Alaskans are set to receive a $1,702 Permanent Fund Dividend (PFD) in 2025—a welcome boost in a year marked by persistent inflation and economic uncertainty. Funded by the state’s oil and gas revenues, this annual payout is more than just a check—it’s a symbol of shared ownership in Alaska’s natural wealth.
Whether you’re a new resident or a long-time beneficiary, here’s a full guide to who qualifies, how to apply, and what to expect from this year’s PFD.
What Is the PFD?
The Permanent Fund Dividend is an annual payment distributed to eligible Alaska residents from the earnings of the Alaska Permanent Fund. The fund itself is built on oil royalties and investment returns.
In 2025, the state has set the payment at $1,702 per person.
Quick facts:
- Paid by the Alaska Department of Revenue
- Funded by state resource revenue, not federal money
- Taxable income at the federal level
Who Qualifies for the 2025 PFD?
To be eligible, you must meet the following residency and presence requirements:
| Requirement | Details |
|---|---|
| Alaska residency | Must have been a resident for the full calendar year of 2024 |
| Intent to remain | Must intend to stay in Alaska indefinitely |
| Physical presence | Must have been in Alaska for at least 180 days in 2024 |
| No disqualifying convictions | Certain felony convictions may make you ineligible |
| Not claiming residency elsewhere | Cannot be a resident of another state or country |
Exemptions exist for military, students, or those on medical leave outside the state.
2025 Application & Payment Dates
| Key Action | Deadline/Date |
|---|---|
| Application opens | June 1, 2025 |
| Application deadline | July 31, 2025 |
| Direct deposit begins | October 3, 2025 (first batch) |
| Paper checks sent | Mid-to-late October 2025 |
Pro Tip: Choose direct deposit for faster and more reliable delivery.
Applying for Dependents and Children
Parents or legal guardians must file on behalf of minors and dependents. Each child who qualifies also receives their own $1,702 payment.
Is the PFD Taxable?
Yes. The IRS considers the PFD federal taxable income. All recipients, including children, will receive a Form 1099-MISC in early 2026.
- Not taxable at the state level (Alaska has no state income tax)
- Must be reported on your 2025 federal return
Using Your PFD Wisely
Many Alaskans use the PFD for essential costs, especially in rural areas with high prices. Ideas for spending or saving include:
- Stocking up on fuel or groceries for winter
- Paying down utility bills or medical travel costs
- Contributing to a college savings plan or emergency fund
- Investing or saving using the 50/30/20 rule (Needs/Wants/Savings)
Don’t Confuse PFD with Federal Stimulus Checks
The PFD is not a stimulus check. It is:
- Funded and managed by the State of Alaska
- Paid out once a year
- Based on residency, not income
FAQs
When is the deadline to apply for the 2025 PFD?
July 31, 2025.
Can I apply late?
Only under specific hardship rules (e.g., medical emergencies or disasters).
What if I moved to Alaska in 2024?
You must have been a resident for the full calendar year to qualify.
