Alaska Clauses Relating to Dividends, Distributions
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FAQ
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.
Thursday, September 21, 2023 (Juneau, AK) ? Today the Department of Revenue announced the calculation of the 2023 Permanent Fund Dividend (PFD) as $1,312. The amount allocated for the dividend has been determined each year since 2016 by the Alaska Legislature.
Permanent Fund Dividends per Alaskan are set to be $1,304 in fiscal 2024. The fiscal 2024 budget prioritizes investments in public safety, public education, and economic development.
Adjusted for inflation. The 2023 Permanent Fund dividend will be $1,312, the Alaska Department of Revenue said Thursday. The annual payments to Alaskans will be disbursed beginning Oct. 5 and continue in the following weeks, the department said.
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.
Thursday, September 21, 2023 (Juneau, AK) ? Today the Department of Revenue announced the calculation of the 2023 Permanent Fund Dividend (PFD) as $1,312. The amount allocated for the dividend has been determined each year since 2016 by the Alaska Legislature.
The State of Alaska funds the payment with interest on oil revenue earned by the State. Individuals are eligible to receive the payment if they reside in the State of Alaska for the entire year prior to applying for the Permanent Fund Dividend (PFD).
Residents have received the check known as the Permanent Fund Dividend since 1982, roughly six years after voters in the early days of oil development in Alaska created the nest-egg Permanent Fund to preserve some of the oil wealth for future generations.
