Alaska residents will receive a $1,702 Permanent Fund Dividend (PFD) payment in February 2025, providing crucial financial support.
This annual payment, funded by Alaska’s oil revenues, includes an energy relief component to help residents manage high living and utility costs.
Understanding the eligibility requirements, payment schedule, and tax implications will ensure a smooth application process.
PFD Payment Overview
| Aspect | Details |
|---|---|
| Payment Amount | $1,702 per eligible resident |
| Payment Dates | – Jan 16, 2025 (For applications marked “Eligible-Not Paid” by Jan 8, 2025) – Feb 20, 2025 (For applications marked “Eligible-Not Paid” by Feb 12, 2025) – Mar 20, 2025 (For applications marked “Eligible-Not Paid” by Mar 12, 2025) |
| Eligibility | – U.S. citizen or legal resident – Lived in Alaska for all of 2024 – Plan to remain an Alaska resident indefinitely – No residency claims in another state or country after Dec 31, 2023 |
| Application Period | Jan 1, 2025 – Mar 31, 2025 |
| Application Method | Online via myPFD portal or paper application |
Staying updated through the PFD official website is essential for ensuring you meet all requirements and receive your payment on time.
Understanding the Permanent Fund Dividend (PFD)
The Permanent Fund Dividend (PFD) program was established in 1976 to ensure Alaska’s oil revenues benefit residents.
Each year, the PFD amount is calculated based on a five-year average of the state’s Permanent Fund earnings.
For 2025, the PFD is set at $1,702, which includes an energy relief payment aimed at helping Alaskans manage high energy costs.
Who Is Eligible for the 2025 PFD?
To qualify for the 2025 PFD, applicants must meet the following requirements:
Residency Requirements
Must have lived in Alaska for all of 2024.
Must intend to remain in Alaska indefinitely.
Absence Limitations
Absences longer than 180 days in 2024 must fall under allowable exceptions, such as:
- Military service
- Education
- Medical treatment
Legal & Compliance Rules
Must not have been incarcerated for a felony conviction in 2024.
Must not have claimed residency in another state or country after Dec 31, 2023.
For more details, visit the PFD official website.
How to Apply for the $1,702 PFD Payment
The application window for the 2025 PFD runs from January 1, 2025, to March 31, 2025.
Application Methods
Online – Apply through the myPFD portal (recommended for faster processing).
Paper Application – Download and mail a completed form.
Tip: Applying early can lead to an earlier payment if deemed eligible.
PFD Payment Schedule
Payments are made in phases, based on when an application reaches the “Eligible-Not Paid” status:
| Payment Date | Eligibility Deadline |
|---|---|
| Jan 16, 2025 | Application marked “Eligible-Not Paid” by Jan 8, 2025 |
| Feb 20, 2025 | Application marked “Eligible-Not Paid” by Feb 12, 2025 |
| Mar 20, 2025 | Application marked “Eligible-Not Paid” by Mar 12, 2025 |
To check your payment status, log into the myPFD portal.
Tax Implications of the PFD Payment
The $1,702 PFD payment is taxable for federal income tax purposes.
You must report the full amount on your federal tax return.
The IRS provides guidance on how to file the PFD income correctly.
Some recipients may need to make estimated tax payments to avoid penalties.
Tips for Managing Your PFD Payment
Apply Early – Filing early can lead to quicker approval and payment.
Keep Documentation – Save copies of all application documents.
Monitor Updates – Regularly check the PFD official website for announcements.
The Permanent Fund Dividend continues to be a vital source of financial support for Alaska residents. Staying informed and proactive will ensure you receive your payment smoothly.
