Every year, Alaskans look forward to a unique benefit that comes from the state’s natural resources: the Alaska Permanent Fund Dividend (PFD). In 2025, thousands of residents will once again receive a payment of $1,702, split between May and October, as part of this program funded by oil revenues. If you’re living in the Last Frontier, here’s everything you need to know to make sure you don’t miss out.
What Is the Alaska Permanent Fund Dividend?
The Alaska PFD is an annual payment given to eligible state residents, sourced from the earnings of the Alaska Permanent Fund, which was established in 1976. The fund was designed to preserve the state’s oil wealth for future generations. It’s managed by the Alaska Permanent Fund Corporation (APFC) and invests in various assets like stocks, bonds, and real estate.
Each year, approximately 5% of the fund’s average market value is distributed to residents through the PFD. The idea is simple but powerful: share Alaska’s resource wealth with its people.
How Much Will the 2025 PFD Be?
While the final 2025 amount hasn’t been officially confirmed, it’s expected to match the 2024 payout of $1,702, which included:
- Base Dividend: $1,403.83
- Energy Relief Payment: $298.17
This total was approved by the state legislature in 2024, and if oil prices and state revenues remain stable, residents can expect a similar payout in 2025.
Key Dates: 2025 PFD Payment Schedule
Here’s the expected PFD payment timeline for 2025:
| Eligibility Status | Payment Date |
|---|---|
| Eligible by April 15, 2025 | May 5, 2025 |
| Eligible by Sept. 15, 2025 | October 7, 2025 |
These dates are for applicants marked as “Eligible – Not Paid” by the cutoff dates. Payment methods include direct deposit and paper checks.
Who Qualifies for the Alaska PFD?
To be eligible for the 2025 PFD, you must:
- Be an Alaska resident for the entire 2024 calendar year
- Intend to remain in Alaska indefinitely
- Not have claimed residency in another state or country
- Not have been sentenced or incarcerated for a felony during the year
- Not have certain misdemeanor convictions that disqualify you
- File your application between January 1 and March 31, 2025
Important Tip: Getting a driver’s license or ID from another state (including a REAL ID) can hurt your eligibility—even if you haven’t moved.
How to Apply
Applying for the PFD is quick and free:
- Visit the official site: myPFD.alaska.gov
- File your application between Jan. 1 – Mar. 31, 2025
- Submit your information, including banking details and mailing address
- For children, a separate application must be filed by a parent or guardian
Pro Tip: Always double-check your information—especially your Social Security Number and direct deposit details.
Common Mistakes That Delay Payments
Avoid these common errors:
- Incomplete applications
- Missing signatures or documents
- Incorrect or outdated banking info
- Failing to respond to verification requests
- Claiming residency in another state (intentionally or by mistake)
Stay on top of communication from the PFD Division, and respond to any requests promptly.
Will the IRS Tax My PFD?
Yes, the PFD is considered taxable income by the Internal Revenue Service (IRS). That means you must:
- Report it on your federal tax return
- Include your child’s dividend on their return (or yours, depending on circumstances)
Form to Use: You’ll receive a Form 1099-MISC to file with your taxes.
Missed the Deadline?
Unfortunately, Alaska does not allow late applications. If you miss the March 31, 2025 deadline, you’ll need to wait and apply for the 2026 cycle.
Final Reminders
- Applications open: January 1, 2025
- Deadline to apply: March 31, 2025
- First payments start: May 5, 2025
By preparing early and ensuring your documents are accurate, you’ll have a smooth path to receiving your $1,702 PFD without delay.
FAQs
When will the 2025 PFD be paid out?
May 5, 2025 (first wave) and October 7, 2025 (for later approvals).
Is the $1,702 payment taxable?
Yes, by the IRS. Alaska does not tax it.
Can kids get the PFD too?
Yes, but each child needs a separate application submitted by a parent/guardian.
What if I miss the application deadline?
You won’t receive a payment for 2025 and will have to wait until 2026.
Can getting a REAL ID affect eligibility?
Yes, if it’s from another state—it could make you ineligible.
