Stimulus checks have proven to be one of the fastest and most direct ways for governments to help people financially, especially during times of economic uncertainty. While the last round of federal stimulus payments was distributed back in 2021, some states are continuing to support their residents through their own programs. Alaska is one such state, and this year, eligible Alaskans will receive nearly $1,800 as part of its long-running dividend program.
Federal
During the COVID-19 pandemic, the federal government used stimulus checks to provide relief when people needed it the most. From March 2020 to March 2021, the Biden administration issued three Economic Impact Payments (EIPs), giving Americans some much-needed breathing room during a time of job loss, business closures, and financial stress. The final federal stimulus payment, which was worth $1,400, could still be claimed on your taxes as recently as this past season—if you hadn’t claimed it earlier.
However, since then, the federal government has not announced any new stimulus checks. Instead, states have stepped in to fill the gap with their own localized programs. Alaska, in particular, has been consistent in giving back to its residents through a unique initiative tied to the state’s natural resources.
Alaska
If you live in Alaska, you may already know about the Permanent Fund Dividend (PFD). But if not, here’s the scoop: every year, Alaska pays eligible residents a portion of the state’s oil and mineral revenue. This year’s payout is set at $1,702, marking a 30 percent increase from last year. That’s not a typo—nearly $1,800 just for being a qualified resident.
This program is managed by the Alaska Permanent Fund Corporation and is distributed annually. In 2024, payments started in June and will continue through August.
Eligibility
To qualify for the 2024 PFD, residents must meet several criteria as listed by the Alaska Department of Revenue. These include:
- Being a current Alaska resident
- Having lived in the state for at least 12 months with no intent to leave
- Spending at least 72 continuous hours in the state in the past two years if currently outside Alaska
- Not having been incarcerated for a felony within the past year
- If previously convicted of a felony or two misdemeanors since 1997, no new misdemeanors in the last 12 months
So, the rules are strict, but they’re designed to ensure the payment goes to long-term, law-abiding residents.
Timeline
If you applied by March 31, 2024, and your application status is “Eligible-Not-Paid,” your payout is scheduled based on the following dates:
| Application Status As Of | Payment Date |
|---|---|
| June 11, 2024 | June 18, 2024 |
| July 9, 2024 | July 17, 2024 |
| August 13, 2024 | August 21, 2024 |
Two-thirds of applicants have already received their money. The rest can expect it soon. If you’re unsure about your application status, you can check it by visiting the Alaska Permanent Fund website.
Impact
The Alaska PFD is one of the few examples in the U.S. of a government directly sharing natural resource profits with residents. Though Alaska’s small population of around 600,000 makes it easier to fund this type of program, it serves as a powerful reminder of what’s possible when states reinvest in their people.
As inflation and living costs continue to rise across the country, these types of payments go a long way in helping people afford necessities. It’s not just about getting a check—it’s about creating stability, trust, and a sense of shared prosperity.
FAQs
How much is the Alaska 2024 PFD?
The payment is $1,702 per eligible resident.
Who qualifies for the PFD?
Alaska residents who meet strict residency and legal criteria.
When are PFD payments issued?
In June, July, and August 2024 based on application status.
Is the PFD a new stimulus program?
No, it’s a long-standing Alaska state initiative.
Where can I check my payment status?
Visit the Alaska Permanent Fund Dividend website.
