Good news for Alaska residents! The state’s annual Permanent Fund Dividend (PFD) is rolling out, with eligible individuals set to receive $1,702 in direct deposits. The Alaska Department of Revenue has confirmed that payments will begin on October 3, 2025, for those who opted for direct deposit, while paper checks will be mailed later in the month.
What is the Permanent Fund Dividend (PFD)?
The PFD program was established in 1976 to share the state’s oil revenue with residents. Every year, Alaskans receive a portion of the fund’s earnings, and the amount varies based on state revenue, investment returns, and legislative decisions. This year’s dividend is set at $1,702 per eligible applicant.
Who Qualifies for the $1,702 Payment?
To be eligible for the 2025 PFD, you must meet these requirements:
- Residency: You must have lived in Alaska for all of 2024 and intend to stay indefinitely.
- Time Away from Alaska: You cannot have been out of the state for more than 180 days in 2024 unless for specific reasons like military service, education, or medical treatment.
- Criminal Record: If you were convicted of a felony or jailed due to a felony, you may not qualify.
- Application Deadline: You must have applied between January 1 and March 31, 2025.
If you met these conditions and submitted your application on time, you should be receiving your payout soon.
How to Apply for Next Year’s PFD
If you missed this year’s application, you can prepare for next year’s payout. The process is simple:
- Apply Online: The fastest and easiest way is through the official PFD website (pfd.alaska.gov). Online applicants receive immediate confirmation and faster processing.
- Apply by Mail: Paper applications can be downloaded from the website or picked up at designated centers. Be sure to mail them before the deadline.
The application period for the 2026 PFD will open on January 1, 2026, and close on March 31, 2026.
How Will You Receive Your Payment?
- Direct deposit recipients will see the money in their bank accounts starting October 3, 2025.
- Paper checks will be mailed later in October.
If you’re receiving direct deposit, make sure your bank details are correct to avoid any delays. You can check your application and payment status through the “myPFD” portal on the PFD website.
Is the PFD Taxable?
Yes! The PFD is considered taxable income by the IRS. In January 2026, recipients will receive a 1099-MISC form from the Alaska Department of Revenue to report the income on their federal tax returns. However, since Alaska has no state income tax, there are no state taxes to worry about.
How the PFD Impacts Alaskans
For many households, the PFD provides essential financial relief, helping cover expenses like rent, groceries, and bills. It also boosts local businesses, as many residents spend their dividends within the community.
Final Thoughts
The PFD is an important part of Alaska’s economy and a major help for many families. If you qualified and applied on time, you can expect to see $1,702 in your account soon. Keep an eye on your bank statement or mailbox, and if you have any issues, check the PFD website for updates.
For those who missed out this year, don’t worry—you can apply for next year’s payout starting in January 2026. Make sure to mark your calendar and submit your application before the deadline!
