Every year, thousands of Alaskans look forward to one of the most distinctive perks of living in the Last Frontier: the Permanent Fund Dividend (PFD). In 2025, the expected payout is $1,702 per eligible resident, continuing the model of combining a base dividend with an energy relief bonus. While the final amount may still adjust based on oil revenues and state budgeting, the current estimate remains consistent with recent years.
This annual dividend is more than just a windfall—it reflects a long-standing policy that shares Alaska’s oil wealth with its residents, reinforcing the state’s unique approach to resource management and fiscal independence.
What Is the Alaska Permanent Fund Dividend?
Created in 1976, the Alaska Permanent Fund was established to preserve a portion of the state’s oil revenue for future generations. Managed by the Alaska Permanent Fund Corporation (APFC), the fund is invested across global markets, including equities, real estate, and bonds.
Each year, a portion of the fund’s earnings—typically around 5%—is distributed directly to residents in the form of a PFD. In 2025, that includes:
- Base Dividend: $1,403.83
- Energy Relief Bonus: $298.17
- Total (Projected): $1,702
Overview of the 2025 PFD
| Key Detail | Information |
|---|---|
| Expected PFD Amount | $1,702 (including $298.17 energy bonus) |
| Eligibility | Alaska residency, no felony/multiple misdemeanors |
| Application Period | February – April 2025 |
| First Payment Date | May 5, 2025 |
| Application Methods | Online or paper (via pfd.alaska.gov) |
| Tax Status | Taxable by IRS, not taxed by Alaska |
Who Qualifies for the 2025 PFD?
To receive the 2025 dividend, residents must meet several key criteria:
- Lived in Alaska for all of 2024
- Intend to remain in Alaska permanently
- Were physically present in Alaska for at least 72 consecutive hours in 2023 or 2024
- Had no unqualified absences exceeding 180 days, unless for military, education, or medical reasons
- No felony convictions or multiple misdemeanors in 2024
Each applicant—including children—must submit a separate application. Even minor missteps, like obtaining a driver’s license in another state, could disqualify you.
2025 PFD Payment Schedule
Payments are issued in batches, based on when applications are deemed eligible. Below is the projected schedule:
| Status Confirmed By | Payment Date |
|---|---|
| April 9, 2025 | April 17, 2025 |
| May 7, 2025 | May 15, 2025 |
| June 11, 2025 | June 18, 2025 |
Applications marked “Eligible – Not Paid” by these check dates will receive payments accordingly.
How to Apply for the PFD
To ensure your application is successful, follow these steps:
- Visit pfd.alaska.gov
- Sign in or create a myAlaska account
- Complete the application and upload required documents
- Verify banking, mailing, and residency details
- Submit before the April 2025 deadline
Important: Late applications are not accepted, no exceptions.
Common Mistakes to Avoid
Even small errors can jeopardize your eligibility. Keep an eye out for:
- Submitting after the deadline
- Incorrect direct deposit or mailing info
- Not reporting extended absences
- Missing documentation proving residency
- Criminal convictions that disqualify participation
Double-check your application and maintain accurate personal records with the state.
Tax Implications
While Alaska does not tax your PFD, the IRS considers it taxable income. Be prepared to:
- Report it as “Other Income” on your 2025 federal tax return
- Possibly adjust your withholding or estimated payments
- If your child receives a dividend, it may fall under “kiddie tax” rules, which could affect your household’s tax filing
Don’t Miss Out
Missing the PFD deadline can mean losing out on over $1,700 per person. Here’s how to stay on track:
- Confirm eligibility early
- Apply as soon as the window opens
- Keep your mailing and bank details current
- Retain proof of Alaska residency and related documentation
The PFD isn’t just a yearly bonus—it’s a shared dividend from the state’s oil wealth and an annual financial boost that helps many Alaskans with essentials, savings, or seasonal expenses.
FAQs
Is the PFD guaranteed every year?
No. While the program has a long history, the amount and structure are subject to legislative and budgetary changes.
What if I move out of Alaska after applying?
Moving out before receiving the payment may disqualify you, depending on your situation. You must intend to remain a permanent resident.
Can I apply if I was out of state for work or school?
Possibly. Qualified absences (military, education, medical) may be allowed, but documentation is required.