Do you want to know when the next Permanent Fund Dividend may be coming your way? You are not the only one! The PFD program is one of its kind, it distributes part of Alaska’s oil and gas revenues among qualified residents. This year, expect $1,312 as assistance for your living expenses. Who qualifies for it, and when will it, come?
Table of Contents
Who is Eligible for the PFD Payment?
- Residency Requirement: Must have lived in Alaska for the entire previous year or be a current resident at the time of application
- Income and Tax Filing Status: May impact eligibility, especially for married couples filing jointly
- Clean Criminal Record: Must not have any criminal convictions
- Dependent Children: Additional funds are available for each child listed on the application
Families Get a Little Extra Love
If you’re a family with dependent children, you’ll be happy to know that the PFD program provides additional funds for each child listed on your application. This recognizes the financial challenges of raising a family and offers extra support.
When Can You Expect Your Payment?
The last PFD payment was made on August 15. If your 2023 dividend application is marked as “Eligible-Not Paid” on September 4, 2024, you’ll receive your payment on September 12, 2024. Mark your calendars!
The PFD: A Reliable Income Boost
The Permanent Fund Dividend program has been supporting Alaska residents since 1976. It’s like a stimulus check, but instead of being a one-time payment, it’s an annual benefit that helps sustain you financially throughout the year. So, if you’re eligible, be sure to apply and take advantage of this unique opportunity.
FAQs
What is the PFD program?
Alaska’s Permanent Fund Dividend Program.
How much is the 2023 PFD payment?
Who is eligible for the PFD payment?
Alaska residents who meet requirements.
Can I transfer my PFD payment?
No, non-transferable.
Is the PFD payment taxable?
Yes, considered taxable income.
