Every fall, Alaskans look forward to a unique payday — the Permanent Fund Dividend (PFD). It’s that time of year when residents get their share of the state’s oil wealth, and in October 2025, the payout is set at $1,702 per person. This year’s payment includes a standard amount of $1,403.83 plus a bonus of $298.17, bringing the total to $1,702. If you live in Alaska, here’s everything you need to know — from eligibility and application deadlines to payment dates and tax details.
What Is the Alaska Permanent Fund Dividend?
Created back in 1976, the Alaska Permanent Fund was designed to save and grow part of the state’s oil revenue for future generations. Managed by the Alaska Permanent Fund Corporation (APFC), the fund invests in a mix of assets such as stocks, bonds, and real estate. Each year, about 5% of the fund’s average earnings are paid out to residents who qualify — giving Alaskans a direct stake in the state’s natural resource wealth.
Overview of Key PFD Details
| Feature | 2025 Details |
|---|---|
| Total Payment | $1,702 (Standard + Bonus) |
| Standard Portion | $1,403.83 |
| Bonus Portion | $298.17 |
| Eligibility | Alaska resident since 2024, no major felonies |
| Application Deadline | April 30, 2025 |
| Payment Dates | September 30 – October 23, 2025 |
Who Qualifies for the 2025 PFD
To get the 2025 dividend, you’ll need to meet a few simple but important requirements:
- You must have been an Alaska resident for the entire year of 2024 and continue to live in the state.
- You can’t have been absent for more than 180 days, unless it was for approved reasons like medical care, education, or military service.
- You must apply between February 1 and April 30, 2025 — no late applications are accepted.
- You cannot have a felony conviction or certain misdemeanors during 2024.
Meeting these criteria ensures you’re eligible for the full payment without delays.
2025 PFD Payment Schedule
Payments go out in waves depending on when your application is processed and whether you received the PFD in previous years.
| Application Status | Payment Date |
|---|---|
| Residents with pending payments through 2024 | By September 30, 2025 |
| Applicants approved by September 18, 2025 | By October 2, 2025 |
| Applicants approved by October 13, 2025 | By October 23, 2025 |
This staggered schedule helps the Department of Revenue process thousands of applications efficiently.
How the $1,702 Is Calculated
The PFD amount changes every year depending on how well the fund performs. For 2025, here’s the breakdown:
| Component | Amount |
|---|---|
| Standard Dividend | $1,403.83 |
| Bonus Payment | $298.17 |
| Total Payout | $1,702 |
This payment gives a welcome boost to families across the state — helping with groceries, heating bills, or even holiday savings.
Keep Your Info Up to Date
One of the most common reasons for delayed payments is outdated contact or bank information. Before payments go out, double-check your details with the PFD Division. You can update your mailing address and banking info through your myAlaska account to make sure your funds arrive without a hitch.
How to Apply for the 2025 PFD
Applying is quick and easy — especially online.
- Visit pfd.alaska.gov and log in using your myAlaska credentials.
- Fill in your legal name, address, proof of residency, and bank account details.
- Upload digital copies of any required documents.
- Review everything carefully and submit before April 30, 2025.
Remember: late applications aren’t accepted, so mark that date on your calendar.
Common Mistakes That Cause Delays
To avoid headaches or missing out on your payment, make sure you:
- Submit before the deadline.
- Enter correct banking and personal details.
- Disclose any time spent outside Alaska.
- Attach valid residency documentation.
A few minutes of double-checking can save weeks of waiting.
Tax Information
The PFD counts as taxable income under federal law, meaning you’ll need to report it when filing your 2025 tax return. However, the State of Alaska does not tax this payment. Keeping track of your 1099 form from the PFD Division will make tax season much smoother.
Missed the Deadline?
If you miss the April 30 deadline, you’ll have to wait until next year to apply. Late applications aren’t accepted for any reason, so it’s best to submit early — even if you’re still waiting on a document.
For many Alaskans, the PFD isn’t just a check — it’s a reminder of the state’s resourceful spirit and the shared prosperity that comes from its natural wealth. Whether you use it for essentials, savings, or a little family fun, it’s a yearly benefit that continues to make life in the Last Frontier a little brighter.
FAQs
Q: Who qualifies for the 2025 PFD?
A: Alaska residents who maintained residency from 2024 through 2025 and have no major felony convictions.
Q: When will the $1,702 payment be made?
A: Payments will be issued between September 30 and October 23, 2025, depending on application approval.
Q: Is the PFD taxable?
A: Yes, it’s taxable federally but not by the State of Alaska.