The Alaska Department of Revenue is distributing a $1,312 stimulus check to eligible residents, initiated on July 18, 2024. This financial assistance comes amid Alaska’s high cost of living, providing crucial support for many residents. The payment coincides with the distribution of the Permanent Fund Dividend (PFD), a significant economic boost to the state, injecting nearly $1 billion into the local economy.
Temporary Closure and Resumption of In-Person Services
The PFD Division temporarily closed its public services from July 1 to July 12, 2024, to focus on processing applications from the recent filing season. Despite this closure, submissions via mail, email, or fax continued to be accepted. In-person services resumed on July 15, 2024, with office hours on Mondays, Tuesdays, and Fridays from 10:00 AM to 4:00 PM. The PFD website and customer service remain accessible for additional information and assistance.
$1,312 Stimulus Payment Schedule
Payments are being processed for residents designated as “Eligible-Not Paid” by July 10, 2024, with a designated payment date of July 18, 2024. Those who registered later can expect their payments around mid-August. According to Commissioner Adam Crum, the 2023 PFD has already injected nearly $1 billion into the Alaskan economy, supporting residents amid rising living costs.
The Impact of the PFD on Alaska’s Economy
The PFD plays a crucial role in Alaska’s economic landscape by:
- Reducing Poverty Levels: Annual payments provide direct financial assistance, helping to lower poverty levels.
- Boosting Consumer Spending: The funds increase consumer spending, benefiting local businesses and the broader economy.
- Ensuring Economic Equity: By distributing wealth from natural resources, the PFD promotes a more stable and equitable economic environment in the state.
Eligibility Criteria for the $1,312 Stimulus Check
To qualify for the stimulus check, residents must meet the following criteria:
- Residency: Must have lived in Alaska for the entire previous year or be a current resident at the time of application.
- Income and Taxes: Eligibility can be influenced by income and tax filing status, especially for married couples filing jointly.
- Criminal Record: Applicants must not have any criminal convictions.
- Future Residency Plans: Must intend to remain in Alaska.
- Dependents: Additional funds may be available for each dependent child listed on the application.
- Application Status: Must be marked as “Eligible-Not Paid” on the PFD website, indicating approval for the dividend but pending payment.
How to Check Your Payment Status
To check the status of your $1,312 stimulus check, visit the official Permanent Fund Dividend website at pfd.alaska.gov. Use the “myPFD” portal to view detailed information about your application and payment status. Ensure your current address and other personal details are accurate to avoid delays in receiving your check.
By meeting these criteria and staying informed through the PFD website, eligible Alaskans can manage their applications and receive their dividends smoothly, benefiting from this substantial financial support.
FAQs:
When will the $1,312 stimulus checks be distributed?
The distribution began on July 18, 2024, with additional payments expected around mid-August for later applicants.
Who qualifies for the $1,312 stimulus check?
Residents who meet specific criteria, including residency, income, tax status, and the absence of a criminal record, qualify for the payment.
How can I check the status of my stimulus check?
Visit the PFD website and use the “myPFD” portal to view your application and payment status.
What should I do if my address has changed?
Update your personal details on the PFD website to ensure timely receipt of your check.