$1,702 Alaska PFD Payment For October 2024: Know Eligibility & Important Dates

For Alaskans, the Permanent Fund Dividend (PFD) is a critical yearly payment provided by the state, offering financial support to residents.

This year, the PFD payment is set at $1,702, marking a notable increase from last year’s amount of $1,312.

If you’re eligible, this could be a welcome financial boost, especially as stimulus checks have ended for most Americans. Here’s everything you need to know about the PFD payment schedule, eligibility, and how to receive it.

PFD Payment Schedule for October 2024

The Alaska Department of Revenue, through the Permanent Fund Dividend (PFD) division, has already begun distributing payments to eligible Alaskans.

The first round of payments was issued on October 3, 2024. However, if you missed that payment date, the next payout is scheduled for October 24, 2024.

• October 3, 2024: First round of payments for eligible Alaskans.
• October 24, 2024: Second round for those who qualified but haven’t yet received their payment.

As of October 8, there are 16 days left for the next disbursement, so make sure you’re prepared to receive your payment on time.

Increase in PFD Payments

This year’s PFD payment has risen significantly compared to last year, with eligible recipients receiving $1,702, a substantial increase from $1,312 in 2023.

That’s an extra $390 in just one year, providing an essential financial boost to Alaskans who qualify.

Eligibility for PFD Payments

To receive the October 24, 2024 PFD payment, you need to meet specific requirements. Here’s what makes you eligible:

• Paper Applicants: If you filed your PFD application by paper rather than electronically.
• Paper Check Payment: You must have chosen to receive your payment via a physical paper check, rather than direct deposit.
• Eligible Status: Your PFD status must read “Eligible-Not Paid” by October 14, 2024.

For those who missed applying in 2024, don’t worry—you will have the chance to apply for the 2025 PFD starting January 1, 2025.

PFD Payment Eligibility for 2025

If you’re looking ahead to 2025 and want to qualify for next year’s PFD, here are the basic eligibility requirements:

• Alaska Residency: You must have been a resident of Alaska for the entire 2024 calendar year.
• Intent to Stay: You must show an intention to continue living in Alaska and cannot have applied for residency in any other state.
• Presence in Alaska: You cannot have been absent from Alaska for too long, as there are limits on how long you can be away while maintaining eligibility.
• Physical Presence: You need to have been physically present in Alaska for at least 72 consecutive hours during 2023 or 2024.
• No Criminal Incarceration: You cannot be in jail or incarcerated at the time of application.

How to Apply for the 2025 PFD Payment

Applications for the 2025 PFD will open on January 1, 2025, and can be completed online or via paper application. Make sure to apply before the deadline to ensure you’re eligible for next year’s payment.

The $1,702 PFD payment is a substantial financial benefit for Alaskans in 2024, with increased payments reflecting the state’s commitment to supporting its residents.

Whether you’ve already received your first payment or are awaiting the October 24 disbursement, it’s important to ensure your eligibility status is updated and correct.

For those planning ahead, don’t forget that applications for the 2025 PFD will open on January 1, 2025.

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