The Permanent Fund Dividend (PFD) has long been a significant financial benefit for Alaskans. While it’s not a stimulus check, the size of the PFD often draws comparisons. For 2023, eligible recipients were entitled to a PFD worth $1,312. However, some beneficiaries have yet to collect their payment. If you missed out on the 2023 PFD, don’t worry. Two paydays are still left—August 15 and September 12, 2024—when the 2023 PFD checks will be disbursed.
But what about the 2024 PFD? If you’re looking forward to this year’s payment, there’s good news. The Alaska Department of Revenue has confirmed the 2024 PFD will be disbursed starting in October. Here’s everything you need to know about the upcoming payments.
Payment Details
The 2024 PFD is estimated to be around $1,360. In addition, eligible Alaskans will receive $295 from the energy relief dividend, bringing the total payout to approximately $1,655. These payments will begin in early October, but not everyone will receive their funds at the same time. The disbursement schedule depends on how you filed your PFD application and your chosen payment method.
Direct Deposit
If you filed your 2024 PFD application online and opted for direct deposit, your payment will be deposited into your bank account on October 3, 2024. Direct deposit is the quickest way to receive your PFD, so if you’re in urgent need of the funds, this is the best option.
Paper Checks
For those who filed by paper and opted to receive a physical check, the wait will be slightly longer. Your check will be mailed out on October 24, 2024. While it may require a bit more patience, you can expect your payment about three weeks after the direct deposit recipients.
Checking Your Payment Status
To stay updated on the status of your payment, you can check online at the official PFD website. Your status will display as “Eligible-Not Paid” on September 20 if you’re set to receive your direct deposit on October 3. If your status shows the same message on October 14, your payment will be issued on October 24. This online tool is a convenient way to monitor your payment and plan accordingly.
Who Qualifies?
The qualification for the PFD is based on residency and other criteria established by the state of Alaska. To be eligible for the 2024 PFD, you must have lived in Alaska for the entire 2023 calendar year and intend to remain an Alaska resident indefinitely. Additionally, you must not have been sentenced or incarcerated for a felony or multiple misdemeanors during the qualifying year.
Key Dates
| Event | Date |
|---|---|
| 2023 PFD Payment (Pending) | August 15, 2024 |
| 2023 PFD Payment (Final) | September 12, 2024 |
| 2024 PFD Direct Deposit Payment | October 3, 2024 |
| 2024 PFD Paper Check Payment | October 24, 2024 |
While the PFD is not a stimulus check, it provides a significant financial boost to many Alaskans. With the 2024 payment soon approaching, it’s essential to ensure you’ve filed correctly and chosen the best payment method to suit your needs. Whether you’re receiving direct deposit or waiting for a check, this year’s PFD combined with the energy relief dividend offers a substantial payout to help with living costs. Keep an eye on your payment status and mark your calendar for the upcoming disbursement dates.
FAQs
What is the 2024 PFD payment amount?
The 2024 PFD is estimated at $1,360, plus $295 from the energy relief dividend.
When is the first 2024 PFD payment date?
The first payment date is October 3, 2024, for direct deposit recipients.
When will paper check payments be sent out?
Paper checks will be mailed on October 24, 2024.
Can I check my PFD payment status online?
Yes, visit https://pfd.alaska.gov/ to check your payment status.
What if I miss the PFD application deadline?
If you miss the deadline, you will not be eligible for that year’s PFD.
