents eligible for the check must meet certain requirements such as:
- Be a resident of Alaska.
- At the time of application, you must continue to reside in the state indefinitely.
- Not have claimed residency in another state.
- Not be a convicted felon.
When can you apply?
Each year the established date to apply is between January 1 and March 31; however, there are exceptions for some residents who were not present during that time.
How much is the amount?
According to the release, the amount allocated for the 2023 Permanent Fund Dividend (PFD) to eligible Alaska residents is $1,312.
When will payments be sent?
According to the program schedule, payments to residents who submitted their application online are sent on October 5 of this year. Applicants who indicated the direct payment option and are “unpaid eligible” received payment last Sept. 21, according to the Alaska Department of Revenue.