Every year, Alaskans eagerly anticipate the release of the Permanent Fund Dividend (PFD)—a unique form of economic support funded by the state’s oil revenues. For 2025, the payout has officially been set at $1,702 per eligible resident. Though often seen as a bonus, the PFD is a product of Alaska’s long-term commitment to sharing natural resource wealth with its people.
Here’s what you need to know about the $1,702 stimulus check, who qualifies, how to apply, and when to expect the money.
$1,702 Stimulus Checks: What Is the Alaska PFD?
Established by a constitutional amendment in 1976, the Alaska Permanent Fund was created to invest a portion of the state’s oil production revenues for future generations. Each year, a portion of the fund’s earnings—typically about 5% of its five-year average value—is divided between state services and the PFD.
The Alaska Permanent Fund Corporation (APFC) oversees the fund, ensuring it remains sustainable while continuing to pay out dividends to residents. For 2025, that dividend is $1,702 per person, representing a stable return from the fund’s long-term investments.
Alaska PFD 2025 Overview
| Program | Alaska Permanent Fund Dividend (PFD) |
|---|---|
| Administered By | Alaska Department of Revenue |
| Amount | $1,702 |
| Eligibility | Full-year Alaska residency (2023) |
| Application Window | February 1 – March 31, 2025 |
| Payout Month | June 2025 (Expected) |
| Distribution Methods | Direct deposit or mailed check |
| Website | pfd.alaska.gov |
Who Is Eligible for the $1,702 Alaska PFD?
To receive the 2025 PFD, applicants must meet specific residency and conduct requirements:
- Residency: You must have lived in Alaska for all of 2023 (January 1–December 31) and plan to remain a resident indefinitely.
- Allowable Absences: Certain absences (e.g., military duty, medical treatment, or attending school) won’t disqualify you, as long as they are temporary and properly documented.
- Criminal History: If you were incarcerated for most of the year or convicted of a felony, your eligibility may be affected. These details are verified using public records.
How to Apply for the $1,702 Stimulus Check in 2025
The application period is limited—February 1 through March 31, 2025, with no extensions allowed. You must apply within this time frame to qualify for the payout.
Application Methods:
- Online: The most efficient way is through the official PFD portal.
- Paper Application: Available upon request, though processing times are longer.
Be sure to verify all personal and banking details before submission. Mistakes or missing documentation are common causes of disqualification or delay.
Payment Methods and Timeline
- Direct Deposit: The fastest way to receive funds. Payments usually arrive within the first week of release in June.
- Paper Checks: May take a few additional weeks, especially if your mailing address is outdated.
Tips to Speed Up Payment:
- Update your bank account info on file with the state before the deadline.
- Confirm your mailing address if opting for a physical check.
Is the Alaska PFD Taxable?
While Alaska does not tax residents on their PFD income, the Internal Revenue Service (IRS) does. Your $1,702 must be reported as income on your federal tax return. It may slightly affect your tax liability or refund amount, depending on your total earnings.
Latest Updates
- The official amount for the 2025 dividend is now confirmed at $1,702.
- Payments will be distributed starting in June 2025, with earlier delivery for direct deposit users.
- The deadline to apply is March 31, 2025—no exceptions or extensions will be granted.
Failing to apply on time means forfeiting the dividend for the year, so mark your calendar and submit your application early.
FAQs:
When is the deadline to apply for the 2025 PFD?
You must apply between February 1 and March 31, 2025.
Who is eligible for the PFD?
Residents who lived in Alaska all of 2023, plan to stay indefinitely, and meet the legal requirements.
How much is the 2025 PFD?
The confirmed amount is $1,702 per eligible person.
