Deadline Alert: Claim Your 2020 Stimulus Check Credit by May 17, 2024

Arnia
3 Min Read

Understanding the recent updates regarding stimulus check and PFD payments is crucial for individuals looking to claim financial benefits. This article discusses the timelines, eligibility criteria, and application process for these payments.

End of 2020 Stimulus Check Claims

Deadline for Recovery Rebate Credit

The IRS has set May 17, 2024, as the deadline for filing a 2020 tax return to claim the Recovery Rebate Credit. This credit allows taxpayers to reconcile their 2020 stimulus check payments if they haven’t already filed a tax return for that year.

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Permanent Fund Dividend (PFD) Payments in Alaska

Upcoming PFD Payment Date

Alaska’s Department of Revenue will distribute the next round of PFD payments on May 16, 2024. Residents who have been approved for the Permanent Fund Dividend will receive $1,312, provided they meet the eligibility criteria.

Checking PFD Payment Status

To check the status of their PFD payment, applicants can visit myPFD at https://myinfo.pfd.dor.alaska.gov/home. Payments marked as “Eligible” but “Not-Paid” by May 8, 2024, will be issued on May 16.

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Application Period for PFD Stimulus Checks

Opening Dates and Requirements

The application window for PFD stimulus checks will open from January 1, 2025, to March 31, 2025. Residents must have lived in Alaska throughout 2024 and intend to continue residing in the state to qualify. Individuals claiming residency elsewhere or facing legal issues may not be eligible for PFD payments.

As the deadlines for claiming stimulus checks and applying for PFD payments approach, it’s essential for eligible individuals to take necessary steps to ensure timely processing and receipt of financial benefits.

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1. What is the deadline for claiming the Recovery Rebate Credit for 2020 stimulus checks?

The deadline is May 17, 2024. Taxpayers must file their 2020 tax return by this date to claim the credit.

2. When will the next PFD payment be issued?

The next payment is scheduled for May 16, 2024.

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3. How much will the upcoming PFD payment amount to?

Approved applicants will receive $1,312 for the upcoming PFD payment.

4. Where can I check the status of my PFD payment?

Visit https://myinfo.pfd.dor.alaska.gov/home to check the status of your PFD payment.

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5. When can I apply for PFD stimulus checks?

The application window opens from January 1, 2025, to March 31, 2025, for PFD stimulus checks.

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By Arnia
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A Certified Public Accountant specializing in personal finance and taxation. Arnia engaging writing style and deep understanding of tax codes make her articles a must-read for individuals seeking to maximize their tax savings.
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