AMERICANS face more than $3,000 in direct payments this month – but they must have certain status.
Alaska was accepting applications for the Permanent Fund dividend through March 31, 2023.
However, the state is still sending $3,284 worth of payments as of 2022.
Checks were distributed at different times depending on when you applied.
Those who made applications and lived in the state of Alaska throughout 2021 are eligible for money if they haven’t already received it.
In particular, applicants who see the status “Eligible – Not Paid” must pay in cash.
So far, only those who filed dividend claims with status “Eligible – Not Paid” on May 10 are waiting to receive their money.
The payments will be distributed on May 18, according to the Alaska Department of Revenue (DOR).
Those awaiting their payments can check their application status by selecting “myPFD” through the DOR.
THE PFD EXPLAINS
Alaska established the PFD to give back a portion of the state’s oil revenues to residents each year.
In 2022, the amount was higher than previous years due to a $662 energy relief check attached and inflation skyrocketing.
To qualify for the annual payment, you must have resided in Alaska for all of 2021.
They also must not have been convicted of a crime or imprisoned that year.
Applications are due on March 31 of each year.
Keep in mind that bringing in the extra cash may have some tax implications that you may not be aware of.
The Internal Revenue Service said the $662 portion of the payment is not considered taxable because it is considered a relief payment.
However, the rest of the $2,622 will be.
OTHER PAYMENTS AVAILABLE
Several other states have introduced their own rebate programs to help residents navigate uncertain economic conditions amid high inflation.
In New Jersey, the ANCHOR initiative will provide up to $1,500 in rebates to homeowners and renters.
A spokesman for the New Jersey Department of Treasury (DOT) confirmed it has given nearly 1.4 million rebates, according to local NorthJersey news outlet.
However, most payments were expected to be sent out by the end of April.
Meanwhile, Georgia has approved an income tax refund worth up to $500.
To qualify for this year’s rebate, you must have filed taxes in both 2021 and 2022 and be a resident of the state.
As long as you submitted on or before April 18th, you can expect your money by July 1st.
The state said the rebates will expire in May.
Also, in New Mexico, Gov. Michelle Lujan Grisham signed into law a tax break package offering up to $1,000 in rebates to qualifying residents.
To be eligible, you must be over the age of 18 and not be claimed as a tax dependent.
More than 900,000 taxpayers are lined up for a payment, according to the governor’s office.
The money will be distributed from June.
Kansas may also be paying residents up to $900 thanks to its budget surplus.
Also, Americans are running out of time to claim up to $600 in LIHEAP support.