Key Highlights of the Article
Overview of $1300 New Stimulus Checks 2024:
- Payment Distribution: $1300 stimulus checks will be credited to Alaskan residents’ bank accounts in June 2024.
- Eligibility: Residents who have applied for the Permanent Fund Dividend (PFD) will receive the payment.
- Purpose: To alleviate financial burdens caused by COVID-19 and daily price hikes.
Alaska Permanent Fund Dividend (PFD):
- Establishment: Introduced in 1976 to distribute revenue from oil and mining to Alaskan citizens.
- Fund Amount: As of 2024, the fund totals $54 billion, with revenue from oil and mining approximating $64 billion.
- Beneficiaries: About 1600 eligible residents receive financial aid through this program.
Eligibility Criteria for $1300 Stimulus Checks 2024:
- Citizenship: Permanent residents of Alaska who reside in the state for the entire tax year.
- Application Deadline: The application window for 2025 opens on January 1, 2025; the previous deadline was March 31.
- Criminal Record: Individuals with criminal records or those who have moved abroad are ineligible.
- Income Limits:
- Married couples filing jointly with a gross income limit of $150,000 receive a $520 rebate.
- Individuals with a gross income limit of $750,000 receive a $260 rebate.
- Dependents: $260 per dependent, up to $1300 for five or more dependents.
Payment Dates:
- Payments for “Eligible Not Paid” status as of May 8, 2024, were sent on May 16, 2024.
- Payments for “Eligible Not Paid” status as of June 12, 2024, will be sent on June 20, 2024.
- Payments for “Eligible Not Paid” status as of July 10, 2024, will be sent on July 18, 2024.
Facts and Updates:
- The payment amount is determined after reviewing daily expenses and cost of living adjustments (COLA).
- The $1300 stimulus check is expected to benefit a few eligible beneficiaries.
- Residents must ensure their bank account information is accurate and updated on the official website to receive payments on time.
Additional Information:
- Residents will receive the state’s oil earnings along with the stimulus check.
- Millions of Alaskans below the poverty line are eagerly awaiting this payment.
- For more details, visit the official website: https://pfd.alaska.gov/.
Hey! Are you staying in the Alaska State? Hurry up and check your bank account now. The $1300 New Stimulus Checks July 2024 will be credited soon into your bank account. If you have applied for the PFD or $1300 Permanent Fund Dividend, you will receive the payment soon. The Alaska Department of Revenue will distribute the new stimulus checks of PFD in July 2024.
Residents are facing a lot of financial problems after the COVID-19 pandemic. Also due to the daily price hike, they become unable to pay the family expenses. To reduce the financial burden the Alaska Department of Revenue started the Permanent Fund Dividend. The application process for PFD payment 2025 will be started soon. Those who have not applied can apply online or from local centers offline.
$1300 New Stimulus Checks 2024:
What is Alaska Permanent Fund Dividend?
In the year 1976, the Alaska government introduced the Alaska Permanent Fund. Primarily the government earned a large number of revenue to provide funds for mining oils, infrastructures, real estates etc. Thus the fund was distributed among the needy citizens of the state. According to the resources, in the year 1982, the government provided the first $1000 stimulus checks to the citizens. Then in the year 1983, the government elected the six members to manage the economy of the Alaska state. In 2024, the total amount of the fund is $54 billion.
From oil and mining the state earns the revenue of approximately $64 billion. The government will use this large amount to help the low income families of the state. According to the survey, approx $1600 eligible residents are getting financial help through this program. The $1300 stimulus check payment is approved by the government. Soon the payment will be distributed among the qualified residents.
Overview of $1300 Stimulus Check
The U.S. government provides various stimulus checks payments or financial programs for its residents. Those who are suffering from financial crises, blindness problems, and disability problems will get various financial supports from the government. So, the Alaska Revenue Department comes across to help financially unstable citizens. People are unable to pay their electric bills, health care bills, house bill etc. The main objective of this scheme is to make Alaskans financially stable. If you are not involved with any crime you will get this financial benefit.
| Program name | $1300 New Stimulus Checks 2024 |
| Country | U.S. |
| State | Alaska |
| Authority | Department of Revenue, Alaska |
| Amount | $1300 |
| Payment date | July 2024 |
| Category | Finance |
| Official website | https://pfd.alaska.gov/ |
Eligibility Criteria for $1300 Stimulus Checks 2024:
If you want to get the benefit of the Permanent Fund Dividend, you should meet the eligible requirements. Let’s have a look;
Citizenship:
- To get this financial benefit you should have a permanent citizenship of Alaska. Your application will be rejected if you don’t reside in Alaska for the whole tax year.
Application deadline:
- If you have not applied for the $1300 stimulus check, then you have to wait for the opening of the application window. It will be opened on 1st January 2025. The previous deadline was 31st March.
Other requirements:
- If you have done any crime or have been jailed for a long time, your application will be rejected.
- If you have moved abroad, then you are not eligible to get $1300 new stimulus PFD deposit 2024.
Income:
Married couple
- For the married couple who have filed jointly the gross income limit is $150,000. They will get a gross income rebate is $520
Individual:
- The gross income limit should be the eligible individuals are $750,000. They will get the $260 rebate.
Dependents:
- If you have three dependents then you will receive $260 for each dependent. It is important to show dependents on your tax return.
- You will get a $1300 tax rebate for the five or more dependents of the family.
Updates of $1300 Stimulus Check Payment 2024:
The main goal of the $1300 stimulus checks payment is to decrease the economic problem. The Alaska Department of Revenue provides an increased amount of PFD to the citizens. This new stimulus payment will be distributed to the citizens soon. Apart from that, residents of Alaska will receive the state’s oil earnings along with this stimulus check. The additional amount will be essential for every citizen. Residents should be careful with each stimulus payment. Make sure that your bank account is accurate and updated on the official website. Otherwise, you cannot receive the payment on time.
Payment Date of $1300 Stimulus Check 2024:
| Year | Status | Payment date 2024 |
| 2023 Dividend applications | ‘Eligible Not Paid’ status as of May 8 2024 | Sent out on 16th May 2024 |
| 2023 Dividend applications | ‘Eligible Not Paid’ status as of June 12 2024 | Sent out on 20th June 2024 |
| 2023 Dividend applications | ‘Eligible Not Paid’ status as of July 10 2024 | Sent out on 18th July 2024 |
Facts Check of $1300 Stimulus Check Payment 2024:
- The Department of Fund Dividend of Alaska calculates the stimulus check payments after reviewing many concerns. They set the payment amount after reviewing the daily expenses and cost of living adjustments (COLA). After gathering all the information they have decided the amount of stimulus check payment. The government helps its citizens by providing financial help through their earned revenue. The government provides the rebate to the individual as well as married couples. The citizens should pay the due taxes on time. So that they will get the rebate on time.
- According to the news, the $1300 stimulus check payment 2024 is expected to come for a few eligible beneficiaries. If you want to get more information then visit the official website https://pfd.alaska.gov/.
- Millions of people come from below the poverty line in Alaska. So, they are eagerly waiting for the payment. The $1300 new stimulus checks payment July will be coming soon. The date is not announced yet. If you have applied for the stimulus payment from the local centers then you will also receive the payment into the bank account.