Alaska residents will receive a $1,702 Permanent Fund Dividend (PFD) payment in February 2025. This payment, funded by the state’s oil revenues, helps residents cover living expenses and high energy costs.
This guide explains who qualifies for the PFD, how to apply, payment schedules, and tax implications to ensure you receive your funds without delays.
Key Details: $1,702 PFD Payment in February 2025
| Aspect | Details |
|---|---|
| Payment Amount | $1,702 per eligible resident |
| Payment Dates | – January 16, 2025: For applications marked “Eligible-Not Paid” by January 8, 2025 – February 20, 2025: For applications marked “Eligible-Not Paid” by February 12, 2025 – March 20, 2025: For applications marked “Eligible-Not Paid” by March 12, 2025 |
| Eligibility Criteria | – U.S. citizen or legal resident – Lived in Alaska for all of 2024 – Plans to remain an Alaska resident indefinitely – Did not claim residency in another state/country after December 31, 2023 |
| Application Period | January 1, 2025 – March 31, 2025 |
| Application Method | Online via myPFD portal or by submitting a paper application |
| Tax Implications | The entire PFD is taxable under federal income tax |
The Permanent Fund Dividend (PFD) program is a significant financial resource for Alaskans, helping with energy costs and daily expenses.
What Is the Permanent Fund Dividend (PFD)?
The Permanent Fund Dividend (PFD) is an annual payment distributed to eligible Alaska residents from the state’s oil revenues.
How Is the PFD Amount Determined?
Each year, the Alaska Permanent Fund Corporation (APFC) calculates the dividend based on a five-year average of investment earnings. The 2024 dividend was set at $1,702, including an energy relief payment to help residents cope with rising energy costs.
The PFD ensures Alaska’s natural resource wealth benefits residents, making it a vital financial support system.
Eligibility Requirements for the 2025 PFD
To receive the 2025 PFD, applicants must meet these residency and compliance requirements:
1. Residency
- Must have lived in Alaska for the entire 2024 calendar year.
- Must intend to remain an Alaska resident indefinitely.
2. Absences from Alaska
- Absences over 180 days in 2024 must be for approved reasons, such as:
- Military service
- Education
- Medical treatment
3. Legal & Compliance Criteria
- No felony convictions during 2024.
- No residency claims in another state or country since December 31, 2023.
For full eligibility details, visit the PFD official website.
How to Apply for the $1,702 PFD Payment
The application period runs from January 1, 2025, to March 31, 2025.
1. Apply Online (Recommended)
- Visit the myPFD portal.
- Log in or create an account.
- Complete the online application.
- Submit any required documents for verification.
2. Apply by Mail or In Person
- Download a paper application from the PFD website.
- Fill out the required information.
- Mail or drop it off at a PFD office.
Why Apply Online?
Applying online ensures faster processing and an easier way to track application status.
PFD Payment Schedule for 2025
PFD payments are distributed in phases, depending on when an application reaches “Eligible-Not Paid” status.
| Payment Date | Eligible-Not Paid Status Deadline |
|---|---|
| January 16, 2025 | January 8, 2025 |
| February 20, 2025 | February 12, 2025 |
| March 20, 2025 | March 12, 2025 |
How to Check Payment Status
- Log into the myPFD portal to track payment updates.
- Contact the PFD office if you experience delays.
Tax Implications of the $1,702 PFD
Is the PFD Taxable?
Yes, the entire PFD payment is considered taxable income under federal tax laws.
How to Report PFD on Taxes
- The Alaska Department of Revenue issues Form 1099-MISC to recipients.
- You must report the dividend amount when filing your federal tax return.
State Taxes
- Alaska does not have a state income tax, so no state tax applies to the PFD.
Practical Tips for Applicants
Apply Early – Early applications process faster, leading to earlier payments.
Keep Records – Save confirmation emails and documents for reference.
Check Application Status – Use the myPFD portal to track progress.
Understand Taxes – Plan for federal tax liabilities in advance.
Staying informed ensures a smooth application process and timely payment receipt.
The $1,702 PFD payment in February 2025 provides essential financial relief for Alaska residents. Understanding eligibility requirements, application steps, and tax obligations will help you receive your funds without delays.
For official updates and application details, visit the Alaska Permanent Fund Dividend website.
FAQ:
How do I apply for the PFD payment?
Apply online via myPFD or submit a paper application between January 1 and March 31, 2025.
When will I receive my PFD payment?
Payments are issued in January, February, and March 2025, based on eligibility status deadlines.
Is the PFD taxable?
Yes, the PFD is taxable income under federal tax laws and must be reported on your IRS tax return.
