Alaska residents will get a direct payment from the 2023 Permanent Fund Dividend. All citizens of this state who meet the requirements will receive a single payment of $1,312 dollars in just 11 days, on November 16.
This would be the third payment made of the 2023 Permanent Fund Dividend, as reported by the state Department of Revenue. The other two were delivered on October 5 and 18.
To be eligible, you must be a resident of Alaska and intend to remain in the state long-term, and not have been convicted of a felony.
Likewise, on your taxes you should not claim residency in another state during the year in question.
If you meet these requirements, you will be able to receive payment.
Alaska Department of Revenue Commissioner Adam Crum expressed his gratitude to the Permanent Fund Dividend Division for its dedication in administering the program and processing applications.
According to Crum, more than 8,000 additional applications have been processed this year compared to last year, demonstrating growing interest in the program.
Permanent Fund Dividend payments are calculated based on the income obtained in the year from the state’s mines.
The payments are intended to benefit both current and future generations.
This payment is expected inject almost $1,000 million of dollars into the state economy, giving a direct financial boost to Alaska residents.
· Largest COLA increases in Social Security checks since 1975
· People over 62 years of age will receive their first Social Security payment of $1,841 in November
· Arrival date of Social Security checks with new COLA increase will depend on your birthday