Residents of Alaska are reminded that they have until the close of Sunday, March 31, to submit their applications for the 2024 Alaska Permanent Fund dividend. Those opting to file online can do so up until 11:59 p.m. Alaska time on the deadline day. For those sending their applications by mail, they must ensure their submissions are postmarked by March 31. For further details and access to the online application form, the official website serves as a resource.

The final amount of this year’s dividend remains uncertain until the conclusion of the legislative session in May. The decision is part of the state lawmakers’ broader budgetary considerations, which will ultimately determine the size of the payment.

To be eligible for the yearly dividend, applicants must have lived in Alaska for the entirety of the previous year, maintained a clean legal record free of felony convictions or incarcerations, and not have spent more than 180 days outside the state, barring specific exceptions.

As of Saturday, the Alaska Department of Revenue reported that over 586,000 individuals had applied for the dividend. The discussion over the dividend’s size has been a recurring theme in the Alaska Legislature since 2017, often consuming a considerable portion of the budget discussions. The previous year’s dividend amounted to $1,312.

Since 2016, the allocation of the dividend has deviated from the original formula laid out in state law, with legislators citing the old formula as unsustainable. The specific amount of the dividend, which varies depending on the number of applicants, is typically revealed in September.

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