Honk News (Anchorage, AL) – A batch of payments worth $1,702 is set to be distributed to select Alaskans in just days. The money comes from the state’s Permanent Fund Dividend (PFD), a program that rewards long-term residents for their loyalty to the 49th state.
Payout Details
Alaskans who submitted their PFD applications between February 12 and March 12 will receive their payments on March 20. The funds originate from the Alaska Permanent Fund, which manages the state’s oil revenue.
Genevieve Wojtusik, division director for the fund, confirmed the timely disbursement of the payments.
“Our mission is to administer the permanent fund dividend program, assuring that all eligible Alaskans receive timely dividends, fraud is prosecuted, and all internal and external stakeholders are treated with respect,” Wojtusik stated.
Residents who have yet to apply for the dividend still have time. The application window, which opened on January 1, will remain open until March 31. Interested applicants can file online by creating a MyAlaska account and completing the necessary forms on the state’s government website.
Eligibility Requirements
To qualify for the PFD, applicants must meet the following conditions:
| Requirement | Details |
|---|---|
| Residency | Must have been an Alaskan resident for all of 2024. |
| No Residency Claims Elsewhere | Cannot have claimed residency in another state or country since December 31, 2023. |
| Criminal Record | Must not have been sentenced or incarcerated due to a felony conviction or certain misdemeanors in 2024. |
| Physical Presence | Must have been in Alaska for at least 72 consecutive hours in 2023 and 2024, with a total absence not exceeding 180 days. |
The eligibility requirements ensure that applicants have demonstrated their commitment to remaining in the state.
Tax Refund Updates
In addition to the PFD payouts, millions of Americans are also receiving tax refunds. The Internal Revenue Service (IRS) has distributed tax refunds to at least eight million taxpayers, with an average refund amount of $2,065. However, this is about 32% lower than in 2024.
Taxpayers should be aware that the filing deadline is fast approaching on April 15. Those unable to submit their returns on time should apply for an extension to avoid penalties.
For Alaskans expecting their PFD payments, March 20 will bring a welcome financial boost, reinforcing the state’s commitment to rewarding its long-term residents.