The $1,702 Stimulus Payment for residents of Alaska has been officially announced by the state government.
This payment, which includes the Alaska Permanent Fund Dividend (PFD) and an additional Energy Relief Payment, will provide essential financial assistance to eligible residents.
Here’s everything you need to know about the payment schedule, eligibility criteria, and how to claim the full amount.
What is the $1,702 Stimulus Payment?
The $1,702 Stimulus Payment is a combination of the $1,403 Alaska Permanent Fund Dividend (PFD) and an additional $298.17 Energy Relief Payment.
This one-time increase is designed to help Alaskans cope with rising living costs, especially those related to energy and other essentials. The stimulus will benefit approximately 60,000 residents in the state.
The PFD is Alaska’s way of distributing a portion of the state’s earnings from its natural resources to its residents each year, ensuring that all citizens benefit from the state’s wealth.
Breakdown of the $1,702 Stimulus Payment:
| Payment Type | Amount |
|---|---|
| Alaska Permanent Fund Dividend (PFD) | $1,403 |
| Energy Relief Payment | $298.17 |
| Total Payment | $1,702 |
Alaska PFD Payment Dates for October 2024
The Alaska Department of Revenue has outlined two specific dates in October 2024 for the distribution of the $1,702 Stimulus Payment:
- October 3, 2024: This is the first scheduled payment date. Beneficiaries who are eligible and have submitted all necessary documentation will receive their payments via direct deposit.
- October 24, 2024: For those whose applications were delayed or who are newly eligible, the payment will be processed on this date.
The payment for any pending applications from previous years (including 2023) will be processed on separate dates. If your payment was pending in 2023, you can expect it by September 12, 2024, or during the next payment cycle on October 3, 2024.
Eligibility for the $1,702 Stimulus Payment
To qualify for the $1,702 PFD and Energy Relief Payment, applicants must meet specific residency and filing criteria:
- Alaska Residency: You must have been a permanent resident of Alaska for the entire year of 2023 and continue to reside in the state.
- Timely Application: Individuals must have filed their PFD application by the deadline, which is typically at the beginning of the year.
- Eligibility Status: You must not have been absent from the state for an extended period (with exceptions for military service or educational reasons).
How to Check Your PFD Payment Status
If you’ve applied for the Alaska PFD but haven’t received payment, you can check the status of your application online. Here’s a simple step-by-step guide:
- Visit the Alaska Department of Revenue’s PFD Website: Go to the official Permanent Fund Dividend Program page at https://pfd.alaska.gov.
- Check Application Status: On the website, find the section to check the status of your application. You will need to log into your myPFD dashboard.
- Enter Required Details: Provide your personal information, including name, date of birth, and driver’s license number, to access your application status.
- View Your Status: After submitting your information, you will see your application status, including whether your payment is approved or pending. Take a screenshot for your records if necessary.
Pending Payments for Previous Years
Some residents may still be awaiting payments from 2023 or earlier. Here’s the schedule for those waiting on pending payments:
- September 12, 2024: Payments for pending applications from previous years will be processed.
- October 3, 2024: If you haven’t received your payment by September 12, 2024, you may receive your pending 2023 payment along with your 2024 PFD and Energy Relief payment.
- October 24, 2024: If your application status is still listed as “Eligible-Not Paid” by October 14, 2024, you should receive your complete payment by October 24, 2024.
How to Apply for the $1,702 PFD and Energy Relief Payment
If you haven’t yet applied for the Alaska PFD, it’s important to know that the deadline for applying was earlier in the year. However, if you’re planning to apply in the future, here’s how the process works:
- Visit the Official Website: Go to https://pfd.alaska.gov.
- Log in to myGov: Access your account by entering your user ID and password.
- Submit the Application: After logging in, fill out the Permanent Fund Dividend application form. Make sure to include your income details and any required documentation.
- Wait for Approval: Once you’ve submitted your application, the Alaska Department of Revenue will review it and update your payment status.
The $1,702 Stimulus Payment, which includes the Alaska Permanent Fund Dividend and Energy Relief Payment, will offer much-needed financial assistance to residents across the state.
Eligible residents can expect their payments to be processed on October 3, 2024, and October 24, 2024, depending on their application status.
If you are still waiting for payments from previous years, be sure to check your application status on the Alaska Department of Revenue website. This stimulus payment can significantly benefit families, helping with living expenses, education, and other essential needs.
FAQs
When will the $1,702 PFD and Energy Relief payment be made?
The payments will be made on October 3, 2024, and October 24, 2024.
What is the breakdown of the $1,702 payment?
The payment includes $1,403 from the Alaska PFD and an additional $298.17 Energy Relief Payment.
Who is eligible for the Alaska PFD payment?
Alaska residents who lived in the state for the entire year of 2023 and filed their PFD applications by the deadline are eligible.
How do I check the status of my PFD payment?
You can check your payment status by visiting the Alaska Department of Revenue’s website at https://pfd.alaska.gov.
What should I do if my payment is still pending?
If your payment is pending, check your status online. If you are listed as “Eligible-Not Paid,” you should receive your payment by October 24, 2024.
