Alaskans have two significant payment dates to look forward to in October 2024. While these payments are not related to stimulus checks, they will still provide a financial boost for eligible residents through the Permanent Fund Dividend (PFD) program.
The Alaska Department of Revenue has updated the disbursement schedule, and here’s what you need to know about the upcoming payments.
The Permanent Fund Dividend (PFD) Program
The PFD is an annual payment made to Alaskans from the earnings of the state’s oil wealth, distributed through the Permanent Fund. The PFD serves as a basic income program, offering financial support to all eligible residents.
While some citizens are still receiving their 2023 PFD payments, the focus has now shifted to the 2024 distribution.
October 3rd: First PFD Payment Date
The first wave of 2024 PFD payments is scheduled for October 3, 2024. To qualify for this payment, you must meet the following criteria:
- Eligibility: You must be a confirmed eligible applicant.
- Online Filing: You should have filed your PFD application online.
- Direct Deposit: You must have opted for direct deposit as your payment method.
Opting for direct deposit is the fastest way to receive your PFD payment. Those who have met these requirements can expect their money to be deposited directly into their accounts on October 3.
October 24th: Second PFD Payment Date
If you miss out on the October 3rd payment, don’t worry—there’s a second payment date later in the month. The Alaska Department of Revenue has scheduled the next round of PFD payments for October 24, 2024. This payment date is for those who:
- Eligibility: Are eligible but did not receive the October 3rd payment.
- Paper Filing: Filed their PFD application by paper.
- Paper Check: Chose to receive their payment via a paper check instead of direct deposit.
If you checked your payment status on September 20 and it did not indicate “Eligible-Not Paid,” you should recheck it on October 14 to confirm whether you’ll receive the payment on October 24.
Key Dates for the 2025 PFD Application
Looking ahead, Alaskans can start applying for the 2025 PFD on January 1, 2025. The application window will remain open until March 31, 2025.
It’s advisable to apply early and opt for direct deposit to ensure faster payment processing.
Why You Might Not Receive Your PFD on Time
Some Alaskans may experience delays in receiving their PFD payments. Common reasons for these delays include incomplete applications, issues with eligibility verification, or opting for paper checks, which take longer to process and mail.
To avoid delays, make sure your application is complete and accurate, and consider opting for direct deposit.
For those unsure of their payment status, the Alaska Department of Revenue provides an online portal where you can check your status. Visit the official website to stay updated on your PFD disbursement.
October 2024 brings two key PFD payment dates for Alaskans. Whether you filed online and chose direct deposit or submitted a paper application, there’s a payment schedule that accommodates your situation.
As always, staying informed and opting for the most efficient payment methods will help ensure you receive your PFD promptly.
FAQs
What is the first 2024 PFD payment date?
October 3, 2024, for online filers with direct deposit.
Who qualifies for the second PFD payment date?
Eligible applicants who filed by paper or chose paper checks.
When can Alaskans apply for the 2025 PFD?
Applications open on January 1, 2025.
Why might there be delays in receiving PFD payments?
Delays can occur due to incomplete applications or paper check processing.
How can I check my PFD payment status?
Check your status on the official Alaska Department of Revenue website.
