PFDs will start going out to Alaskans on Sept. 20, says governor's office (2023)

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(Video) 1/6 - Alaska governors discuss the PFD

Eric Stone, KRBD - Ketchikan

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(Video) PFD Announcement

PFDs will start going out to Alaskans on Sept. 20, says governor's office (1)

This year’s Alaska Permanent Fund dividends will start hitting bank accounts on Sept. 20, Gov. Mike Dunleavy announced on Friday.

Payments to those who submitted paper applications or requested paper checks are set to go out about two weeks later, starting the week of Oct. 3.

(Video) Alaska Governor Dunleavy on Permanent Fund Dividend, Recall Effort

This year’s $3,200-per-person payout includes a $650 payment meant to offset high energy costs.

PFDs are scheduled to arrive a few weeks earlier than usual. Last year, PFDs went out in mid-October. The oil-wealth checks were expedited in 2020 and distributed July 1 because of the economic impact of the pandemic. In 2017, 2018 and 2019, the payments went out during the first few days of October.

PFDs will start going out to Alaskans on Sept. 20, says governor's office (2)

Eric Stone, KRBD - Ketchikan
(Video) The Governor's Permanent Fiscal Plan | Alaska Insight
(Video) 2023 Alaska Governor's State of the State Address
(Video) Governor Dunleavy 2020 State of the State Address

FAQs

Is Alaska getting a PFD this year? ›

The 2023 PFD filing season is now open. The online PFD application will be available until 11:59 PM on March 31, 2023.

What's happening with the Alaska PFD? ›

ANCHORAGE, Alaska (KTUU) - Part of the 2022 Permanent Fund Dividend check will not need to be included in Alaska residents' taxes, according to the Internal Revenue Service. The IRS issued a statement Feb. 10 clarifying details on special payments made by 21 states last year, including Alaska's annual PFD checks.

How many days do you have to be in Alaska for PFD? ›

72-Hour Rule

All persons claiming allowable absences must be physically present in Alaska for at least 72 consecutive hours at some time during the two prior years to the current dividend year.

When were PFDs mailed out? ›

With the exception of 2020—when payments were moved up to July because of the Covid-19 pandemic—PFDs are typically distributed in early to mid-October. However, payments to residents began on September 20 this year.

How much will PFD be in 2023? ›

How much will the 2023 PFD be? Dunleavy released his Fiscal Year 2024 (FY24) budget December 15th, 2022, which includes a full statutory PFD payment based on the 1982 formula that has been ignored since 2016. In a press release, the Governor estimated this would equate to a roughly $3,800 2023 PFD.

How much is the current Alaska dividend? ›

The $3,200 payout is expected to cost $2.1 billion and is the largest component of a budget that also pays for services and construction projects from July 1 this year through June 30, 2023.

Do felons get Alaska PFD? ›

You also must not have been sentenced or incarcerated as part of a felony conviction in the previous year. Or have been incarcerated during the previous year on a misdemeanor conviction if you've been convicted of a prior felony or two or more prior misdemeanors since January 1, 1997.

Do Alaskans pay taxes on PFD? ›

Is a Permanent Fund Dividend or a Resource Rebate payment received by a resident of Alaska taxable? Alaska Permanent Fund Dividends and Resource Rebate payments are taxable to either an adult or a child recipient and must be reported on a federal income tax return.

What is the Alaska PFD invested in? ›

The Alaska Permanent Fund was created by the people of Alaska in 1976 as a way to save a portion of the state's oil revenues for the needs of future generations. It uses oil royalties to make investments in bonds, stocks, real estate, infrastructure, and private entities.

How many months do you have to live in Alaska to be a resident? ›

415(a): "resident" means a person (including an alien) who is physically present in Alaska with the intent to remain indefinitely and make a home here, has maintained that person's domicile in Alaska for the 12 consecutive months immediately preceding this application for a license, and is not claiming residency or ...

When to apply for Alaska PFD 2023? ›

The Permanent Fund Dividend application season is January 1st through March 31st each year.

How much do you get for living in Alaska? ›

Alaska. The state of Alaska offers most residents a Permanent Fund Dividend (PFD) payment every fall. In 2022, the payment also included an energy relief payment, which brought the total amount to $3,284. The payment for 2021 was a more modest $1,114.

Why didn't I receive my PFD? ›

If the Division is unable to locate a timely filed application, you will not receive a PFD unless you provide proof of filing an application by the March 31st deadline. Keep your proof of filing in your records.

Can you file for PFD late? ›

If you Forgot to File…

When you turn 18, you can go back and file for any of the PFD's that you missed as a child. If you did not file because you were deployed oversees in the military to a hostile fire area you can go back and apply for any missed PFD's during that period.

How much do Alaskans get paid for oil? ›

Officials in Alaska recently announced that residents will each receive $3,284 from the state's Permanent Fund Dividend. The fund is paid for by the state's oil producers. The fund is open to those who were considered Alaska residents for all of 2021 and who intend to remain in Alaska.

How much was the first Alaska PFD? ›

The first dividend amount was $1,000. The first dividend checks were distributed June 14, 1982.

Why do Alaskans receive annual dividends? ›

The Alaska Permanent Fund is an investment fund that invests capital that originates from surplus revenue obtained from Alaska's oil and gas reserves. The fund, which is a sovereign wealth fund, pays out annual dividends to every eligible citizen of Alaska.

How much will my dividend payment be? ›

Dividing the stock's annual dividend amount by its current share price allows you to calculate a stock's dividend yield. For example, if a stock is trading at $50 per share, and the company pays a quarterly dividend of 20 cents per share. That company's dividend would be 80 cents.

How much will my dividend check be? ›

Find out how much dividends per share the company pays annually. Divide such an amount by the stock price. Multiply it by 100. There – you have your dividend yield in percent.

What is the highest dividend ever paid? ›

Apple's dividend is the largest new dividend ever paid by a company, beating the $1.3 billion record previously set by Cisco Systems, says S&P Capital IQ. Apple's dividend further extends the record dividends being paid by S&P 500 companies this year.

Can a felon get gun rights back in Alaska? ›

Firearms. A person with a felony conviction (or juvenile equivalent) may not possess a concealable weapon for 10 years following discharge (privilege is lost permanently if offense is one against the person), unless conviction set aside or pardoned. Alaska Stat. §11.61.

Can felons own guns in Alaska? ›

According to Federal law, the citizens of Alaska are not allowed to purchase or possess guns if they have been pronounced guilty of any kind of felony, domestic violence or misdemeanor.

How much is a felony in Alaska? ›

Alaska Laws and Penalties
OffensePenaltyMax. Fine
1 - 4 oz in your residence*Not classified$ 0
1 - less than 4 ozMisdemeanor$ 10,000
4 oz or moreFelony$ 50,000
Any amount within 500 feet of school grounds or rec. center**Felony$ 50,000
26 more rows
Jan 27, 2023

How much money do Alaskans get a month? ›

Alaska's incentive program dates back to 1976, and it's called the Permanent Fund Dividend. How much do you get paid to live in Alaska, though? In the past, citizens have qualified for up to $1,600 for simply living in Alaska, and in 2021 the amount was $1,114.

How much taxes do Alaskans pay? ›

Alaska does not have an individual income tax. Alaska has a 2.0 to 9.40 percent corporate income tax rate. Alaska does not have a state sales tax, but has a max local sales tax rate of 7.50 percent and an average combined state and local sales tax rate of 1.76 percent.

Do Native Alaskans pay property taxes? ›

Yes. They pay the same taxes as other citizens with the following exceptions: Federal income taxes are not levied on income from trust lands held for them by the U.S.

How much is the Alaska Permanent Fund worth today? ›

2021 – The Fund now has over $70 billion in assets under management spread across a sophisticated asset allocation.

Is the PFD earned income? ›

Each year, the Internal Revenue Service establishes a threshold for unearned income received by a minor child; if your child's unearned income exceeds the threshold, she is required to file a tax return. The PFD is considered unearned income, as it is derived from interest and dividends instead of employment.

Do you get money for being born in Alaska? ›

Since 1982, the Alaska Permanent Fund, a state-owned investment fund established using oil revenues, has paid out an annual dividend to every man, woman, and child living in Alaska, no strings attached.

Can I move to Alaska without a job? ›

We do not recommend moving out of state alone, especially to Alaska, without having a job lined up. There are a lot of job opportunities available, but unless you have unlimited funds, having secure employment in place is a must before you make the move to Alaska.

Can you be a resident of two states? ›

Legally, you can have multiple residences in multiple states, but only one domicile. You must be physically in the same state as your domicile most of the year, and able to prove the domicile is your principal residence, “true home” or “place you return to.”

What is the cheapest place to live in Alaska? ›

Here Are The Cheapest Places to Live in Alaska
  • Juneau: Alaska's Capital City. ...
  • Kenai: A Picture-Perfect Fishing Village. ...
  • King Cove: A Nature Lovers' Paradise. ...
  • North Pole Revisited. ...
  • Palmer. ...
  • Can I afford to live in Alaska? ...
  • Be Prepared to Negotiate. ...
  • Find a Realtor to Help You Buy a Home.
Sep 21, 2022

How much is a loaf of bread in Alaska? ›

The Cost of Living in Alaska
ItemCost in SeattleCost in Nome
Apples$1.69 / lb.$5.99 / lb.
Tomatoes$1.79 / lb.$5.49 / lb.
Large bread loaf$1.25$2.59
12 large eggs$2.29$3.79
4 more rows
Apr 4, 2016

Will my PFD be garnished? ›

CSSD can garnish up to 100% of the PFD, if the paying parent owes the same amount or more. 4. Who gets the PFD money CSSD collects? If the custodial parent was never on public assistance and arrears are owed in the case, the PFD funds will go to the custodial parent.

Do you have to pay the PFD back? ›

If you claim residency and ask for the PFD, and then later choose not to return, know that the state of Alaska may come after you to repay all PFD proceeds you and your family members received. You may also be fined $5,000, and you may face criminal prosecution.

Does every person in Alaska get a check? ›

The Permanent Fund Dividend (PFD) is a dividend paid to Alaska residents that have lived within the state for a full calendar year (January 1 – December 31), and intend to remain an Alaska resident indefinitely.

How much do oil rig workers make in Alaska? ›

The average salary for a oil field worker in Alaska is $85,000 per year. Oil field worker salaries in Alaska can vary between $48,000 to $169,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.

What generates the most jobs for Alaskans? ›

Manufacturing is limited, with most food and general goods imported from elsewhere. Employment is primarily in government and industries such as natural resource extraction, shipping, and transportation.

Who gets Alaska Permanent Fund? ›

To be eligible for a PFD, you must have been an Alaska resident for the entire calendar year preceding the date you apply for a dividend and intend to remain an Alaska resident indefinitely at the time you apply for a dividend. There are other criteria for eligibility under Alaska Statute 43.23. 005 and AS 43.23. 008.

How much does the government pay to live in Alaska? ›

The state of Alaska offers most residents a Permanent Fund Dividend (PFD) payment every fall. In 2022, the payment also included an energy relief payment, which brought the total amount to $3,284. The payment for 2021 was a more modest $1,114.

Does everyone in Alaska get a check? ›

Yes – As long as you meet the eligibility requirements for Alaska's Permanent Fund Dividend (PFD). Payments are issued starting in June each year to every Alaska resident who qualifies. If you're moving to Alaska and want to learn more, we'll show you exactly how it works.

How much does Alaska give each citizen? ›

Most people living in Alaska get the Alaska Permanent Fund Dividend, which is just over $1,500 in free money per year. This practice started in 1982 when the Alaska Permanent Fund Foundation split its funds from the Alaskan oils into funds that couldn't be touched and an energy reserve.

How much do Alaska residents get paid for oil? ›

Officials in Alaska recently announced that residents will each receive $3,284 from the state's Permanent Fund Dividend. The fund is paid for by the state's oil producers. The fund is open to those who were considered Alaska residents for all of 2021 and who intend to remain in Alaska.

How long do you have to live in Alaska to be a resident? ›

415(a): "resident" means a person (including an alien) who is physically present in Alaska with the intent to remain indefinitely and make a home here, has maintained that person's domicile in Alaska for the 12 consecutive months immediately preceding this application for a license, and is not claiming residency or ...

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