Alaska’s Permanent Fund Dividend (PFD) program distributes state oil revenue to eligible residents every year. In 2024, each qualified Alaskan received $1,702 stimulus payment—a combination of the regular dividend and a listed energy-assistance bonus. As summer unfolds, June 2025 brings the final PFD installment for those with pending applications, a welcome financial boost for households across the state.
The $1,702 stimulus payment reflects Alaska’s ongoing efforts to share natural resource wealth with its citizens. Residents who applied on time and met the requirements will receive their funds during specific payout windows in May and June. This schedule ensures that eligible individuals receive their full dividend without delay.
$1,702 Stimulus Payment
The $1,702 stimulus payment represents the 2024 Alaska Permanent Fund Dividend (PFD), which includes a regular dividend of $1,403.83 and an additional energy relief bonus of $298.17. This payout reflects Alaska’s commitment to sharing its oil revenue with residents and offering support against the rising cost of living. The energy bonus was approved by the state legislature as part of a one-time effort to assist households facing increased utility and fuel expenses. Together, these amounts form a substantial financial aid package for eligible Alaskans. The final round of payments is scheduled for June 2025 and will be issued to residents whose applications were in an “Eligible–Not Paid” status as of June 11, 2025. These payments are directly deposited for faster access and are considered taxable income at the federal level. For many households, the PFD acts as a crucial annual benefit that helps with essentials like food, housing, and heating.
Overview Table
| Item | Details |
| Total PFD Amount | $1,702 (including energy bonus) |
| Application Window | February 1 – April 2025 |
| May Payout | May 5 for applications filed and marked eligible by May 7 |
| June Payout | June 18 for applications eligible by June 11 |
| Residency Requirement | Must have lived in Alaska throughout 2024 and intend to remain |
| Physical Presence | At least 72 consecutive hours in 2023 or 2024 (exceptions apply) |
| Felony Restrictions | No major felonies or multiple misdemeanours in 2024 |
| Tax Implications | Taxable at the federal level, not by state |
What Is the Alaska PFD?
Established in 1976, Alaska’s Permanent Fund stores a portion of annual oil revenues in an investment portfolio. Each year, roughly 5 % of returns go back to residents in the form of a PFD. Through this program, the state shares its resource wealth directly with citizens. In 2024, the payout included a $298 bonus to assist with energy costs—bringing the total to $1,702.
Eligibility Requirements
To qualify for this program, you must have maintained Alaska residency throughout 2024 and plan to stay in the state. Applicants must also show a physical presence of at least 72 continuous hours during 2023 or 2024—unless absences are due to eligible reasons like military service or medical treatment. Individuals with significant convictions, such as felony or repeated misdemeanours in 2024, are not eligible.
Every Alaskan, including minors, must submit a PFD application—either online via pfd.alaska.gov or using paper forms—by the April deadline. Late applications are not accepted under any circumstances.
Payment Schedule: May and June 2025
Participants with pending but eligible applications received payments on:
- May 5: For those with “Eligible–Not Paid” status by May 7.
- June 18: For applications still eligible and unpaid by June 11.
These dates complete the 2024 PFD cycle, ensuring that anyone who filed correctly by April receives their full amount, including late filers who missed earlier payouts.
How to Apply for the 2025 PFD
Steps to apply easily:
- Visit pfd.alaska.gov and log in or create a myAlaska account.
- Complete the application, providing proof of residency and banking details.
- If you were temporarily away due to valid reasons, upload supporting documents.
- Submit your application on time—late applications will be rejected.
Making sure your information is accurate—including your bank account—helps avoid delays or missed payout dates.
Common Application Mistakes
Even small errors can impact payment timing. Make sure you:
- Apply before the April deadline.
- Use current, correct bank and mailing information.
- Disclose any out-of-state absences with valid proof.
- Avoid using a REAL ID driver’s licence from another state, which can affect eligibility.
By double-checking these items before submitting, you can prevent unnecessary delays.
Understanding PFD Tax Implications
Alaska doesn’t impose income tax, so the PFD is not taxed by the state. However, the IRS considers it taxable income. You must report the payment when filing your 2025 federal taxes and adjust withholdings if necessary.
What If You Missed the Deadline?
If you miss the April deadline, you’ll need to wait until next year’s PFD application cycle. There’s no option to apply late, meaning preparation is essential to secure your annual dividend.
Why the $1,702 Stimulus Payment Matters
For many Alaskans, the PFD represents a meaningful financial injection. Often used to help pay bills, stock up on household necessities, or save for emergencies, the amount supports families and individuals across the state. Including the energy bonus acknowledges ongoing cost pressures tied to living in remote or energy-intensive environments.
Planning Ahead for 2025 and Beyond
To prepare for the upcoming PFD cycle:
- Mark your calendar: Application typically runs from February to March.
- Maintain proof of residency and physical presence.
- Keep bank and mailing information current.
- Submit your application on time to ensure May payout eligibility.
Understanding how the PFD system works puts you in control of your dividend and helps ensure timely receipt each year.
FAQs
Q 1. What is the $1,702 stimulus payment?
A: It’s the Permanent Fund Dividend for eligible Alaskans in 2024, including the regular $1,403.83 dividend and a $298 energy bonus.
Q 2. When are the payout dates?
A: Eligible residents were paid on May 5 and June 18, depending on when their application status was confirmed.
Q 3. Who qualifies for the PFD?
A: Alaska residents in 2024, present for the required time, without major criminal convictions, and who applied on time.
Q 4. Is the PFD taxable?
A: Yes. The federal government taxes it, but Alaska does not.
Q 5. What if I missed the April deadline?
A: You cannot apply late. You must wait until next year’s application window.
Final Thought
The $1,702 stimulus payment is more than just a check—it’s a share of Alaska’s resource wealth returned to its people. By following application requirements and meeting deadlines, residents can continue benefiting from this unique program. If you found this article helpful, share it with family members who might miss the deadline. And get ready: February 2026’s PFD application period is just around the corner.
