Alaska residents can breathe a little easier this year, thanks to the state’s $1,702 Permanent Fund Dividend (PFD) payment for 2024. This annual payment, drawn from Alaska’s oil and gas revenues, is a financial boost aimed at ensuring that citizens benefit directly from the state’s rich natural resources. Here’s everything you need to know about eligibility, payment schedules, and how to apply for future payments.
Who’s Eligible for the $1,702 PFD Payment?
To qualify for this year’s PFD, Alaskans must meet specific criteria. Applicants need to have been Alaska residents for the entire year of 2023 and must intend to continue living in the state. Additionally, here are the key eligibility rules:
- Residency: You must have lived in Alaska for the whole calendar year of 2023.
- Absences: If you spent more than 180 days outside the state in 2023, your absence must fall under acceptable exceptions, such as military service, attending college, or receiving medical care.
- Legal Standing: Applicants with felony convictions in 2023 are ineligible.
- Presence Requirement: You must have been physically present in Alaska for at least 72 consecutive hours during 2022 or 2023.
If you meet these requirements, you’re good to go!
Missed the 2024 Application? Don’t Worry—Prepare for Next Year
The application window for the 2024 PFD closed on March 31, 2024. Those who applied online or through paper applications should ensure their information is accurate to avoid any processing issues. The next application period for the 2025 PFD opens on January 1, 2025, and closes on March 31, 2025. Mark your calendar now to avoid missing out!
When Will You Get Your Money?
Payments for the 2024 PFD began rolling out this January, and the Alaska Department of Revenue has released a schedule to help you track your payment:
- January 16, 2025: If your application was marked as “Eligible-Not Paid” by January 8, 2025, you should have received your direct deposit on January 16.
- February 20, 2025: Those whose applications were cleared as of February 12, 2025, will receive payments on February 20.
- March 20, 2025: If you are still waiting, applications approved by March 12, 2025, will be paid out by March 20.
The state’s official PFD website will have the most up-to-date information, so be sure to check there if you’re still waiting for your deposit.
What’s Next for Alaskans?
The PFD program has long been a key feature of Alaska’s economy, helping residents with daily expenses, rent, and other financial obligations. With the application period for 2025 just around the corner, be sure to gather the necessary documents and apply on time.
If you’re still waiting for your 2024 payment or want to prepare for next year, visit the official PFD website at pfd.alaska.gov for updates and information.
