The Permanent Fund Dividend (PFD) payments might sound like stimulus checks, but they’re actually yearly payouts from the Alaska government. These payments share some of the state’s mineral revenue with people who live there.
In this article, you’ll find all you need to know about PFD payments, including who can get them, when you’ll receive them, and how to apply.
Understanding the Permanent Fund Dividend (PFD)
What is the PFD?
The Alaska Permanent Fund Dividend (PFD) is a yearly payment from the state to its residents, funded by the state’s mineral revenue. It’s designed to share some of these earnings with Alaskans to give them a financial boost.
2023 PFD Payments
If you haven’t received your 2023 PFD payment yet, there’s still time. This year’s amount is $1,312.
Be sure to check your payment status and make sure you meet the eligibility requirements.
Upcoming PFD Payment Date
Next Payment Date
According to the Permanent Fund Dividend website, the next payment is set for August 15, 2024.
If you’ve already gotten your 2023 PFD payment, you won’t receive this upcoming distribution. You’ll need to wait for the 2024 PFD payments instead.
Checking Your Payment Status
If you haven’t received your 2023 PFD payment yet, you should check its status on August 7, 2024. If it shows “Eligible – Not Paid,” you’ll get the $1,312 payment on August 15, 2024. Only 11 days left until payday!
Eligibility Requirements
General Eligibility Criteria
To qualify for the PFD payment, applicants need to meet these requirements set by the Alaska Department of Revenue:
- Other Conditions: There might be more requirements, so check the official PFD website for complete details.
- Residency: You must have lived in Alaska for the entire year before applying.
- Intent to Stay: You should plan to continue living in Alaska indefinitely.
- Absences: If you’ve been away from Alaska, your absences need to be allowed and fit specific rules.
- Criminal Record: You can’t have been convicted of a felony or be in prison for a felony during the qualifying year.
2025 Application Period
You can apply for the 2025 PFD from January 1 to March 31, 2025. If you miss this window, you won’t be able to get the 2025 PFD.
Application Process
How to Apply
Applying for the PFD is simple. Just follow these steps:
- Check Eligibility: Go to the PFD eligibility page to make sure you qualify.
- Gather Documents: Collect the needed documents to prove your residency and meet other eligibility requirements.
- Submit Your Application: Fill out and submit your application online on the official PFD website during the application window.
- One Application Per Person: Each eligible person, including kids, needs to fill out their own application.
That’s it! Just make sure to follow each step to complete your application successfully.
Important Information for Families
Individual Applications: Each family member needs their own application. So, if you’re a family of six, you’ll need to submit six separate forms.
For Kids: Parents or guardians must fill out applications for their children.
The PFD (Permanent Fund Dividend) offers financial help from Alaska’s mineral revenues. The next payment is scheduled for August 15, 2024. If you haven’t received your 2023 payment yet, be sure to check your status soon.
If you’re getting ready to apply for the 2025 PFD, remember to submit your application between January 1 and March 31, 2025. Make sure you meet all the eligibility requirements.
FAQs
When is the next PFD payment due?
The next PFD payment is scheduled for August 15, 2024.
How much will I get for the 2023 PFD?
The 2023 PFD payment is $1,312.
Who can get the PFD?
To be eligible for the PFD, you need to have lived in Alaska for the entire previous year, plan to stay here for the foreseeable future, and meet other specific requirements.
When can I apply for the 2025 PFD?
You can apply for the 2025 PFD between January 1 and March 31, 2025.
How can I check my PFD payment status?
To check the status of your PFD payment, visit the official PFD website, log in to your account, and view your payment details.