How much money does each resident of Alaska get each year at tax time?

Question

Each year the residents of Alaska don't have to pay state taxes due to a state trust from the state's oil revenue; how much money has each person received and do the parents of children receive the money for their children?

Answer 1

You must be referring to the Alaska Permanent Fund Dividend. Every eligible Alaskan receives a payment regardless of age or income. This year, Alaskans will receive 2100 for the PFD payout, plus Sarah Palin's $1200 Energy Relief Package for a grand total of 3300. I live in Eagle River Alaska, my family will be receiving 4 PFD packages this year.

Answer 2

There are 7 states in the USA that do not have a state tax. Alaska is just 1 of the 7. You are thinking of the Permanent Dividend Fund. It is made from the profits of the invested oil funds. The amount is made from the average investment of the prior 5 years. Last year it was $1654. This year is a bit more. Yes, every eligible Alaskan, regardless of age, gets a check. There is a wonderful plan that the kids' money can get invested in and set aside for college. The parents decide what to do with the kid's money until he is 18.