Alaska’s Permanent Fund Dividend (PFD) is a key financial incentive that shares the state’s natural resource profits with its residents. Established in 1976, the fund ensures oil and gas revenues are distributed fairly, providing an annual source of income. The PFD program promotes local spending and investment, offering significant support to Alaskan families and individuals.
For 2025, eligible Alaska residents can expectd payments tied to the state’s robust management of its oil revenues. Here’s everything you need to know about how the PFD works, eligibility requirements, and important deadlines.
Details about Alaska’s pfd payments
- Payout amounts: Eligible residents received $1,312 in 2024, with the amount increasing to $1,702 for around 600,000 beneficiaries.
- Purpose of the PFD: Distributes a share of Alaska’s natural resource earnings to its residents, managed by the Alaska Permanent Fund Corporation.
- Payment methods: Payments are primarily made via direct deposit, with checks available for those who prefer them.
When are pfd payments distributed?
PFD payments are typically distributed in October. The last payment in 2024 was issued on October 26, with direct deposits being the most common method due to their speed and convenience. If you haven’t received your payment, you should contact the Department of Revenue to verify your status. Applications marked as “Eligible-Unpaid” are processed according to guidelines on the official PFD website.
Who qualifies for the $1,312 stimulus payment?
To be eligible for the PFD, applicants must meet several residency and behavioral requirements:
- Residency status:
- Be a registered Alaska resident for at least 12 consecutive months.
- Intend to remain in the state and not apply for residency elsewhere.
- Presence in Alaska:
- Have spent a minimum of 72 continuous hours within the state in the last 24 months.
- Legal qualifications:
- Must not have been incarcerated for a felony or specific misdemeanors as outlined by PFD guidelines.
How to apply for Alaska’s pfd
Applications for the PFD open annually from January 1 to March 31. They can be submitted online or by mail. Each household member must complete a separate application, including children. For instance, a family of four must submit four individual applications.
Staying informed about the PFD program is crucial for maximizing the financial benefits it offers. Alaska residents are encouraged to check updates from the Department of Revenue and plan their applications carefully to avoid missing deadlines or eligibility criteria.
