Alaska residents are set to receive the $1338 stimulus payment in September 2024 as part of the state’s Permanent Fund Dividend (PFD) program. This annual payment is drawn from the earnings of Alaska’s oil and natural resources, benefiting the state’s residents. This guide will help you understand eligibility, how to claim the payment, important dates, and more.
Overview of the $1338 Stimulus Payment
The $1338 stimulus payment, also called the Permanent Fund Dividend (PFD), is an annual financial distribution provided by the state of Alaska to its residents. Alaska benefits from its natural resources like oil, and through the PFD program, citizens get a share of these earnings.
| Detail | Description |
|---|---|
| Payment Amount | $1338 |
| Distribution Date | September 2024 |
| Eligibility | Alaska residents who have lived in the state for at least 1 year |
| Source of Payment | Earnings from Alaska’s oil and natural resources |
| Claim Method | Online application through the Alaska PFD website |
| Application Deadline | March 31, 2024 (for 2024 payments) |
How to Claim the $1338 Stimulus Payment
If you’re eligible and applied before the deadline, here’s how you can check your status and claim the payment.
| Step | Instructions |
|---|---|
| 1. Visit the PFD Website | Go to the official Alaska PFD website. |
| 2. Log in to Your Account | Use your user ID and password to log in, or create a new account if you haven’t already. |
| 3. Enter Your Details | Provide your personal information like your name, social security number, and date of birth. |
| 4. Submit Application | After entering the required information, submit your application and check your payment status. |
| 5. Review Payment Status | If your application is clear and correct, you will be notified of your payment status and the expected deposit date. |
Payment Dates for $1338 Stimulus Payment 2024
The payment is distributed in two disbursements, depending on whether you applied online or via paper. Here’s a detailed breakdown of the payment dates for the $1338 stimulus payment:
| Disbursement Type | Payment Date | Eligibility |
|---|---|---|
| First Disbursement | October 3, 2024 | Online applicants who chose direct deposit and those in “Eligible-Not Paid” status as of September 20. |
| Second Disbursement | October 24, 2024 | Applicants who filed by paper or chose paper checks and those in “Eligible-Not Paid” status as of October 14. |
For those in “Eligible-Not Paid” status for prior years, payments will be made on:
- August 15, 2024 (for those in this status as of August 7)
- September 12, 2024 (for those in this status as of September 4)
What Happens if You Miss the Deadline?
If you missed the March 31, 2024 deadline to apply for the 2024 PFD, unfortunately, you won’t be able to claim the $1338 payment this year. However, you can still apply for the 2025 PFD by keeping track of the deadlines and submitting your application early.
Conclusion
The $1338 stimulus payment through Alaska’s Permanent Fund Dividend (PFD) program is a significant benefit for Alaska residents, providing a portion of the state’s oil revenue back to its citizens. If you are a resident and meet the eligibility criteria, ensure you submit your application on time to receive your payment. By following the process and keeping track of payment dates, you can expect to see the funds in your account during the disbursement period.
FAQ’s
Who is eligible for the $1338 stimulus payment in 2024?
Residents of Alaska who have lived in the state for at least one year are eligible. There are no income requirements, and the payment is distributed annually through the Permanent Fund Dividend (PFD) program.
When will the $1338 payment be deposited?
The first disbursement will be on October 3, 2024, for direct deposit applicants. The second disbursement for paper checks will be on October 24, 2024.
How do I claim the $1338 PFD payment?
You need to apply through the Alaska PFD website before the annual deadline (March 31). Check your payment status online using your personal information.