Alaska residents eagerly awaiting their annual Permanent Fund Dividend (PFD) payment will receive $1,702 on March 20, 2025. This payout is part of the state’s longstanding program that distributes oil and gas revenues to its citizens. If you’re eligible, you could see this money hit your account soon!
What is the Alaska Permanent Fund Dividend (PFD)?
The Alaska Permanent Fund was created in 1976 to ensure that a portion of the state’s oil and gas earnings benefits residents directly. Every year, eligible Alaskans receive a cash payment, which many use for essential expenses like housing, utilities, education, and healthcare.
Who Qualifies for the $1,702 Payment?
To receive the 2025 PFD, applicants must meet certain requirements:
- Be a Legal Resident of Alaska: You must have lived in Alaska for at least a year before applying and intend to stay.
- Not Have a Criminal Record: Individuals who have been incarcerated for a felony or have multiple misdemeanors in the past year may not qualify.
- Not Be Absent for Too Long: If you were outside Alaska for more than 180 days in 2024, you may be ineligible unless it was for approved reasons like military service or education.
How to Apply for the PFD
Applying for the PFD is simple. You can apply online through the official Alaska PFD website or submit a paper application by mail. The application period runs from January 1 to March 31, 2025. If you haven’t applied yet, don’t wait—missing the deadline could mean missing out on the money!
Key Dates to Remember
- Application Deadline: March 31, 2025
- Eligibility Verification Cutoff: March 12, 2025
- Payment Date: March 20, 2025
If your application is marked “Eligible-Not Paid” by March 12, you will receive your payment on March 20. Those who miss this deadline may have to wait for a later payment cycle.
Why This Payment Matters
For many Alaskans, the PFD provides essential financial relief. Some use it to cover rent and mortgage payments, while others use it for food, medical bills, or savings. The extra cash can be a big help, especially as living costs continue to rise.
Final Thoughts
If you’re eligible for the $1,702 PFD payment, be sure to apply before March 31 and check your eligibility status. With the payment date set for March 20, 2025, thousands of Alaskans will soon receive a financial boost!
