Alaska residents can look forward to a significant financial boost in 2025 through the Permanent Fund Dividend (PFD) program. This year, eligible individuals will receive a total of $1,702, comprising a $1,403.83 standard dividend and a $298.17 energy relief bonus.
The payment aims to assist residents amid rising energy costs and to share the state’s oil revenue surplus.
💰 2025 PFD Payment Breakdown
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Standard Dividend: $1,403.83
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Energy Relief Bonus: $298.17
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Total Payment: $1,702
The energy relief bonus is designed to help offset increased energy expenses, providing additional support to residents.
✅ Eligibility Criteria
To qualify for the 2025 PFD, applicants must meet the following requirements:
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Residency: Must have been a resident of Alaska during all of calendar year 2024.
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Intent to Remain: Must intend to remain an Alaska resident indefinitely.
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Absences: If absent from Alaska for more than 180 days, the absence must be for an allowable reason.
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Physical Presence: Must have been physically present in Alaska for at least 72 consecutive hours during 2023 or 2024.
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Legal Status: Must not have been convicted of a felony or incarcerated for a felony or certain misdemeanors during 2024.
🗓️ Payment Schedule
The 2025 PFD payments will be distributed as follows:
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January 16, 2025: For applications marked as “Eligible-Not Paid” by January 8, 2025.
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February 20, 2025: For applications marked as “Eligible-Not Paid” by February 12, 2025.
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March 20, 2025: For applications marked as “Eligible-Not Paid” by March 12, 2025.
Payments are issued via direct deposit or mailed checks, depending on the applicant’s chosen method.
📝 How to Apply
The application period for the 2025 PFD is open from January 1 to March 31, 2025. Applications can be submitted online through the myPFD portal, by mail, or at designated distribution centers. It’s crucial to apply within this window, as late applications are not accepted.
📌 Important Notes
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Tax Implications: The standard dividend is subject to federal income tax, while the energy relief bonus is not taxable.
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Application Status: Applicants can check their application status and payment details through the myPFD portal.
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Assistance: For help with the application process or to address any issues, contact the Alaska Department of Revenue’s PFD Division.
The PFD program continues to be a vital financial resource for Alaska residents, offering a share of the state’s oil wealth to support individual and family needs.
By adhering to the eligibility requirements and application deadlines, residents can ensure they receive their entitled payments in a timely manner.
