FOR IMMEDIATE RELEASE

24-005

 

Department of Revenue Announces 2024 Permanent Fund Dividend Amount and Energy Relief

Thursday, September 19, 2024 (Juneau, AK) – The Department of Revenue announces the 2024 Permanent Fund Dividend (PFD) in the amount of $1,702.00. 

The amount of the 2024 PFD was calculated by utilizing the amount available for distribution from the Permanent Fund earnings account and dividing it by the number of eligible applicants. For the 2024 PFD, the Legislature allocated a total of $914,315,845 for distribution. The $1,702.00 amount includes the permanent fund dividend in the sum amount of $1,403.83, and a one-time energy relief payment of $298.17 added by the Legislature in 2023. Over 600,000 Alaskans have already been determined eligible for this year’s distribution.   

“This is the 43rd year Alaskans have received their share of the state’s natural resources and investment earnings. The 2024 PFD will create an economic opportunity across all of our local communities,” said Department of Revenue Commissioner Adam Crum. “I want to thank and recognize the Governor and the Legislature for their commitment and continued support to Alaskans in providing the energy relief payment during a time of rising energy costs and high inflation.” 

For 2024 PFD applications that were filed electronically, requested direct deposit, and are in "Eligible-Not Paid" status as of September 20, 2024, payment will be disbursed on October 3, 2024.  

For 2024 PFD applications that are in "Eligible-Not Paid" status as of October 18, 2024, payment will be disbursed on October 26, 2024.  This includes 2024 paper and electronic applications, requested direct deposit and check payments. 

Alaskans are encouraged to use the state’s website, MyPFD, to check the status of their PFD application.