Each year, Alaskans eagerly anticipate the Alaska Permanent Fund Dividend (PFD)—a unique benefit funded by the state’s oil revenues. For 2025, the official amount has been set at $1,702 per qualifying resident. More than just a stimulus or bonus, this annual payout symbolizes Alaska’s long-term commitment to sharing the wealth generated from its natural resources with its people.
Understanding how to qualify, apply, and receive your payment is essential to make sure you don’t miss out on this important financial opportunity.
What Is the $1,702 Alaska Stimulus Check?
The PFD program was established following a 1976 amendment to the Alaska Constitution. Rather than spending all of its oil income, the state placed a portion into the Alaska Permanent Fund, a sovereign wealth fund managed by the Alaska Permanent Fund Corporation (APFC).
Each year, a percentage of the fund’s earnings—roughly 5% of the average balance over the past five years—is made available. Half goes toward public services, and the other half is distributed directly to residents through the Permanent Fund Dividend.
Alaska PFD 2025 Overview
| Feature | Details |
|---|---|
| Authority | Department of Revenue |
| Program Name | Alaska PFD Program |
| 2025 Payment Amount | $1,702 |
| Eligibility | Full-year Alaska residency |
| Application Period | Feb 1 – Mar 31, 2025 |
| Expected Payout Date | June 2025 |
| Distribution Method | Direct Deposit / Mailed Check |
| Tax Status | Federally taxable, state tax-free |
| Website | pfd.alaska.gov |
Who Is Eligible for the 2025 Alaska PFD?
To qualify for the 2025 dividend, applicants must meet these requirements:
- Alaska Residency: You must have lived in Alaska for the entire calendar year of 2023 (January 1 to December 31).
- Intent to Remain: You must plan to remain an Alaskan resident indefinitely.
- Allowable Absences: Time spent outside the state for college, military service, or medical care is acceptable if properly documented.
- Criminal Record: Individuals convicted of certain felonies or incarcerated for a majority of the year may be disqualified. All information is cross-checked through public records.
Applicants must also remain in Alaska during the application period and continue to meet residency requirements.
How to Apply for the $1,702 Stimulus Checks
The PFD application window opens annually and is strictly limited to February 1 through March 31. There are no extensions, so missing the deadline means missing out on the 2025 payment.
Steps to Apply:
- Online Application: The fastest and most reliable method is to apply at pfd.alaska.gov.
- Paper Form Option: Available by request, though processing may take longer.
- Double-Check Information: Ensure your residency status, SSN, bank account, and mailing address are correct.
Incorrect or incomplete applications are among the top reasons eligible individuals are denied the PFD.
When and How the Payments Are Made
Once your application is approved, payments are expected to begin in June 2025.
| Payment Method | Timing |
|---|---|
| Direct Deposit | Usually within 1st week |
| Paper Checks | May take 1–3 additional weeks |
To avoid delays:
- Keep your bank account info current for faster deposits.
- Update your mailing address if receiving a paper check.
Is the PFD Taxable?
Yes, but only at the federal level. While Alaska does not tax the dividend, the IRS treats it as taxable income. This means:
- You must report the $1,702 on your federal tax return.
- It could slightly increase your tax liability or reduce your refund, depending on your overall income.
The 2025 Alaska PFD is more than just a check—it’s a symbol of the state’s resource stewardship and a financial boost that can help residents manage expenses. At $1,702, this year’s dividend remains a valuable benefit for full-year residents. Don’t miss the narrow application window from February 1 to March 31. Be sure your information is accurate, and choose direct deposit if you want the fastest access to your funds. And remember, while the state won’t tax it, the IRS still will.
FAQs
When will I receive my $1,702 PFD check?
Payments are expected to begin in June 2025. Direct deposits are typically faster than mailed checks.
What if I lived outside Alaska temporarily during 2023?
Certain absences (like for education, medical care, or military service) are allowable if properly documented.
Is the PFD taxable?
Yes, federally. It must be reported on your IRS tax return. It is not taxed by the State of Alaska.