AMERICANS have only a few hours remaining to claim their share of stimulus checks.
However, the $1,702 payments are exclusively for those who qualify.
The Alaska Permanent Fund Dividend (PFD) is an ongoing stimulus initiative that began in 1976.
For almost 50 years, the PFD has provided checks to eligible residents who have maintained residency for a required period.
The funds for these stimulus checks originate from a program that oversees Alaska’s oil revenue.
This year, the amount for the 2024 Permanent Fund Dividend is set at $1,702.
Residents can submit applications from January 1 to March 31.
To secure the funds, ensure you apply through the state’s official website.
ARE YOU ELIGIBLE?
To qualify for the PFD checks, there are certain stipulations you must meet.
First, you need to be an Alaska resident for the entirety of the 2024 calendar year.
Additionally, you must not have established residency in another state or country or utilized benefits related to that claim since December 31, 2023.
You shouldn’t have been convicted of a felony in the past year or have been imprisoned due to a felony or misdemeanor.
Applicants are required to have spent at least 72 consecutive hours in Alaska during each of the previous two years.
Finally, you must have stayed within the state for over 180 days.
WHEN WILL I SEE MY CHECK?
Your check distribution timing relies on the status of your dividend application.
According to the state’s website, those with applications marked as “Eligible-Not Paid” on March 12, 2025, will receive their payments on March 20, 2025.
Applications that hold “Eligible-Not Paid” status on April 9, 2025, will be paid out on April 17, 2025.
ALASKA PFD VS STIMULUS
The PFD payment is distinct from the stimulus checks issued to Americans during the pandemic.
PFD payments are designed for residents of a specific area and derived from the earnings of a permanent or sovereign wealth fund.
Alaska’s sovereign wealth fund, known as the Alaska Permanent Fund, was established in 1976.
This fund is primarily financed through revenue generated from Alaska’s oil and gas reserves.
Each year, a portion of these funds is distributed to Alaskan residents as dividends.
Furthermore, payments for applications classified as “Eligible-Not Paid” on May 7, 2025, will be disbursed on May 15, 2025.
Residents may experience different payment arrival times, as the method of receipt influences timing.
Individuals using direct deposit typically see their payments first, as these transfers are processed quickly.
In contrast, those receiving paper checks may wait several weeks for delivery.
The PFD isn’t the only financial aid available to Americans.
You might be eligible for funds from a $7.5 million ‘false advertising’ settlement—there are five methods to obtain cash.
A new ‘incentive’ plan could potentially provide Americans with $10,000 in tax payments through a proposed bill.
