- $1,702 Relief Payment for Alaskans The state of Alaska is giving eligible residents a payment of $1,702 in 2025 under the Permanent Fund Dividend (PFD) scheme to support them during inflation and tough economic times.
- What is the PFD? The PFD was launched in 1976 to share profits from Alaska’s oil and natural resources with all residents. The money comes from investments made by the Alaska Permanent Fund Corporation (APFC).
- Two-Part Payment Breakdown The total amount of $1,702 includes:
- – $1,403.83 as the regular dividend
- – $298.17 as a special energy relief bonus
- This helps individuals and families, especially during high winter energy bills.
- Payment Dates in July 2025 Payments are being sent in July based on approval dates:
- – Approved by July 9: Paid July 17
- – Approved by July 16: Paid July 24
- – Approved by July 23: Paid July 31
- Who is Eligible? To qualify, you must:
- – Have lived in Alaska for all of 2024
- – Spent at least 72 hours in Alaska in 2023 or 2024
- – Not have serious criminal records
- – Provide valid reasons for being out of state (if any)
- How to Apply Online Residents applied by April 2025 on the pfd.alaska.gov website using a myAlaska account. Applications required personal info, bank details, and proof of residency or valid absences.
- Avoid Common Mistakes Applicants should avoid:
- – Missing deadlines
- – Giving wrong bank details
- – Uploading incomplete documents
- – Hiding travel or residence history
- Federal Tax May Apply Although Alaska doesn’t tax the PFD amount, the IRS considers it taxable income. You may need to include it while filing your 2025 federal tax return.
- Missed the Deadline? Late applications are not accepted. If you missed applying in April 2025, you’ll have to wait until 2026 to apply again.
Final Advice
The PFD is not just financial help—it’s a sign that Alaska values its citizens. Make sure to apply correctly and on time to receive your full $1,702 benefit.
