The annual Alaska Permanent Fund Dividend (PFD) combined with a one-time Energy Relief Payment totals $1,702 in 2024
Alaska residents received a combined payout of $1,702 in 2024, which includes $1,403.83 from the Permanent Fund Dividend and an additional $298.17 as an Energy Relief Payment to help cover high energy expenses.
This annual benefit reflects Alaska’s approach to sharing oil and gas revenue with its residents, combining elements of basic income with economic relief.
Payment Timeline for 2025
Below is the schedule for PFD payments in 2025, depending on your eligibility status date:
| Application Status Date | Payment Date |
|---|---|
| Eligible‑Not‑Paid by Apr 9 | April 17, 2025 |
| Eligible‑Not‑Paid by May 7 | May 15, 2025 |
| Eligible‑Not‑Paid by Jun 11 | June 18, 2025 |
| Eligible‑Not‑Paid by Jul 9 | July 17, 2025 |
| Eligible‑Not‑Paid by Aug 13 | August 21, 2025 |
For first-time applicants in 2025, the application must be submitted online by March 31 or postmarked by April 1. Additionally, they must reach the “Eligible‑Not‑Paid” status by June 11 to receive the June 18 payout.
Who Qualifies
To qualify for the full $1,702 payment in June 2025, applicants must satisfy the following conditions:
- Must have lived in Alaska full-time during 2024 and plan to stay permanently
- Must have been physically present in Alaska for at least 72 consecutive hours within the past two years
- Must not have taken any action that suggests residency elsewhere, such as holding an out-of-state driver’s license or voting in another state
- Must not have been convicted of a felony or incarcerated for a felony during 2024; misdemeanors are subject to separate rules
- Must apply online by March 31, 2025, or mail a paper application postmarked by April 1
IRS Rules & Taxation
The full $1,702 is considered taxable income at the federal level and must be declared on IRS Form 1040, Schedule 1, line 8g. In January 2026, recipients will receive Form 1099‑MISC showing the entire amount received.
If your IRS information doesn’t match, a 24% backup withholding will apply until the issue is resolved. Alaska does not have a state income tax, so no state tax applies.
Upcoming Legislation & Future Outlook
Legislators have introduced House Bill 209, which would limit future PFD payments to $1,000 and set income limits—$50,000 for single filers and $100,000 for joint filers.
Though no changes have been finalized yet, financial constraints in the state budget may result in reduced payments in the coming years. Staying informed on these proposals is important for future planning.
How to Apply & Track Your Status
Apply online at myPFD.alaska.gov by March 31, 2025. Make sure your direct deposit details and mailing address are up to date. You can monitor your application’s progress and see if you are marked as “Eligible‑Not‑Paid” through the online portal.
Confirm that your personal details match IRS records to avoid the 24% backup withholding. Form 1099‑MISC will arrive in January 2026 for tax reporting.
The $1,702 Alaska PFD in June 2025 offers meaningful support to residents facing high living costs
This dividend offers much-needed financial assistance to Alaskans dealing with rising expenses. To receive your payment without delay, ensure your application is submitted before the March 31 or August 13 deadlines (for previous years).
Monitor your eligibility status in the myPFD system and report the payment on your 2025 federal tax return. With legislative changes under consideration, keeping current with updates and maintaining eligibility is crucial. This benefit represents Alaska’s unique approach to sharing resource wealth—make sure to use it wisely for your financial wellbeing.
FAQs
Why is it $1,702 this year?
It’s a combination of the $1,403.83 Permanent Fund Dividend and a $298.17 Energy Relief Payment.
What if my info doesn’t match IRS records?
You could face 24% backup withholding until your personal data is corrected with the IRS.
Could future checks be smaller than $1,702?
Yes, pending legislation proposes capping future payments at $1,000 and tying eligibility to income thresholds.
William is a passionate finance blog writer with a knack for simplifying complex financial topics. With years of experience in personal finance, investing, and budgeting, he helps readers make smarter money decisions through practical advice and clear, engaging content. When he's not writing, William enjoys tracking market trends and exploring new ways to build financial freedom.