The Alaska Department of Revenue announced that the total amount for the Permanent Fund dividend & Energy Relief Checks 2024 is anticipated to be $1,702. Payments for this year’s dividend are set to commence on 3 October 2024 and will be distributed over the subsequent weeks, according to the department. The Alaska Legislature allocated over $914 million for this year’s disbursement. State revenue officials reported that more than 600,000 residents of Alaska are eligible to receive this payment.
The dividend in 2024 is expected to be nearly $400 greater than the amount distributed last year. The payment in 2024 consists of a $1,403.83 PFD and an energy relief check of $298.17. Legislators have specified the portion of the payment designated for energy relief, as this amount is likely to be exempt from federal taxation. Since 2016, the Legislature has not adhered to the constitutional formula for deriving the dividend. Instead, for the past eight years, the dividend has been determined through annual budget discussions. This article is framed to provide the necessary information regarding the Permanent Fund Dividend & Energy Relief Eligibility 2024 and its payment dates and amounts.
Permanent Fund Dividend & Energy Relief Checks 2024
PFD and an energy rebate will total $1,702 per recipient, as announced by the Alaska Revenue Department. This amount is slightly higher than earlier projections due to fewer recipients. Payments will start being directly deposited on 3 October, with paper checks mailed later in the month. Since 2017, the Alaska Legislature has determined the dividend amount through budget negotiations, following a Supreme Court ruling that removed the obligation to adhere to a 1980s formula. This year’s dividend includes $1,403.83 from this split and an additional $298.17 from surplus oil revenue. Legislators have identified the segment of the payment allocated for energy relief, which is expected to be exempt from federal taxes. Since 2016, the Legislature has deviated from the established statutory formula for calculating the dividend. Rather, for the last eight years, the dividend has been established through discussions during the annual budget process. This article aims to furnish essential information concerning the Permanent Fund Dividend & Energy Relief Checks 2024, including payment dates and amounts.
Who Is Eligible For Permanent Fund Dividend & Energy Relief Checks 2024?
To qualify for a Permanent Fund Dividend & Energy Relief Eligibility 2024,
- An individual lived in Alaska for the entire year of 2023.
- At the time of applying for the Permanent Fund Dividend for 2024, the applicant plans to continue their residency in Alaska indefinitely.
- Since 31 December 2022, the applicant has not declared residency in any other state or country, nor have they received any benefits from such a declaration.
- If the candidate was out of Alaska for longer than 180 days, that time was considered acceptable.
- Moreover, at some point in 2022 or 2023, the applicant made a minimum of 72 consecutive hours of physical presence in Alaska.
PFD & Energy Relief Checks 2024
| Program | PFD & Energy Relief Checks 2024 |
| Government | The Federal Government of the USA |
| Department | Alaska Department of Revenue |
| Province | Alaska |
| Permanent Fund Dividend & Energy Relief Eligibility 2024 | The permanent resident of Alaska |
| Payment Date | 26 October 2024 |
| Category | Finance |
| Official URL | pfd.alaska.gov |
Payment Dates For Permanent Fund Dividend & Energy Relief Checks 2024
- As of 20 September 2024, the application status is listed as ‘Eligible-Not Paid,’ assuming that the request for direct deposit disbursement was completed and the application was filed electronically.
- On 18 October 2024, the application status is still listed as ‘Eligible-Not Paid.’
- Payments will be made on 26 October 2024 for all other qualified applications, including those submitted electronically and on paper that ask for checks or direct transfers.
| Application Status | Payment Dates | Filing Status |
| Eligible Not Paid | 20 September 2024 | Filed Electronically |
| Eligible Not Paid | 18 October 2024 | Filed Electronically |
| Qualified Applicants | 26 October 2024 | Submitted Electronically |
What Are The Payment Amounts For Permanent Fund Dividend & Energy Relief Checks 2024?
- The Department of Revenue has reported that more than 600,000 eligible residents of Alaska are set to receive their checks starting 3 October 2024.
- Approximately 82% of this year’s dividend is sourced from around $914 million in the Permanent Fund earnings account, while the remaining 18% is attributed to a one-time individual energy relief payment of $298.17 per person.
- The Alaska Department of Revenue announced the permanent fund dividend, which amounts to $1,702 for each individual.
- A total of $914 million has been designated from the permanent fund to be distributed among the over 600,000 Alaskans identified as eligible this year.
- Furthermore, the PFD includes a one-time energy relief payment that was introduced by the legislature in 2023.
FAQs On Permanent Fund Dividend & Energy Relief Checks 2024
People who live permanently in Alaska are eligible for PFD & Energy Relief Checks in 2024.
Applicants are anticipated to receive the payments on 26 October 2024.
The official URL is https://pfd.alaska.gov/ where the eligible candidates can apply for this payment.
