The PFD and energy relief payment will be delivered in a single direct deposit on Sept. The increase is due in part to rising oil costs-the funds for the dividend come from investments made from a portion of state oil and mineral revenues. The Permanent Fund Dividend (PFD) increased this year, from $1,114 in 2021 to $2,550 per eligible recipient. This year, they’ll receive an extra $650 energy relief payment. Most Alaska residents already receive an annual payment from the state’s Permanent Fund Dividend program. Here’s how those payments are coming along: Alaska: $3,200 Payments Approved State Stimulus and Rebate Check ProgramsĮighteen states have already approved legislation to get tax rebates flowing to their residents. Here’s how the federal and state governments plan to bring taxpayers relief in a world of surging prices. “Plans focused on specific sectors or groups, such as gas cards or disbursements based on income thresholds, in theory could help ease the pain caused by prices of specific goods or services…without putting as much pressure on prices more broadly,” says Andrew Patterson, senior international economist at Vanguard. Rather, it’s about helping Americans weather rising prices without making inflation worse. That’s not because governments have developed a stingy streak. Unlike previous pandemic relief measures, these payments are much more targeted and most offer considerably lower dollar amounts. Eighteen states will send-or have already sent-payments to taxpayers in the coming months. With little immediate relief from the federal government in sight to respond to record inflation, some states are taking matters into their own hands.
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