The Permanent Fund Dividend worth $3,284 will be issued in Alaska on June 15. In this article, read and find out who qualifies for the payments!
The residents of Alaska who were classified as “eligible-not paid” last June 7 are expected to receive their Permanent Fund Dividend payments on June 15. Reportedly, the amount will be worth $3,284 and is a portion of the state’s revenues in oil and gas this year.According to Johnson, some residents are still listed as “eligible-not paid” despite most having already received their Permanent Fund Dividend checks. Furthermore, there is still another group who are expected to receive their payments in July.
Unfortunately, of the $3,284 in Permanent Fund Dividend payments, $2,662 is considered taxable income. However, the remaining $662 which is considered an energy relief will not be taxed.
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Who will qualify for the Permanent Fund Dividend?
According to LaPonsie, to be able to qualify for the Permanent Fund Dividend, an individual must be a resident of Alaska for the whole year that the payments are issued for. In addition, apart from filing state income taxes, an individual must also fill out an application before the annual deadline every March 31.
Unfortunately, the Permanent Fund Dividend is not yet confirmed in Alaska. Nonetheless, the state’s legislature approved a budget that included payments worth $1,300. This means that the payments for this year are still needed to be authorized by Governor Mike Dunleavy.
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