Stimulus update: Direct payment from Alaska fund worth $1,312 to be sent to some in 16 days

The Alaska Department of Revenue is slated to send out payments from the state’s Permanent Fund Dividend to those who have yet to get their 2023 payment in 16 days.

The next round of payments of the annual checks will occur within a few weeks, becoming the fifth wave of 2023 payments sent out since October.

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Eligible Alaska residents who have the “Eligible-Not Paid” status on Jan. 10 and have yet to receive their 2023 or earlier payments from the state program will receive a payment during this wave of distribution on Jan. 18. The payment amounts for the Permanent Fund Dividend are determined by mineral revenues from the state of Alaska for each year and are meant to benefit current and future generations of residents, according to state officials. For 2023, the amount was $1,312 per resident from the program.

“The 2023 PFD marks the 42nd year Alaskans have received their share of the state’s natural resource wealth,” Alaska Department of Revenue Commissioner Adam Crum said in a statement. “I would like to thank our Permanent Fund Dividend Division for their tireless work year-round in administering the program and processing the applications.”

“This year, we processed over 8,000 more applications than in 2022,” Crum added. “The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans.”

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Applications for the program for 2024 are open from now until March 31, with residents being able to apply for the state program either online or via paper form.

To qualify for the Permanent Fund Dividend, applicants must intend to remain a resident of Alaska indefinitely and not be a convicted felon, among other requirements. Further information on the state program can be found on the Alaska Department of Revenue’s website.