As April 2025 approaches, two significant financial relief programs are available to eligible Americans: Alaska’s Permanent Fund Dividend (PFD) and the IRS Recovery Rebate Credit. Understanding the eligibility criteria and application processes for these programs is essential to secure the financial support you may be entitled to.
Alaska Permanent Fund Dividend (PFD) – $1,702
The Alaska PFD is an annual payment to residents, funded by the state’s oil revenues. For 2025, the dividend amount is set at $1,702.
Eligibility Criteria:
To qualify for the 2025 PFD, applicants must:
- Residency: Have been a resident of Alaska for the entire calendar year of 2024 and intend to remain indefinitely.
- Absences: Not have been absent from Alaska for more than 180 days during 2024 unless for allowable reasons such as military service or education.
- Legal Compliance: Not have been convicted of a felony or incarcerated during 2024.
Application Process:
- Deadline: March 31, 2025, at 11:59 PM Alaska time.
- How to Apply: Applications can be submitted online via the PFD website or by mailing a paper application postmarked by March 31.
It’s crucial to apply promptly, as late applications are not accepted. The PFD offices will be open on March 31, despite it being Seward’s Day, to assist applicants.
IRS Recovery Rebate Credit – Up to $1,400
The IRS Recovery Rebate Credit allows individuals who missed the third Economic Impact Payment in 2021 to claim up to $1,400.
Eligibility Criteria:
- Non-Receipt: Did not receive the full third Economic Impact Payment in 2021.
- Income Limits: Adjusted gross income up to $75,000 for single filers and $150,000 for married couples filing jointly.
- Citizenship: Must be a U.S. citizen or resident alien in 2021.
Application Process:
- Deadline: File your 2021 federal tax return by April 15, 2025.
- How to Apply: Even if you don’t typically file taxes, submit a 2021 tax return and claim the Recovery Rebate Credit on line 30 of Form 1040 or 1040-SR.
For detailed instructions and to access IRS Free File options, visit the IRS website.
Summary Table
| Program | Payment Amount | Application Deadline | Eligibility Highlights | Application Method |
|---|---|---|---|---|
| Alaska Permanent Fund Dividend | $1,702 | March 31, 2025 | Alaska residency throughout 2024, limited absences, no felony convictions or incarceration in 2024 | PFD Application Portal |
| IRS Recovery Rebate Credit | Up to $1,400 | April 15, 2025 | U.S. citizen or resident alien, income up to $75,000 (single) or $150,000 (married), missed third stimulus payment in 2021 | IRS Free File |
These financial relief programs offer substantial support during uncertain economic times. Ensure you meet the eligibility criteria and adhere to application deadlines to benefit from these opportunities. Act now to secure the assistance available to you.
FAQs
Can I apply for the Alaska PFD if I moved to Alaska in 2024?
No, you must have been a resident for the entire calendar year of 2024 to be eligible for the 2025 PFD.
Can I apply for the Alaska PFD if I moved to Alaska in 2024?
No, you must have been a resident for the entire calendar year of 2024 to be eligible for the 2025 PFD.
