Know Alaska Department of Revenue Announces New Payment Dates for 2024? The Alaska Department of Revenue has announced new payment dates for the 2024 Permanent Fund Dividend (PFD) and energy relief payments. This year, eligible residents can expect a combined total of approximately $1,655, comprising $1,360 from the PFD and $295 from the energy relief.
To ensure you receive your funds promptly, it’s important to be aware of the updated schedule. Direct deposits will begin on October 3, 2024, while paper checks will be mailed out on October 24, 2024. Knowing these dates and checking your payment status online will help you manage your finances effectively and plan accordingly.
Overview of the 2024 Payments
In 2024, eligible Alaskans will receive approximately $1,655, combining a $1,360 Permanent Fund Dividend and $295 in energy relief. Payments will be disbursed starting October 3 for direct deposits and October 24 for paper checks.
What is the Permanent Fund Dividend (PFD)?
The Permanent Fund Dividend (PFD) is an annual payment to eligible Alaska residents, funded by the state’s Permanent Fund. This fund was created to distribute a share of Alaska’s oil revenues directly to its residents, providing a financial benefit to those living in the state.
Although the PFD is not classified as a stimulus check, its substantial amount often creates a similar level of excitement and anticipation among Alaskans. The payments are a notable feature of Alaska’s approach to sharing its natural resource wealth with its residents.
2024 PFD and Energy Relief Amounts
For 2024, the PFD is estimated at $1,360. In addition, eligible recipients will receive $295 from the energy relief dividend. This combination brings the total payout to approximately $1,655.
Payment Schedule and Methods
Direct Deposit Payment
- Date: October 3, 2024
- Details: Those who filed their 2024 PFD application online and chose direct deposit will have their funds transferred directly into their bank accounts. This is the fastest payment method and is ideal for those who need immediate access to their funds.
Paper Check Payment
- Date: October 24, 2024
- Details: Recipients who opted for a paper check and filed their application by paper will receive their payment via mail. Although this method takes a bit longer, checks will be mailed out approximately three weeks after the direct deposit payments.
How to Check Your Payment Status
Online Status Checking
To keep track of your payment status, you can use the online status checker provided by the Alaska Department of Revenue. Here’s how to do it:
- Visit the PFD Website: Go to https://pfd.alaska.gov/
- Login: Enter your details to access your payment status.
- Status Update: If your status shows “Eligible-Not Paid” on September 20, you will receive your direct deposit on October 3. If it shows the same status on October 14, your payment will be issued as a paper check on October 24.
Eligibility Requirements
To qualify for the 2024 PFD, you must meet the following criteria:
- Residency: You must have lived in Alaska for the entire 2023 calendar year and intend to remain a resident indefinitely.
- Criminal History: You must not have been sentenced or incarcerated for a felony or multiple misdemeanors during the qualifying year.
Key Dates to Remember
Here is a quick reference table for the important dates related to the 2024 PFD:
| 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 |
Conclusion
The 2024 PFD and energy relief payments provide a substantial financial boost for many Alaskans, totaling around $1,655. With payments scheduled to start in October, it’s essential to confirm that you’ve chosen the correct payment method and submitted your application on time.
By opting for direct deposit, you can receive your funds on October 3, while paper checks will be mailed on October 24. To manage your finances effectively, keep track of your payment status online and note these key dates. Staying updated will ensure you get your payment promptly and plan accordingly.
FAQs
What is the total amount for the 2024 PFD and energy relief?
The total payment for 2024 is approximately $1,655, which includes $1,360 from the PFD and $295 from the energy relief dividend.
When will the first 2024 PFD payment be made?
The first payment will be made on October 3, 2024, for those who opted for direct deposit.
How can I check the status of my PFD payment?
You can check your payment status online at https://pfd.alaska.gov/ by logging in and reviewing your payment status updates.