Get Paid $1,400 a Year Just for Living in This State – Here’s How

Alaska is one of the most unique states in the United States, not just for its stunning landscapes and wildlife, but also for its special financial program. The state has the distinction of being the largest, northernmost, and even the easternmost state in the U.S., when measured by its longitude and the prime meridian.

One of Alaska’s most distinctive features is that it offers a special annual dividend to its residents, making it the only state in the U.S. to do so. In 2025, Alaskans can expect to receive a check for around $1,400 just for living in the state.

Alongside Alaska’s dividend, the IRS is also sending out payments to taxpayers who missed out on claiming certain COVID-19 stimulus benefits. These payments are part of an effort to ensure that all eligible individuals get the support they are entitled to. Here’s everything you need to know about Alaska’s annual dividend and the IRS payments.

Alaska’s Unique Annual Dividend

Every year, Alaska residents receive a special dividend from the state’s Permanent Fund. This fund is built up from the state’s oil revenues and is given back to residents as a way to share the wealth generated from the state’s natural resources.

Source: EcoNews

For 2025, nearly one million Alaska residents are set to receive a dividend of around $1,400 each. To qualify for the dividend, there are a few key requirements:

• Residency: You must have lived in Alaska for the entire year in 2024 and plan to continue residing in the state for the foreseeable future.
• Absences: If you were absent from Alaska for more than 180 days, you may still qualify, but the absence must be classified as “allowable.”
• Other Conditions: You must be physically present in Alaska for at least 72 consecutive hours during 2023 or 2024, and you must not have a felony conviction or two or more misdemeanors that would disqualify you.

This dividend provides a financial boost to many Alaskans and is one of the main ways the state shares its oil wealth with its residents.

IRS Automatic Payments: A Second Chance for Missed Stimulus Benefits

In addition to Alaska’s dividend, the IRS is also taking action to issue automatic payments to taxpayers who missed out on claiming the Recovery Rebate Credit on their 2021 tax returns. The Recovery Rebate Credit is a tax credit that was part of the federal COVID-19 relief efforts, also known as the stimulus checks.

In 2021, the federal government distributed stimulus checks as part of the American Rescue Plan, with up to $1,400 provided for individuals and an additional $1,400 for each dependent. However, some eligible taxpayers did not claim their full stimulus amounts.

As a result, the IRS has decided to send out automatic payments to around one million taxpayers who missed out on the Recovery Rebate Credit. These payments can go as high as $1,400 per individual.

Who Will Receive These Payments?

The IRS is sending out these payments to people who filed their 2021 tax returns but missed claiming the Recovery Rebate Credit or made an error by listing the amount as $0.

If you’re one of those individuals, you’ll receive the payment automatically – no need to file an amended tax return. Payments will be sent out through direct deposit or paper checks, depending on how your previous returns were filed.

Source: Economic Times

Key Details About the IRS Payments

• Payment Amounts: Eligible individuals can receive up to $1,400. This payment is a one-time benefit, based on the 2021 tax filing and the missed Recovery Rebate Credit.
• How Payments Are Sent: The IRS will send payments via direct deposit or by mail, based on the banking information provided in the 2023 tax return, or via paper check.
• Notification: You’ll receive a letter from the IRS with information about your payment, including how it was calculated.
• Deadline for Claiming: If you haven’t filed your 2021 tax return yet, you still have time. The IRS allows you to claim the Recovery Rebate Credit if you file your tax return by April 15, 2025.

The Importance of Stimulus Payments

Although the IRS is primarily responsible for managing taxes and ensuring individuals pay their fair share, the agency also plays a crucial role in distributing financial support in times of need. During the COVID-19 pandemic, the U.S. government used stimulus payments to help individuals and families cope with economic hardships.

The IRS has been proactive in distributing stimulus funds, but many people still haven’t received their full amounts. If you are among those who missed out, now is the time to check if you qualify for the Recovery Rebate Credit and the automatic payment from the IRS.

Conclusion

Alaska’s annual dividend and the IRS’s automatic stimulus payments are both excellent examples of how the government is helping individuals in unique ways. Whether you live in Alaska or are one of the millions who missed out on stimulus funds, there are opportunities to receive financial help.

For Alaskans, the dividend is a great way to share in the state’s wealth, while for others, the IRS payments provide a second chance to claim missed COVID-19 stimulus funds. Make sure to check the eligibility requirements, file your taxes on time, and ensure you’re receiving the financial support you deserve.

This article has been carefully fact-checked by our editorial team to ensure accuracy and eliminate any misleading information. We are committed to maintaining the highest standards of integrity in our content.