Story last updated at 9/26/2012 - 2:37 pm
Revenue Commissioner Bryan Butcher announced on Sept. 18 that an estimated 646,805 eligible Alaskans will receive a 2012 Permanent Fund Dividend in the amount of $878. According to the Department of Revenue, 677,733 applied for the 2012 dividend, an increase of approximately 1,500 applications compared to 2011.
The first dividends will be paid on Oct. 4 when approximately 515,000 applicants will receive a direct deposit into their bank account, and 85,000 will be mailed a check. Those who chose paper check delivery will have it enter into the mail stream on Oct. 4 in Juneau. The actual delivery date will vary by applicant location.
More than $470 million will be directly deposited into Alaskans' bank accounts this year, with a total distribution, including checks, of $567,338,304.39. Beginning Oct. 25, and continuing monthly thereafter, applications that become eligible will be paid by either check or direct deposit.
More than 411,000 Alaskans chose the e1099 tax statement this year, 63.5 percent of all 2012 payments. An email explaining how to obtain the e1099 will go out the week of Oct. 1.