Do stimulus checks continue in this U.S. state?

The stimulus checks issued through the Permanent Fund Dividend (PFD) in Alaska have been distributed monthly, funded by the earnings from oil and gas reserves.

Eligible candidates as beneficiaries of this economic assistance have been directly receiving the stipulated money from the state into their bank accounts since October 2023.

What happens with the payments for the rest of the annual calendar 2024? Will payments continue or will the issuance of checks be suspended? According to the schedule set by the Alaska Department of Revenue, another financial retribution is scheduled for this year.

What is the next stimulus check on the 2024 payment calendar?

According to the information provided on the official website of the Permanent Fund Dividend in Alaska, “applications for dividends from 2023 (and previous years) that are in ‘Eligible-Not Paid’ status on May 8, 2024, will be distributed on May 16, 2024.

Will payments continue for the rest of the year?

At the moment, the PFD has not commented on the suspension of stimulus checks, however, the official page does not show the payment calendar for the coming months, so it would be necessary to wait for the site update or the reference announcement.

However, according to details issued in previous months, the issuance of these assistance checks was announced for the coming periods corresponding to the current year.

What is the amount of the stimulus checks?

The approved stimulus check amount is $1,312, under the federal tax identification number of the state 92-6001185.

On this matter, you can find tax information in the Payments menu on the Alaska Department of Revenue page, through this link.

According to information statistics, more than 8,000 applications have been processed to receive these stimulus checks, a process that closed application requests last March and required certain criteria for selection.

Among these aspects, it is required that the petitioner, as a beneficiary of the PFD, must not have a criminal record and must intend to continue living in Alaska indefinitely, in addition to not having applied for residence in other U.S. states during the period to apply.

Genevieve Wojtusik, division director, has pointed out regarding this Permanent Fund Dividend program, that its essential objective is to ensure that each eligible candidate receives timely dividends, “that fraud is processed and that all involved parties, both internal and external, are treated with respect.”

Adam Crum, the commissioner of the Alaska Department of Revenue, has referred that this program is part of the state initiative to distribute the wealth of the state’s natural resources among the citizens.

The program involves an approximate amount of $1,000 million in the state’s economy, and the PFD has a financial fund of about $75,080 million, and in this regard, it is intended to invest 36 percent in public stocks.

If you wish to contact the PFD offices, you can visit the information entities on Mondays, Tuesdays, and Fridays, between 10:00 am and 4:00 pm. They do not provide population service on Wednesdays and Thursdays. Meanwhile, telephone contact can be made at this number: 907-465-2326.