Is There an Alaska Stimulus Check in 2024?

An Alaska stimulus check can be of great help for many state residents facing financial problems. There have been no new stimulus updates for state residents for 2024, and unlike many other states, Alaska doesn’t have any state-level tax credits.

However, eligible residents may qualify for a $1,312 check through the Permanent Fund Dividend (PFD). There are also many federal financial assistance programs, such as Social Security, rental assistance, SNAP, and unemployment insurance benefits through which you can get help.

Read on to learn more about your options, qualification requirements for the Permanent Fund Dividend, and how much you can get.

Is There an Alaska Stimulus Check in 2024?

Other than the Permanent Fund Dividend, there are no other Alaska stimulus checks coming in 2024. While you may have come across news about the fourth stimulus check issued by the IRS, this is completely false since President Biden and Congress have no plans to issue any more payments under the American Rescue Plan or the CARES Act.

Alaska Stimulus Check 2024

Alaska doesn’t have state-level tax credits, like the Earned Income Tax Credit (EITC), Child Tax Credit (CTC), or the Child and Dependent Care Tax Credit (CDCTC). However, you can still claim the federal tax credits.

“While there is no stimulus check, always work with a tax professional to make sure you get all the deductions you can take to save money,” advises Teresa Dodson, a debt expert and the founder of Greenbacks Consulting. “In Alaska, you do save a lot of money since they have no state tax,” she adds.

The Alaska Department of Revenue also distributes the Permanent Fund Dividend to state residents each year. The Alaska Permanent Fund was established in 1976 and is a state-owned corporation that is funded by the revenue generated through oil drilling.

The 2023 PFD, which will be distributed in 2024, is the 42nd year that Alaskans will receive their share of Alaska’s natural resource wealth. The PFD is estimated to distribute $1 billion to qualifying state residents.  

How do Alaska Stimulus Checks Work?

The Alaska Permanent Fund is an investment fund that gets its investment capital from surplus revenues through the development of the state’s oil and gas reserves. The fund is managed by a state-owned corporation, the Alaska Permanent Fund Corporation. As of April 2024, the fund’s value is $78.56 billion.

The amount of your Alaska stimulus check through the PFD will depend on the fund’s profits and legal intervention. While it's not a stimulus program, it’s a sovereign wealth fund that helps put money back into the pockets of eligible Alaskans.

Who Is Eligible for Alaska’s Stimulus Checks?

You may qualify for an Alaska stimulus check through the PFD if you meet the following eligibility requirements:

• You must be a resident of the state of Alaska during the entire calendar year 2023.
• You intend to remain a resident of Alaska indefinitely on the date you apply for the Permanent Fund Dividend.
• You must not have claimed residency in any other country or state or received a benefit as a result of a residency claim in another country or state since December 13, 2022.
• You must not have been sentenced due to a felony conviction in 2023.
• You must not have been incarcerated in 2023 due to a felony or misdemeanor.
• You must not have been absent from the state for more than 180 days unless it was an allowable absence.
• You must have been physically present in the state for at least 72 consecutive hours at some time in 2022 and 2023.

How Much Do You Receive and When

If you meet the eligibility criteria for an Alaska stimulus check, you’ll receive a payment of $1,312 through the 2023 PFD.

Here’s the expected payment schedule:

• Payments will be distributed on May 16, 2024, for 2023 and prior year applications with “Eligible-Not Paid” status on May 8, 2024.
• Payments will be distributed on June 20, 2024, for 2023 and prior year applications with “Eligible-Not Paid” status on June 12, 2024.
• Payments will be distributed on July 18, 2024, for 2023 and prior year applications with “Eligible-Not Paid” status on July 10, 2024.

How To Track the Status of Stimulus Checks in Alaska

You can check the status of your application online through “myPFD.” Check the Alaska Department of Revenue’s payment schedule to learn more about when you can expect to receive a payment.

If you haven’t received the PFD in your bank account through direct deposit or a paper check on the expected payment dates, make sure to check your application status and the address on your PFD application online. You can also update your address online if you signed your application electronically.  

How To Apply for Alaska’s Stimulus Checks

The application season for the Alaska Permanent Fund Dividend is from January 1st to March 31st each year. Applications can only be sent during that time. You must complete and submit a separate application for each member of your family, including children and adults.

You can fill out the application online and sign the form electronically. You can create a new myAlaska account or use your existing account to submit an application. If you’re sponsoring your child’s application, you can electronically sign the application on your child’s behalf.

If you prefer a paper application process, you can get the forms at Distribution Centers statewide.

Get Your Stimulus Check for 2024 in Alaska

Eligible residents can get a $1,312 Alaska stimulus check through the Permanent Fund Dividend program. While there are no other stimulus checks coming for citizens of Alaska in 2024, there are a number of federal benefit programs you may qualify for if you’re facing financial hardship and are struggling to pay for necessities.

Another excellent option is to enroll in a debt relief program in Alaska that can help you reduce or settle all other unsecured debts you owe.

Visit our Hawaii stimulus checks, Wyoming stimulus checks, and Idaho stimulus checks pages for information about programs you can apply for in those states.