Alaska’s Permanent Fund Dividend (PFD) continues to be a financial lifeline for many residents, and in 2025, it’s offering even more support. The state will distribute $1,702 to each eligible Alaskan—split into two payments in May and October. Funded by oil revenues and managed through long-term investments, the PFD reflects Alaska’s effort to share its natural resource wealth directly with its people.
Let’s break down how the PFD works in 2025, who qualifies, how to apply, and what to expect.
Table of Contents
What Is the Alaska Permanent Fund?
The Alaska Permanent Fund was established in 1976 to preserve a portion of the state’s oil revenue for future generations. The fund is managed by the Alaska Permanent Fund Corporation (APFC), which invests the money across a diversified portfolio including stocks, bonds, real estate, and private equity. Over the years, this investment strategy has grown the fund into a multi-billion-dollar asset.
Each year, a portion of the earnings is returned to residents in the form of the Permanent Fund Dividend.
2025 PFD Amount and Payment Schedule
In 2025, eligible residents will receive a total of $1,702, which includes a $298.17 energy relief bonus. The amount is based on the fund’s performance in 2024.
Payment Schedule:
| Application Status | Payment Month |
|---|---|
| Eligible – Not Paid by April | May 2025 |
| Eligible – Not Paid by September | October 2025 |
Payments are issued in two main rounds, and the exact timing depends on when your application is processed and approved.
Who Qualifies for the PFD in 2025
To receive the 2025 PFD, you must meet the following requirements:
- Be an Alaska resident for the entire calendar year of 2024
- Plan to remain a resident indefinitely
- Not claim residency in another state or country
- Not be convicted of certain felonies or incarcerated
- Be physically present in Alaska for at least 72 consecutive hours during 2024 (with some exceptions)
⚠️ Important: If you hold a driver’s license or REAL ID from another state, your residency could be questioned, possibly disqualifying your application.
How to Apply
Applying for the PFD is a straightforward online process. You’ll need to:
- Visit pfd.alaska.gov
- Log in or create a myAlaska account
- Complete and submit the application
- Double-check all your details for accuracy
Key Deadline:
- Application closes in April 2025
- No late submissions are accepted—no exceptions
Common Application Mistakes to Avoid
Simple errors can delay your payment or get your application denied. Be sure to:
- Use your legal name as it appears on official documents
- Enter the correct Social Security number
- Ensure your address and residency details are up to date
- Verify all attachments, like ID or proof of residency, are uploaded correctly
Every detail matters—don’t rush your application.
Is the PFD Taxable?
Yes, the IRS treats the PFD as taxable income. Even though Alaska doesn’t tax the payment at the state level, you must report it on your federal return. This could affect your taxable income, especially if you’re receiving multiple sources of income.
If you’re unsure how this impacts your taxes, consult a tax professional early to avoid surprises during filing season.
What Happens If You Miss the Deadline?
Unfortunately, Alaska does not allow late applications. If you miss the April 2025 deadline, your only option is to wait for the 2026 PFD application window.
The Alaska PFD remains one of the most unique economic programs in the U.S., giving residents a direct share of the state’s resource wealth. In 2025, with the $1,702 payout, it’s once again proving to be a meaningful supplement to household income—especially with rising costs nationwide.
FAQs
How much is the 2025 PFD?
The 2025 dividend is $1,702 per person, which includes a $298.17 energy bonus.
When will I receive my PFD?
Payments are distributed in May or October 2025, depending on when your application is approved.
Can I apply late if I miss the April deadline?
No, Alaska does not accept late applications under any circumstances.
Do I have to pay taxes on the PFD?
Yes, the IRS requires that the PFD be reported as income on your federal tax return.
What disqualifies someone from receiving the PFD?
Disqualifiers include claiming residency in another state, certain felony convictions, or not meeting physical presence requirements.
