Claim Your $1,702 Stimulus Today (21 August) – Full Payout Details Inside!

The beginning of the year 2025 has brought another big good news for thousands of residents of the US state of Alaska. Under the Permanent Fund Dividend (PFD) program announced by the state government, eligible citizens will be given a stimulus of \$1,702 this year. This amount is given to the citizens in two installments—the first in May and the second in October. The objective of this scheme is to directly benefit the citizens from the natural resources of Alaska, especially the income from oil.

What is Alaska Permanent Fund Dividend?

In the year 1976, the Government of Alaska started the Permanent Fund. Its main purpose was to keep a part of the income from oil safe for future generations. This fund is managed by Alaska Permanent Fund Corporation (APFC). This institution invests the income from oil in investments like shares, bonds and real estate.

Every year about 5% of the income of this fund is distributed among eligible citizens. This amount is called Permanent Fund Dividend, which is transferred directly to the bank account of the citizens.

Details of the amount to be received in 2025

This year i.e. in 2025, the estimated PFD amount to be received has been fixed at \$1,702. It consists of two components:

• \$1,403.83 – Basic Dividend Amount
• \$298.17 – Energy Assistance Bonus (approved by the state legislature)

Although this amount depends on the state’s economic situation and oil revenue performance, this is the estimated amount for 2025.

2025 PFD – Key details at a glance

• Estimated Amount: $1,702
• Eligibility: Alaska resident, no felony conviction, timely application
• Application Period: February 1 to March 31, 2025
• Estimated Payment Date: July 17, 2025
• Application Method: Online or paper form (available at pfd.alaska.gov)
• Tax Status: This amount is considered taxable by the IRS, but the state of Alaska does not tax it.

Payment Dates – 2025

PFD payments will be made on the following dates:

• May 15 – if application is in “Eligible – Not Paid” status by May 7.
• June 18 – if eligibility is determined by June 11.
• July 17 – If eligibility is determined by July 9.
• August 21 – If eligibility is determined by August 13.

In addition, pending applications from previous years will also be paid on these dates.

Who is eligible for PFD?

Some of the key criteria for determining eligibility for 2025 are as follows:

1. The applicant shall have lived in Alaska during 2024, and be willing to stay there.
2. In 2023 or 2024, must have been physically present in Alaska at least 72 complete hours.
3. In case he is out of Alaska above 180 days, then there must be a valid reason of its stay (like military service, studies, medical treatment, etc.).
4. May not be affected by any serious crime or forbidden offense in 2024.
5. Applications are to be sent between February 1 and March 31, 2025.
6. Each individual- including children- has to apply separately

Special caution: If you have a REAL ID Driver’s License from another state, it may affect your eligibility.

Application process – easy and digital

The application process for the 2025 PFD is extremely simple:

1. Visit the pfd.alaska.gov website.
2. Create or login to a myAlaska account.
3. Fill in personal information, residence details and bank details.
4. Upload required documents if you have been out of Alaska for a long period of time.
5. Submit the application before the deadline (March 31, 2025).

Avoid common mistakes

Many times people’s applications get rejected or receive payment late despite being eligible. It is important to avoid these mistakes:

• Do not apply after the prescribed deadline.
• There should be no mistake in bank details or mailing address.
• Do not hide information about living outside Alaska.
• Documents related to residence should be complete and correct.

Important information related to tax

Although the state of Alaska does not levy tax on this amount, the US IRS (Internal Revenue Service) considers it Taxable Income. Therefore:

• Make sure to show this amount in the 2025 tax return.
• To avoid tax bill, it would be better to adjust Withholding or Estimated Tax in advance.

What if you do not apply on time?

If you do not apply on time, then no matter how eligible you are, you will not get PFD for 2025. There is no grace period in this. That is, once the deadline is over, you will have to wait till the next time i.e. 2026.

Conclusion

The Alaska Permanent Fund Dividend 2025 is a unique opportunity for the citizens of the state to receive direct benefits from natural resources. This year’s estimated payment of \$1,702 not only provides economic assistance but is also a symbol of trust between citizens and the state government.

If you want to take advantage of this scheme:

Check.

• Apply on time between 1 February to 31 March 2025.
• Fill in your bank details and documents correctly.

This scheme is a great opportunity for Alaska residents, which should not be missed under any circumstances.

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