Alaska residents are set to receive $1,702 as part of the state’s annual Permanent Fund Dividend (PFD) program, which distributes oil revenue earnings to eligible individuals. This payment, often referred to as Alaska’s “yearly stimulus,” is a key benefit for residents, helping with cost-of-living expenses and boosting the local economy.
Here’s everything you need to know about the 2025 PFD payment, including eligibility criteria, payment schedules, and how to apply before the deadline.
What Is the Alaska PFD Program?
The Permanent Fund Dividend (PFD) is an annual cash distribution to Alaska residents, funded by the Alaska Permanent Fund, which manages the state’s oil revenue earnings. The amount varies yearly based on investment performance and government budget allocations.
For 2025, the PFD payment has been set at $1,702 per eligible resident.
Who Is Eligible for the 2025 PFD?
To qualify for the 2025 Permanent Fund Dividend ($1,702 payment), applicants must meet the following requirements:
- Residency: Must have been an Alaska resident for the entire 2024 calendar year and intend to remain in the state indefinitely.
- Absence Limitations: Cannot have claimed residency in another state or country or received benefits from such a claim since December 31, 2023.
- Legal Compliance: Cannot have been convicted or sentenced for certain felonies or misdemeanors in 2024.
- Physical Presence: Must have been physically present in Alaska for at least 72 consecutive hours during 2023 or 2024, with absences not exceeding 180 days.
For full eligibility details, visit the Alaska Department of Revenue – PFD Division.
How to Apply for the 2025 PFD Payment?
The application period for the 2025 PFD began on January 1, 2025, and closes on March 31, 2025.
Steps to Apply:
- Visit the official Alaska PFD website.
- Log in using your myAlaska account.
- Complete the online application form.
- Submit the required documentation if requested.
When Will Alaskans Receive the $1,702 Payment?
The PFD payments are distributed in waves based on the date of application. For those who applied between February 12 and March 12, 2025, direct deposits will be sent out on March 20, 2025.
Residents who filed their applications earlier or opted for paper checks may receive their payments at a later date.
Is the PFD Taxable?
Yes. The Internal Revenue Service (IRS) considers the PFD taxable income. Recipients must report it when filing their federal tax returns.
How the PFD Impacts Alaska’s Economy
Each year, the PFD payments contribute significantly to Alaska’s economy, as many recipients use the money for essentials such as:
- Groceries, rent, and household expenses
- Education and healthcare costs
- Savings and investments
- Travel and local business support
Alaska’s PFD is often seen as a “yearly financial boost” for families and individuals, especially in a state where the cost of living can be high.
Final Thoughts
The 2025 PFD payment of $1,702 is a significant benefit for Alaskans, offering financial relief and economic support. With the March 31, 2025 deadline approaching, eligible residents should apply as soon as possible to secure their payment.
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.
