Residents of Alaska are set to receive a significant payment of up to $1,702 this summer, courtesy of the Alaska Permanent Fund Dividend (PFD).
Eligible individuals will see the funds hit their bank or mailbox in August 2025—but you must be on the eligible list to receive it.
What Is the Permanent Fund Dividend?
The Permanent Fund Dividend is a annual payment distributed to Alaska residents, funded by the state’s oil and mineral royalties. This unique program redistributes a portion of the state’s resource wealth, offering a direct cash deposit to qualifying residents each year.
- 2025 PFD amount: $1,702 per eligible person
- Includes a $1,440 base dividend + a $262 energy relief bonus, reflecting inflation-sensitive costs
- Payment range varies annually depending on fund performance and oil revenue
This is not a federal stimulus, but it functions similarly—an economic boost funded by state resources.
Eligibility Criteria
To qualify for the 2025 PFD, individuals must meet all of the following:
- Lived in Alaska for all of 2024
- Intend to remain an Alaska resident indefinitely
- Did not claim residency elsewhere since Dec 31, 2023
- No felony convictions or disqualifying misdemeanor incarceration during 2024
- If absent from Alaska for over 180 days, the absence must be allowable (e.g. military, study)
- Must have spent at least 72 consecutive hours in Alaska during 2023 or 2024
- Applied by March 31, 2025
Failure to apply or missing these criteria disqualifies you from 2025’s payout. Applicants must prove residency and criminal history, if required.
Payment Schedule & Distribution
Alaska is releasing the PFD in three payment waves in 2025:
| Eligibility Status as of | Payment Date |
|---|---|
| Eligible–Not Paid by June 11 | June 18, 2025 |
| Eligible–Not Paid by July 9 | July 17, 2025 |
| Eligible–Not Paid by Aug 13 | August 21, 2025 |
If your application was complete and accepted by July 9 but unpaid by that time, your payment will arrive on August 21. Funds will be sent via direct deposit, or by mailed check if banking info is incomplete.
Breakdown of the $1,702 Amount
- Base Dividend: $1,440 — determined by investment returns and earnings
- Energy Relief Bonus: $262 — added to offset high utility and fuel costs
This total is approximately 30% higher than the 2023 amount of $1,312 and reflects improved oil market performance and legislative allocation decisions.
Why It’s Important Now
This mid-summer deposit is especially meaningful due to rising costs of living and utility expenses. The energy bonus reflects a deliberate policy response to help residents manage inflation and heating costs. For many, it arrives just in time to bridge a gap until fall income or seasonal support arrives.
While future payouts depend on legislation and fund performance, the 2025 payout is guaranteed for those on the eligible list.
What You Should Do Next
If you want to ensure your payment arrives on time, here are key steps:
- Apply by March 31, 2025, via the official PFD website or paper form
- Use your myPFD portal to confirm your application status
- Update banking or mailing details to avoid delays
- Confirm your status if still unpaid by July 9—this ensures inclusion in the August payout round
- Monitor your payment window and expect funds via direct deposit or a check
The $1,702 Alaska PFD payment for 2025 represents a major cash benefit for residents, backed by the state’s oil-driven income. With the final payout wave scheduled for August 21, now is the critical time to confirm your eligibility and payment method.
If you applied on time, monitor your status in myPFD, update your banking info if needed, and prepare to receive this well-deserved check—just in time for August expenses.
FAQs
Will everyone eligible get the full $1,702 payment?
Yes; all applicants who meet residency and legal criteria receive the full amount (base + energy relief). Early or mid-year departures do not qualify.
What if I missed the March 31 deadline?
Applications submitted after March 31 will not be considered for the 2025 payment. You’ll need to wait until the next filing season.
Is the dividend taxable?
Yes, it’s considered taxable income by the IRS. Residents should report the $1,702 on their 2025 federal income tax return.