Alaska residents might soon find $1,702 in their bank accounts! The state’s 2025 Permanent Fund Dividend (PFD) program is set to send out this cash to help families cover everyday costs. Funded by Alaska’s oil wealth, this unique program shares profits with nearly every resident. With payments expected to roll out in June 2025, people are buzzing about who qualifies and when the money will arrive. Here’s everything you need to know about this exciting payout.
A Program That Shares Alaska’s Wealth
Since 1976, Alaska has run the Permanent Fund Dividend, a one-of-a-kind program that gives residents a share of the state’s oil money. The Alaska Permanent Fund Corporation invests oil revenue in stocks, bonds, and real estate, growing a massive fund worth billions. Each year, a portion of the fund’s earnings is split among eligible residents. In 2025, the payment is expected to be $1,702 per person, a boost from 2024’s $1,312, thanks to strong oil revenues and state surplus funds.
Who Can Get the $1,702 Payment?
Not everyone in Alaska automatically gets the check. To qualify for the 2025 PFD, you need to meet a few rules. These ensure the money goes to long-term residents who plan to stay in the state. Missing the application deadline or failing to meet these requirements can mean no payment, so it’s important to prepare early. Here are the key details:
- Live in Alaska for all of 2024.
- Plan to stay in Alaska permanently.
- Not be in prison for a felony in the last 12 months.
- Apply between January 1 and March 31, 2025, at pfd.alaska.gov or by mail.
- Deadline is April 1, 2025—no late applications accepted.
| Requirement | Details |
|---|---|
| Residency | Lived in Alaska all of 2024 |
| Intent | Plan to stay permanently |
| Criminal Record | No felony imprisonment in last 12 months |
| Application Period | January 1 – March 31, 2025 |
| Deadline | April 1, 2025 |
When Will the Money Arrive?
The 2025 PFD payments are expected to start in June, with most residents getting their $1,702 by direct deposit or check. The exact schedule depends on when you apply and how you choose to receive the money. Direct deposits typically arrive faster, often by mid-June, while paper checks may take a few weeks longer. To avoid delays, double-check your application for errors and submit it early. The state processes over 600,000 applications, so getting yours in on time is key.
Watch Out for Taxes
While Alaska doesn’t tax PFD payments, the federal government does. The $1,702 counts as taxable income, so you’ll need to report it on your 2025 federal tax return. For families with multiple eligible members—like kids or spouses—the tax bill can add up. Experts suggest setting aside part of the payment to cover taxes, especially if you expect to owe more at tax time. Planning ahead can prevent a surprise bill from the IRS.
Why This Matters to Alaskans
The $1,702 payment is a big deal for Alaska families, helping cover groceries, bills, or even a winter heating boost. In 2024, the PFD included an extra $298.17 energy assistance bonus, and while 2025’s final amount isn’t confirmed, experts expect similar support due to Alaska’s stable economy. Beyond helping households, the PFD pumps money into local businesses, giving the state’s economy a lift. With applications opening soon, now’s the time to get ready for your share of Alaska’s oil wealth
