A fresh wave of financial relief is making its way to Alaska residents through the 2024 Permanent Fund Dividend (PFD), with $1,702 checks being deposited into bank accounts across the state. This year’s payout is one of the highest in recent years, offering much-needed support to about 600,000 residents. Divided into three scheduled payment groups, the PFD also includes an energy relief component to offset rising utility costs.
Let’s break down the details — from eligibility rules to payment dates — so you know what to expect.
What’s Included in the $1,702 Payment?
The 2024 PFD payment totals $1,702 per eligible resident, made up of two parts:
Component | Amount | Description |
---|---|---|
Regular Dividend | $1,403.83 | Annual distribution from Alaska’s oil revenue fund |
Energy Relief Payment | $298.17 | Additional support to help offset energy costs |
Total | $1,702.00 |
This year’s total represents a 30% increase over the 2023 PFD of $1,312. However, it still falls short of the 2022 peak payout of $3,284.
Who Qualifies for the 2024 Alaska PFD?
Eligibility for the PFD requires strict adherence to several residency and legal standards. To receive the 2024 payment, residents must:
- Have lived in Alaska for the full 2023 calendar year
- Intend to remain a resident with no plans to leave
- Have been physically present in Alaska for at least 72 consecutive hours in the past 24 months
- Have no felony convictions or disqualifying criminal activity in the prior year
- Have submitted a completed application by the March 31, 2024 deadline
Applications could be submitted online or by mail. Applicants can track their status through the state portal — if it reads “Eligible-Not Paid,” payment is on the way.
Confirmed Payment Dates for 3 Resident Groups
The Alaska Department of Revenue has released three scheduled PFD payment dates based on eligibility status updates. If your status is marked as “Eligible-Not Paid” by the date listed for your group, here’s when you can expect to receive your funds:
Group | Eligibility Status Date | Payment Date | Amount |
---|---|---|---|
Group 1 | June 11, 2025 | June 18, 2025 | $1,702 |
Group 2 | July 9, 2025 | July 17, 2025 | $1,702 |
Group 3 | August 13, 2025 | August 21, 2025 | $1,702 |
Residents should monitor their status closely to determine their expected payment window.
Why the PFD Matters
Now in its 43rd year, the PFD is a cornerstone of Alaska’s effort to share its oil wealth with residents. The payment plays a crucial role in helping households manage inflation and living costs, particularly in a state where utility and fuel expenses tend to run higher than the national average.
While most eligible Alaskans will receive the $1,702 payment, it’s worth noting that some individuals — particularly those with disqualifying criminal records or incomplete applications — will be excluded. Understanding the criteria and staying compliant ensures continued eligibility.
As energy costs remain a concern for many Alaskan families, the inclusion of the nearly $300 energy relief payment this year demonstrates the state’s recognition of real-world financial pressures.
The Alaska Department of Revenue continues to provide updates, and residents are encouraged to check their status and official announcements for any changes in payment schedules or eligibility rules.
FAQs
What does “Eligible-Not Paid” mean?
This status means your application was approved, and you’re scheduled to receive your payment soon — depending on the payout schedule.
What happens if I missed the March 31 application deadline?
You will not be eligible for the 2024 PFD. You’ll need to apply for the next year’s dividend when applications open.
Can someone be disqualified after applying?
Yes. Criminal convictions or residency violations can result in disqualification even after applying.