Alaska Residents To Receive Up To $3,284 PFD Payment

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Alaska residents will receive a payment of up to $3,284 Permanent Fund Dividend (PFD).

Permanent Fund Dividend (PFD) payment
Alaska residents will receive up to $3,284 Permanent Fund Dividend (PFD) payment. (Photo: KTOO)

Alaska Residents Will Receive Annual PFD Payment

Alaska residents expect to receive a portion of $3,284 in direct payments through the PFD program, a shared tax revenue program gathered from oil extraction in Alaska.

According to The U.S. Sun, this year’s PFD payment will be larger than the payments from the previous years due to the additional benefits for eligible Alaska residents.

However, some portion of the PFD payment to be received by the Alaska residents will be counted as taxable income, wherein $662 will be considered energy relief and nontaxable, while the remaining $2,622 of the direct payments will be income and taxable.

READ ALSO: Social Security Change: Millions Of People Receive Direct Payments Of Up To $4,555 In A Single Day

Alaska Residents Will Receive $3,284 PFD Payments Until May 2023

The eligible recipients who applied on March 31, 2022 are required to be Alaska residents and not have been charged with any offense or imprisoned during the entire year 2022 to receive the PFD payments this year.

On the other hand, the Alaska residents who will have the status of “eligible-not-paid” on April 12 can expect their PFD payments on, before, or after April 20 and other applicants who were late to apply will receive the payment until May 18.

READ ALSO: TurboTax Settlement: Customers To Receive $141 Million Payments In May

 

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