Alaska continues its tradition of providing residents with significant financial assistance through the Permanent Fund Dividend (PFD) and energy relief payments. These payments help Alaskans offset high living costs, particularly as the harsh winter approaches. Here’s everything you need to know about the 2024 payments, along with information about other stimulus programs across the United States.
Alaska’s PFD
Alaska is unique in that it distributes a portion of its natural resource revenue—including oil, gas, and timber earnings—back to its residents. In 2024, the state has set the PFD at approximately $2,634 per resident. Additionally, an energy relief payment of $650 will be provided, bringing the total to $3,284 per eligible person.
These payments offer much-needed support, particularly for low-income residents, as the cost of living in Alaska can be significantly higher due to its remote location and long, harsh winters. The state began distributing payments via direct deposit in September 2024. Paper checks will continue to be sent out to those considered “eligible not-paid” throughout the final months of the year.
If a person has an “eligible not-paid” status by October 14, 2024, they can expect their PFD and energy relief payments to arrive by October 24. Residents who were eligible but not paid by September 20 received their payment on October 3. For those who are unsure about their status, it can be easily checked online through the MyPFD portal on the Alaska Department of Revenue’s website. Alternatively, residents can schedule telephone or in-person appointments during business hours, from Monday to Friday, 10:00 AM to 4:00 PM.
Other Stimulus Programs
In addition to Alaska’s substantial payments, several other states are offering stimulus programs and tax rebates to help residents cope with inflation and rising costs. Here’s a rundown of some of the most notable programs:
California
In California, residents can claim a $350 middle-class tax refund if they earn no more than $75,000 annually. Additional funds are available for households with dependents. This program aims to provide relief to families before the end of October 2024, with 90% of eligible recipients expected to receive their payments by then.
Idaho
Idaho is also offering tax refunds to its residents, which began processing in September 2024 and will continue on a weekly basis through the end of the year. Individual taxpayers can receive $300, while couples filing jointly will receive $600.
Rhode Island
Rhode Island is providing families with a one-time rebate to help them manage the colder months. Each family will receive up to $250 per child, with a maximum of three children, for a total potential payout of $750. Payments began in October 2024 and will continue throughout the fall and winter seasons.
South Carolina
South Carolina has allocated $1 billion in its budget to provide tax refunds of up to $800. Payments will begin in October and continue through the end of the year. This program is designed to reach a broad portion of the population, providing critical relief as inflation continues to impact household budgets.
Virginia
Virginia is offering tax refunds during October 2024. Couples filing jointly can receive up to $500, while individuals filing alone will get $250. Payments will be distributed via direct deposit or paper checks, with most recipients receiving their refunds by the end of October.
Why Programs Matter
These financial aid programs across the United States provide essential relief to millions of Americans as inflation drives up the cost of everyday living expenses. For many, the funds can help cover basic needs like food, energy bills, and housing costs, especially as winter approaches. Each state’s program is tailored to the specific needs of its residents, ensuring that the relief reaches those who need it most.
While Alaska’s PFD and energy relief payments stand out due to their size and regularity, other states’ tax refunds and rebates are no less significant. Together, these programs are helping millions of Americans manage through tough economic times.
FAQs
How much can Alaskans receive in 2024 from the PFD and energy relief?
Eligible Alaskans can receive $3,284 in total.
When will Alaska’s PFD payments be distributed?
Payments started in September, with additional checks sent through the year’s end.
What is California’s middle-class tax refund program?
California offers up to $350 for individuals earning under $75,000 annually.
How much will Idaho residents receive in tax refunds?
Idaho provides $300 for individuals and $600 for couples filing jointly.
When will South Carolina residents receive their tax refunds?
South Carolina’s tax refunds of up to $800 will be distributed through the end of 2024.
What about Arkansas? Why we not receiving nothing?