direct payment

Stimulus checks from the Permanent Fund (PFD) may be received by some residents of Alaska, in the United States. This money is intended to help state residents with their spending at the end of the year.The Permanent Fund money comes from the Permanent Fund of Alaska. This is nothing more than a fund fed by income generated from the exploitation of the state’s natural resources such as oil.

Here it should be clarified that only people who apply for this stimulus can receive it. In this sense, the next deadline to submit applications will be January 1, 2024.

That is, they could qualify for the 2024 PFD payment, even those who did not receive the 2023 payment. Thus, the amounts of PFD money in Alaska depend on the year in which they are received.

If we take last year as a reference, we find that the payments were $3284.00 USD. However, this December the stimulus checks that will arrive will be worth only $1312.00 USD.

But regardless of this, it is still a good amount of money, even if there is a difference of $1972.00 USD.

The PFD announced that it will make two more payments

On December 14, 2023, the first of these two payments will be made. To do this, interested parties must verify the status of their payment on December 6, and thus check when they will receive it.

In case you see that you are eligible on December 6; then you will receive your stimulus check of $1312.00 USD on the 14th.

Meanwhile, the second of these payments will take place on January 18, 2024. To receive them, applicants must meet the residency requirements.

In this sense, they must live in the state throughout the year; and it is not only necessary to be a resident. They must also intend to continue living in Alaska.

If you do not meet these residency requirements, you would not be eligible for this Permanent Fund stimulus check. Meanwhile, Alaskans who have claimed residency elsewhere will also not be eligible.

Eligible people will receive a new direct payment on November 16 in the United States. This is a stimulus check of up to $1,312.00 USD from the 2023 Permanent Fund Dividend (PFD).With this economic support, the state of Alaska will provide financial relief to its eligible residents. The money is part of the state’s mineral income and seeks to benefit the current and future generations of the entity.

Alaska Department of Revenue Commissioner Adam Crum noted that the 2023 PFD is the 42nd time Alaskans have reaped some of the wealth of its natural resources.

“This year, we processed at least 8,000 more applications than in 2022. The 2023 PFD will inject almost a billion dollars into the state’s economy and directly into the hands of Alaskans,” Crum said.

Eligible residents

Eligible residents are those who meet the established requirements to receive economic relief. First, intend to remain a permanent resident of the state. Another requirement is not to have claimed residency in another state. Lastly, you cannot have been a convicted felon.

The next payment, the last one by the way, will go to those who have been in the “Eligible-Not Paid” status since last November 8 and have not yet received this payment or the previous year’s payment. The shipping date is next November 16. The amount of money to be received is a maximum of $1,312.00 USD, according to official information released by the state Department of Revenue.

Finally, Crum said on the topic that “I would like to thank our Permanent Fund Dividend Division for their tireless work this year in administering the program and processing applications.”

In the United States, thousands of people will benefit from a direct payment of up to $1,312.00 USD. Financial aid will be sent on November 16 to eligible residents. In this case, the stimulus check will reach Alaska households through the 2023 Permanent Fund Dividend. All people who meet the requirements established by said state will be able to obtain this financial relief payment.

By the way, that would be the third shipment from the budget granted by the 2023 Permanent Fund Dividend. This was announced by the Alaska Department of Revenue. The other two were delivered on the 5th and 18th of last October.

Eligibility Requirements

The main requirement to obtain this economic benefit is to reside in Alaska and remain there long-term. It is essential that you have not been convicted of any serious crime. Meanwhile, on your taxes you should not claim residency in another state during the current year. If you meet these simple requirements you will be able to obtain the economic relief check.

Department of Revenue Commissioner Adam Crum commented on the issue of direct payments in Alaska. “I thank the Permanent Fund Dividend Division for their dedication in administering the program and processing applications.”

Crum himself pointed out that during 2023 alone, more than eight thousand additional applications have been processed, if we compare it with last year’s figures. This evidently demonstrates growing interest in the program.

The money allocated to the Permanent Fund Dividend payments is calculated from the income obtained from the state’s mines during the year. The intention of the aid is to directly benefit both current and future generations.

Alaska authorities estimate that this payment will inject almost $1 billion into the state economy. This action would provide a direct financial boost to state residents.