Attention Alaska residents! The Permanent Fund Dividend (PFD) is set to break records this year, with eligible adults receiving a whopping $1,718. This windfall comes from Alaska’s oil wealth, shared annually with residents to help offset the state’s high cost of living. But don’t miss out! The application deadline is fast approaching. Keep reading to find out everything you need to know about securing your share of this historic payout.
Governor Mike Dunleavy of Alaska has raised the state’s Permanent Fund Dividend (PFD) to about $1,718 per eligible resident, up from the previously authorized $1,655, thanks to higher-than-anticipated revenue after the fiscal year’s end.
How to Apply and Key Deadlines: Alaska Raises Permanent Fund Dividend to $1,718
According to Marca, Governor Mike Dunleavy of Alaska has recently revealed an increase in the Permanent Fund Dividend (PFD) to approximately $1,718 per eligible resident. This amount surpasses the previously approved $1,655 set by the legislature, driven by higher-than-anticipated revenue following the fiscal year’s conclusion.
Alaskans are required to apply for the Permanent Fund Dividend annually by March 31, with exceptions for special circumstances such as disability or military service. Applications can be completed online via the official website, where applicants can either utilize an existing myAlaska account or create a new one. Upon submission, applicants receive a Confirmation Number for their records.
To qualify for Alaska’s Permanent Fund Dividend, applicants must have been residents of Alaska throughout the preceding calendar year and intend to remain indefinitely. Eligibility criteria are outlined in Alaska Statutes 43.23.005 and AS 43.23.008, emphasizing residency in the year preceding the application (e.g., 2023 for applications in 2024). The program annually distributes financial assistance from Alaska’s Permanent Fund to eligible residents.
