New $1,702 Allowance Payment Arriving Today – Check the Next Payday and How to Apply

The Permanent Fund Dividend (PFD) program, managed by the Alaska Department of Revenue, provides eligible residents with an annual allowance based on the state’s oil revenue. In 2024, eligible recipients will receive a new check worth $1,702, a significant increase from the $1,312 payment in 2023. Here’s everything you need to know about the payment schedule, eligibility criteria, and upcoming application deadlines.

PFD Payment Schedule

Eligible recipients who qualified for the PFD in 2024 received their first payment on November 21. However, not all payments were disbursed on this date. For those who haven’t received their allowance:

• December 11, 2024: Check your payment status online. If it reads “Eligible-Not Paid”, your payment will be issued on December 19, 2024.
• December 19, 2024: This is the final payment date for 2024.

2025 PFD Payment

While December 19 marks the last PFD payment for 2024, the first payment for 2025 is scheduled for January 16, 2025. To check your eligibility for this payment, verify your application status online on January 8, 2025.

Applications

The application window for the 2024 PFD closed on March 31, 2024. However, applications for the 2025 PFD will open on January 1, 2025, and close on March 31, 2025.

2025 Eligibility Requirements

To qualify for the 2025 PFD payment, applicants must meet the following criteria:

1. Residency: Be a resident of Alaska for the entire calendar year 2024.
2. Intent to Remain: Demonstrate a commitment to living in Alaska and not claim residency in another state or country.
3. Legal Standing: Not be incarcerated, sentenced, or serving time in prison.
4. Additional Criteria: Meet all other requirements outlined by the Alaska Department of Revenue.

To learn more, visit the official PFD website at pfd.alaska.gov.

Why the PFD Matters

The Permanent Fund Dividend program is a cornerstone of Alaska’s economy, offering financial support to its residents. The 2024 payment increase to $1,702 provides significant relief to households, especially during the holiday season. By distributing a portion of the state’s oil revenues, the PFD ensures that Alaska’s natural wealth benefits its people directly.

Planning

For those eligible for the December or January payments, ensure your application status is updated, and all required documents are submitted on time. If you missed the 2024 deadline, mark your calendar for the 2025 application period beginning January 1, 2025.

The PFD program is more than a financial boost—it’s a reflection of Alaska’s commitment to its residents. Don’t miss your chance to take advantage of this unique benefit.

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