Permanent Fund Dividend – Tax Information
The Permanent Fund Dividend (PFD) is a program in the U.S. state of Alaska that distributes a portion of the state's oil revenues to eligible residents. The program was established in 1982 with the intention of sharing the state's wealth derived from its natural resources.
The amount of the Permanent Fund Dividend varies from year to year and is determined by the Alaska Permanent Fund Corporation (APFC). The APFC manages the Alaska Permanent Fund, which is a fund that invests a portion of the state's oil revenues. The dividend amount is calculated based on the fund's performance, and each eligible resident receives an equal share.
The eligibility requirements to receive the Permanent Fund Dividend typically include being an Alaska resident for a full calendar year and not being absent from the state for more than a specified number of days. Other requirements may also apply.
To get the most accurate and up-to-date information about the Permanent Fund Dividend program, including the dividend amount and eligibility requirements, it is recommended to visit the official website of the Alaska Permanent Fund Dividend Division or contact them directly.