If you are an Alaskan resident struggling with the high cost of living. You’re not alone! The Alaska Department of Revenue has some good news for you – a $1312 Stimulus Check is on its way to eligible residents!
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What’s the Purpose of the Stimulus Check?
This payment is part of the Permanent Fund Dividend, a program designed to support Alaskan families and stimulate economic activities. With nearly $1 billion injected into the local economy, this payment is crucial for many residents.
Key Dates to Remember
Mark your calendars! Here are the important dates:
- July 1-12, 2024: Temporary closure for processing applications.
- July 15, 2024: In-person services resume.
- July 18, 2024: Payment distribution starts.
- Mid-August 2024: Payments for later registrants.
Eligibility Criteria
To qualify for the $1312 Stimulus Check, you must:
- Be a resident of Alaska for the entire previous year or currently.
- Meet income and tax filing requirements.
- Have no criminal convictions.
- Intend to remain in Alaska.
- Be marked as “Eligible-Not Paid” on the PFD website.
How to Check Your Payment Status
Want to know when your check is coming? Follow these steps:
- Visit the official PFD website.
- Click on “myPFD.”
- View your application and payment status.
- Ensure your address and personal details are up-to-date.
What Does the PFD Mean for Alaska’s Economy?
The Permanent Fund Dividend is a game-changer for Alaska’s economic landscape. By providing direct financial assistance, it:
- Lowers poverty levels.
- Increases consumer spending, benefiting local businesses..
- Distributes natural resource wealth among residents, ensuring a more stable economy.
FAQs
How much is the payment?
$1312.
When were payments initialized?
Can I check my payment status?
Yes, on the PFD website.
How will the payment be made?
Via check or direct deposit.
Is the payment taxable?
No, it’s not considered taxable income.
