Thousands of Alaskans are set to receive a $1,702 payment as part of the 2025 Permanent Fund Dividend (PFD), a long-standing state program that shares oil wealth with residents. The payout, scheduled for May and October 2025, represents a combination of a base dividend and an energy relief bonus passed by the legislature. While the official 2025 PFD amount hasn’t been finalized, the $1,702 figure reflects the 2024 distribution and is likely to remain close for the coming year.
Let’s break down what residents need to know to qualify, apply, and receive the payment without delays.
What Is the Alaska Permanent Fund Dividend?
The Alaska Permanent Fund was created in 1976 to preserve a portion of oil revenues for future generations. Managed by the Alaska Permanent Fund Corporation (APFC), the fund invests globally in assets like stocks, bonds, and real estate. Every year, about 5% of the fund’s earnings are allocated to eligible residents through the PFD, typically announced in the fall and distributed in annual payments.
The dividend helps offset Alaska’s high cost of living and is often seen as a vital source of income, especially in rural areas.
2025 PFD Quick Facts
| Key Detail | Information |
|---|---|
| PFD Amount (Expected) | $1,702 |
| Eligibility | Alaska residency, no major felonies, on-time application |
| Application Window | February 1 – April 2025 |
| First Payment Date | May 5, 2025 (expected) |
| Application Method | Online or paper via pfd.alaska.gov |
| Tax Status | Taxable by IRS, not taxed by Alaska |
Eligibility Requirements for the 2025 PFD
To qualify for the 2025 dividend, residents must meet the following:
- Residency: Must have lived in Alaska for all of 2024 with intent to stay.
- Physical Presence: Must have been physically present in Alaska for at least 72 consecutive hours during 2023 or 2024.
- Permitted Absences: Time away from Alaska (up to 180 days) must be for specific reasons like education, medical treatment, or military service.
- Criminal Record: Those with felony convictions or multiple misdemeanors in 2024 are ineligible.
- Application Deadline: Submit by March 31, 2025—late applications are not accepted.
Each family member, including children, must file their own application. Avoid getting an out-of-state REAL ID driver’s license, as it could jeopardize eligibility.
2025 PFD Payment Amount and Schedule
While the exact 2025 amount hasn’t been announced, the state has based the $1,702 estimate on the 2024 payout: $1,403.83 from the regular fund and $298.17 as an energy bonus.
Payment Schedule:
| Eligibility Status Date | Payment Date |
|---|---|
| April 9, 2025 | April 17, 2025 |
| May 7, 2025 | May 15, 2025 |
| June 11, 2025 | June 18, 2025 |
Only applicants whose status is marked “Eligible – Not Paid” by the cutoff date will receive payment on the corresponding deposit date.
How to Apply for the Alaska PFD in 2025
- Go to pfd.alaska.gov.
- Log in or create a myAlaska account.
- Complete the application, including banking and residency details.
- Upload supporting documents if you had qualifying absences.
- Review and submit the form before the April 2025 deadline.
Common Mistakes That Could Delay or Deny Your Payment
Avoid these errors to ensure smooth processing:
- Missing the application deadline.
- Providing outdated bank or mailing information.
- Failing to disclose absences from the state.
- Submitting incomplete or incorrect residency documentation.
Tax Implications of the PFD
While Alaska doesn’t tax the dividend, the IRS does. The $1,702 is considered taxable income:
- Report the PFD when filing your federal return in 2026.
- Consider adjusting your tax withholdings if you expect a significant refund or tax liability.
What If You Miss the Deadline?
Unfortunately, the state does not accept late applications. If you miss the 2025 deadline, you’ll have to wait until 2026 to apply for that year’s dividend.
The Alaska PFD remains a critical financial benefit for thousands of households. With proper preparation, eligible residents can expect their $1,702 payment to arrive as early as May 5, 2025. Make sure your application is complete, your information is current, and your eligibility is intact to ensure timely payment.
FAQs
Is the 2025 PFD amount confirmed?
Not officially, but $1,702 is expected based on 2024’s approved payout.
Can I apply for my children?
Yes, parents or guardians must file separate applications for each minor child.
Do I need to reapply every year?
Yes, applications must be submitted annually—even for long-time residents.