Alaska’s state government has announced that eligible residents may soon receive a $1,702 payout as part of the Permanent Fund Dividend (PFD), a unique program rewarding long-term residents funded by state-managed oil revenues.
The Permanent Fund Dividend, designed to distribute the wealth generated from Alaska’s abundant natural resources, specifically targets individuals who have maintained continuous residency in the state. The upcoming payout totals $1,702 per eligible resident and is set to recognize those residents who fulfill specific residency criteria.
The program’s application period remains open until March 31, 2024, and eligible residents are encouraged to apply through the state’s official MyAlaska online portal. According to state officials, those wishing to apply must complete the necessary forms via the MyAlaska website, ensuring they meet all outlined conditions, told The Sun.
Alaska’s Permanent Fund Dividend Director, Genevieve Wojtusik, emphasized the program’s objectives, stating, “The Government maintains that there is no justification to order the provision of additional information and that doing so would be inappropriate, because even accepting Plaintiffs’ account of the facts, there was no violation of the Court’s written order.” Wojtusik underscored the importance of integrity and transparency in administering the dividend.
Potential applicants must demonstrate residency for the entirety of the 2024 calendar year without claiming residency or benefits from another state or country. Officials highlighted strict requirements, including continuous residence in Alaska for at least 72 consecutive hours in both 2023 and 2024, and ensuring residents have not been outside the state for more than 180 days during that period.
Interested residents must also ensure they submit their application through the MyAlaska online portal by March 31, after creating an account and completing the necessary eligibility verification steps. After submission, applicants can track their application status through the same portal.
Despite stringent eligibility rules, state officials anticipate significant participation and stress the reward’s intention to encourage long-term residency and economic stability. Meanwhile, the IRS has announced separate tax-related deadlines, noting a nationwide drop in filings compared to last year.
The current tax filing deadline remains April 15, with IRS data showing fewer Americans submitting returns compared to 2024. This state-led initiative continues to underscore Alaska’s unique approach to managing its natural resource wealth, highlighting its commitment to rewarding long-standing residents with direct financial benefits.
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