Juneau, Alaska (KINY) – The Alaska Department of Revenue has announced that the Permanent Fund dividend amount for 2020 is $ 992.
As of July 1, approximately 580,000 Alaskans, representing almost 90% of PFD applicants, will receive their dividend by direct deposit or check.
The decision to distribute the PFD three months earlier was made by Governor Mike Dunleavy in response to the economic impacts of the COVID-19 pandemic.
Alaskans who are determined to be eligible before June 19 and who have chosen direct deposit will see funds in their bank accounts on or soon after July 1.
Eligible applicants receiving a paper check will receive their checks in the mail as of July 1. Dividend requests that have not been determined by June 19 will be paid monthly by check or direct deposit starting July 23. This year, the Fund Dividend division saw a record number of Alaskans sign their application electronically at 92 percent.
Alaskans are encouraged to use the state’s website to check the status of their PFD application.
2020 marks the 39th year that Alaskans have received their share of the state’s natural resources. After the payment of the 2020 dividend, the estimated total of all funds paid to Alaskans, including the one-time 2007 resource remission, will exceed $ 25 billion.
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