The government of Alaska gives away some of the funds generated from oil and minerals in the form of a permanent fund dividend. This $1702 PFD Stimulus Check 2024 is designed to share the state’s revenue as financial help for its low-income individuals.
However, the exact amount of these stimulus checks may vary as of the year 2024. Right now, the PFD amount is predicted at $1,702 for low-income families in Alaska. By May 2024, the PFD amount was announced at $3,200. The exact amount of PFD benefits will be announced soon before its official release.
The amount of PFD doesn’t change very frequently, yet the change in amount relies on various factors. The budget of the permanent funds depends upon the yearly revenue generated by the state from the oil and mineral sector of the state. After adjustments according to the above factors, the US government decided on the final amount of PFD.
$1702 PFD Stimulus Check Eligibility Criteria 2024
- Know about the $1702 PFD Stimulus Check Eligibility Criteria 2024 through these points.
- The PFD payments are available only to citizens of the US.
- Residents of Alaska with permanent visas are eligible for the one-time payments under the PFD.
- All PFD applicants must have lived in Alaska for one year before applying in 2024.
- Those who were not available in the state during the last year before applying for 2024 for valid reasons are also eligible for the PFD.
- The applicant should be low on income and any other sources of salary and must have issued their yearly taxes.
$1702 PFD Stimulus Check 2024
Those who want to qualify for the $1702 PFD Stimulus Check 2024 need to qualify under the established eligibility criteria. According to the requirements, the citizens need to be legal citizens of the US and residents of Alaska.
All the PFD applicants must have lived in Alaska for over a year before they start applying for the program. Those who have been absent from the state without any valid reason shall face cancellation of their PFD benefits. Those who missed the deadline for the PFD can apply when the next payments arrive.
