STIMULUS payments have already begun hitting accounts for Americans who meet certain requirements.
The state is distributing the payments through a program designed to support residents.
GettyResidents who fulfill all five criteria are eligible for a stimulus payment[/caption]Alaska residents are set to receive an ongoing stimulus check, but the deadline to claim it is approaching fast.
The Permanent Fund Dividend (PFD) is a unique financial benefit for Alaska residents who have maintained residency for a specific period.
The funds for the PFD come from a system that manages the state’s oil revenues.
Residents can apply between January 1 and March 31.
The dividend provides a valuable financial boost for longtime Alaska residents and recognizes their continued loyalty to the state.
HOW TO CLAIM IT
Alaska residents who have lived in the state for at least a year before applying and intend to stay long-term can register on the state’s official website.
Applicants who filed between February 12 and March 12 will see their funds deposited by the end of the week.
Anyone who completes the process before the deadline will receive a payment of $1,702.
Those who have applied can check the MyAlaska website to view their application status.
HOW TO QUALIFY
The PFD is only available to Alaska residents who meet certain requirements.
To be eligible for the dividend, applicants must have resided in Alaska for a full calendar year before applying.
For this year’s payout, individuals must have lived in the state throughout 2024.
They also cannot have claimed residency in another state or country or received benefits tied to such a claim since December 31, 2023.
Those convicted of a felony in the past year or incarcerated due to a felony or misdemeanor are ineligible.
Additionally, applicants must have spent at least 72 consecutive hours in Alaska in each of the last two years.
They also cannot have been outside the state for more than 180 days.
WHAT IT’S FOR
The dividend serves as a way to foster loyalty to Alaska and encourage residents to remain in the state.
Having long-term residents contributes to the growth of the state’s economy and population.
It also guarantees that residents are recognized for their role in the state’s development.
Additionally, it provides the state with an opportunity to foster pride and cultivate a sense of community among its committed residents.
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