Alaska continues its tradition of providing financial relief to residents through the Permanent Fund Dividend (PFD). In 2025, eligible Alaskans will receive $1,702, which includes a base dividend of $1,403.83 and an energy relief bonus of $298.17. This program distributes a share of the state’s oil revenues to residents, helping them with rising living costs.
Who Is Eligible for the $1,702 Payment?
To qualify for the 2025 PFD, applicants must have been Alaska residents for all of 2024 and intend to remain indefinitely. They must have been physically present in the state for at least 72 consecutive hours during 2023 or 2024. Anyone who has claimed residency in another state or country since December 31, 2023, is ineligible. Additionally, those with felony convictions or who were incarcerated for felonies in 2024 may be disqualified.
How to Apply for the PFD
The application window runs from January 1 to March 31, 2025. Residents can apply online via the myAlaska portal or submit a paper application to the Alaska Department of Revenue. Since late applications are not accepted, it is crucial to file before the deadline.
When Will Payments Be Sent?
PFD payments will be distributed in waves. Those who applied between January 1 and February 11, 2025, will receive their payments on March 20, 2025. A second batch of payments will be issued on April 20, 2025, for applications received between February 12 and March 12. Any applications submitted after March 12 but before the deadline will be processed in later rounds. Payments will be made either via direct deposit to bank accounts or as paper checks mailed to applicants.
Final Thoughts
The $1,702 Alaska PFD offers a significant financial boost to eligible residents. With the application deadline set for March 31, 2025, those who qualify should apply as early as possible to receive their funds in the first payment wave. Staying updated with official announcements from the Alaska Department of Revenue will ensure you don’t miss important details.