Alaska residents can apply for $1,702 stimulus checks

Alaska residents are set to receive a special bonus known as the Permanent Fund Dividend (PFD). This payment is part of a program that rewards those who have lived in the state for a certain amount of time. The PFD is funded by the state’s oil revenues, and eligible residents can receive $1,702. The application period for the PFD began on January 1 and runs until March 31. Residents must apply before the deadline to receive their funds. Those who applied between February 12 and March 12 will see their payments deposited by the end of this week. To qualify for this dividend, applicants must have lived in Alaska for at least one year before applying. This means they need to have been residents throughout 2024. They also cannot claim residency in another state or country during that time. Additionally, individuals with felony convictions in the past year or those who have been incarcerated for any conviction are not eligible. Other requirements include spending at least 72 hours in Alaska each year in the past two years and not exceeding 180 days outside the state. The PFD aims to encourage residents to remain in Alaska and supports the local economy and community spirit.