Alaska residents are set to receive a $1,704 check this year as part of the state’s Permanent Fund Dividend (PFD) and an additional energy relief payment.
The PFD is Alaska’s way of distributing wealth from the state’s natural resources back to its residents.
This year’s payment, which includes an energy relief bonus, aims to help families manage the rising costs of living in Alaska, especially during the upcoming winter.
What is the Alaska Permanent Fund Dividend?
The Alaska Permanent Fund Dividend is a yearly payment given to eligible residents from revenue generated by the state’s natural resource sales.
This fund, created in 1976, helps ensure Alaskans benefit directly from the state’s resource wealth. In 2024, each eligible resident will receive $1,405.83 as part of the PFD, along with an extra energy relief bonus of $298.17.
When Will Alaskans Receive the Stimulus Check?
The first round of payments started on October 3, 2024, for those who applied early and opted for direct deposit.
A second round of payments will occur on October 24, 2024, covering those who may not have received the initial payout. These scheduled dates ensure timely assistance to Alaskans ahead of winter.
Eligibility for the Alaska 2024 Stimulus Check
To qualify for the PFD and energy relief bonus, residents must meet specific criteria:
- Continuous Residency: Residents must have lived in Alaska for the entire previous year (2023) without prolonged absences.
- Exceptions: Individuals who left the state temporarily for military service, education, or similar reasons may still be eligible.
- Exclusions: Residents convicted of certain serious crimes or currently serving sentences for minor offenses are not eligible for this payment.
These rules ensure that the dividend benefits long-term Alaskans who actively contribute to the state’s community and economy.
Applying for the Alaska Stimulus Check
Most eligible Alaskans have already applied for the 2024 PFD.
However, if you recently moved to Alaska or haven’t yet applied, it’s crucial to submit your application through the Alaska Department of Revenue as soon as possible.
Choosing direct deposit speeds up the payment process, allowing for faster access to funds.
Why is the Energy Relief Bonus Important?
The energy relief bonus, a new addition this year, helps offset Alaska’s high energy costs. Living in a cold and remote state, Alaskans face substantial heating and transportation expenses.
The bonus ensures families can prepare for winter without extra financial strain, offering essential support for energy needs.
Alaska’s 2024 PFD and energy relief payment provide crucial support for residents as they face the high cost of living in the state.
The combination of the PFD and energy relief bonus, totaling $1,704, demonstrates the state’s commitment to sharing its wealth and easing the financial pressures Alaskans experience, especially during the winter.
Eligible residents are encouraged to apply immediately if they haven’t done so yet, ensuring timely access to this essential financial aid.
1. How much is the Alaska 2024 stimulus check?
The total amount is $1,704, which includes the PFD payment of $1,405.83 and an energy relief bonus of $298.17.
2. When will I receive my Alaska stimulus check?
If you applied early and opted for direct deposit, payments began on October 3, 2024. A second round of payments is scheduled for October 24, 2024.
3. Who is eligible for the Alaska stimulus check?
To qualify, you must have lived in Alaska continuously in 2023, with exceptions for temporary absences due to military service, education, or similar reasons.
4. Can convicted individuals receive the PFD and energy relief bonus?
Residents convicted of specific serious crimes or currently serving time for minor crimes are ineligible for this payment.
5. How do I apply for the Alaska 2024 stimulus check?
You can apply through the Alaska Department of Revenue. Choosing direct deposit can help you receive your payment more quickly.
