The Permanent Fund Dividend worth $3,284 is being issued in the state of Alaska. In this article, read and find out who qualifies for the payments!
Until March 31 this year, the state of Alaska has accepted applications for the Permanent Fund Dividend. Fortunately, the state is still issuing the payments worth $3,284 depending on the date on which the applications were submitted.According to Blake, the Alaska Department of Revenue (DOR) states that those who submitted their applications that have been in “Eligible-Not Paid” status last May 10 will receive their payments on May 18. In addition, those who submitted applications and resided in Alaska for the whole of 2021 are qualified for the Permanent Fund Dividend if they have not received the payments yet.
READ ALSO: State Governments Provide Stimulus Checks And Tax Refunds To Combat Inflation
What is Permanent Fund Dividend?
An article in the official website of Alaska states that the Permanent Fund Dividend was created to distribute a share of the state’s oil revenues back to the residents every year. Reports say in 2022, the amount of the payments was higher compared to the past few year. This is apparently because of the distribution of the energy relief checks worth $662.
To be able to qualify for the Permanent Fund Dividend, an individual must have resided in the state of Alaska for the whole of 2021. Furthermore, the applicant must have not been sentenced of felony or incarcerated on the same year. Like in 2023, the deadline of submitting applications are on March 31 every year.
READ ALSO: SNAP Benefits 2023: Thousands Of Alaska Residents Await Food Stamps