The Alaska Permanent Fund Dividend (PFD) is distributed annually to Alaskan citizens. The State of Alaska uses interest from its oil income to make the stimulus payment.
The Permanent Fund Dividend payment is available to anyone who has resided in the State of Alaska for the whole year before submitting their application. Thus, residents are getting ready to receive their stimulus payment, which is the yearly transfer of income created from their natural resources, as the third month of the year is well underway.
The Alaska Permanent Fund was established in 1976 to administer the state’s oil revenues through the Alaska Permanent Fund Corporation and distribute them to the people of the state, who then utilize the money to help pay for necessities like housing, food, and healthcare.
The PFD stimulus payment worth $1,700 was confirmed for this month
To ensure that Alaskans directly benefit financially from the state’s oil and gas profits, the PFD distributes a portion of natural resource revenues. The budget, which serves as a consistent yearly income stream for eligible people, is managed by the Alaska Permanent Fund Corporation.
Every year between January 1 and March 31, applications for the PFD must be submitted online or by mail for each member of the family. About 600,000 Alaskans are eligible for the help, which has increased to $1,702 for the current year.
According to the PFD website, dividend applications for 2024 (and previous years) that were in “Eligible-Unpaid” status on March 12, 2025, will be paid out on March 20, 2025.
To qualify, you have to be a registered resident of Alaska, have lived there for at least a year, and have no immediate plans to leave the state.
In addition to not having been jailed for a felony within the last 12 months or for a misdemeanor if they have been convicted of a felony or two misdemeanors since January 1, 1997, interested applicants must have worked a minimum of 72 consecutive hours in Alaska during the preceding 24 months.
Besides the PFD stimulus payment, these are other available options for Americans
New York
Under New York’s stimulus payment, 1.6 million households will receive a yearly tax credit of up to $1,000 for each kid under four and up to $500 for each child aged four to sixteen.
For the 2025 tax year, households with children under four will be eligible for a $1,000 credit, and for the 2026 tax year, households with children over four will be eligible for a $500 credit. Over the next two years, the plan will be put into action.
Colorado refunds
Colorado is providing a stimulus payment through a rebate program to low-income residents who are struggling to pay for costly property taxes, heating, and rent. Applicants who submit their applications by April 15, 2024, will get between $800 and $1,600, depending on their circumstances.
You still have until December 31, 2025, to submit your application, even if you missed the deadline. Individuals making less than $18,016 in 2023 may receive up to $1,112 annually in the refundable credit, while joint filers must have made less than $24,345.
Stimulus payment in California
Sacramento, California, has launched the Sacramento Family First Economic Support Pilot (FFESP), a basic income pilot program. This program will provide $725 a month to selected families in these states once they have met all the required conditions.
The initiative aims to give needy households financial stability while investigating the community’s response to guaranteed income. The success of the pilot will decide the program’s continuation, making it unique at present. No other initiatives similar to FFESP are known to exist in other United States or localities.
