Missed the PFD Deadline? Here’s What You Need to Know About the $1,702 Payment!

If you live in Alaska you might be watching your bank account this May for that annual payment the Permanent Fund Dividend PFD This year the payout is per person Let s walk through what this check is all about who qualifies and when the payments are going out What Is the PFD The Permanent Fund Dividend has been around for decades It s Alaska s way of sharing the state s oil revenue with its residents Each year a portion of the money earned from oil is set aside and certain of that gets distributed to Alaskans as a way to help out financially This year the payout is This amount is made up of A base PFD An potency relief supplement to help with rising potential costs Who Qualifies for the PFD To be eligible for this year s PFD you need to meet a limited requirements You had to live in Alaska for the entire year of You need to plan on staying in Alaska for the long haul You couldn t claim residency in another state or country during that time You shouldn t have been incarcerated for any felony offenses in If you were out of Alaska for more than days your absence had to be for a valid reason like military duty or schooling You had to be physically present in Alaska for at least hours during or Basically if you ve been a full-time Alaska resident and haven t broken any of these rules you re perhaps good to go When Will the Payments Be Sent Out Here s the payment schedule for March If you re eligible but haven t received payment by March you ll get your check April For anyone who was approved by April but hasn t received payment yet May Payments go out for those approved by May June If your status is approved by June your payment will be sent Payments are made either through direct deposit or by paper check depending on what you selected when you applied How to Check Your Payment Status If you re wondering when your payment will arrive or if you re still waiting you can easily check your status online Exclusively visit the official PFD website and log in to the myPFD portal to see your current status and get updates on your payment What If You Missed the Deadline If you didn t submit your application by the March deadline you won t be eligible for this year s payout Unfortunately the PFD is strict about its annual application window so there s no room for late applications However you can set a reminder for next year to make sure you apply on time Getting just for being a resident of Alaska is a pretty unique benefit The PFD isn t just a bonus it s a way for Alaska to give back to its people and help offset the high costs of living especially in more rural areas