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Alaskans are gearing up for a $1,702 Permanent Fund Dividend (PFD) payment in June 2025—a mix of the base dividend and an energy relief bonus.
This article breaks down eligibility, payment dates, IRS tax implications, and what you need to know to claim this valuable payout.
Payment Breakdown: What’s Included?
| Component | Amount (USD) | Description |
|---|---|---|
| Base Dividend | $1,403.83 | Annual share from oil/mineral earnings |
| Energy Relief Bonus | $298.17 | Extra support for high heating and utility costs |
| Total Payout | $1,702.00 | Combined 2024 PFD amount disbursed in 2025 |
In 2024, the dividend was set at $1,702, including the relief portion.
Eligibility Requirements
To qualify for the 2025 PFD, applicants must:
- Reside in Alaska for all of 2024, intent to stay, with at least 72 continuous hours .
- Not be absent for more than 180 days, except for documented reasons like military service or medical treatment .
- No felony convictions (or multiple misdemeanors) during 2024.
- Submit application by March 31, 2025 (postmarked by April 1).
Key Dates & Payment Schedule
- Application window: Jan 1 – March 31, 2025 .
- Application must be eligible (“Eligible‑Not Paid”) by: June 11, 2025.
- Payouts start June 18, 2025, with options for earlier waves in May or July depending on application timing .
Direct deposits may arrive exactly on schedule; paper checks could take a few additional days.
Federal Tax Considerations
- While Alaska does not tax the PFD, the IRS treats the full $1,702 as federal taxable income .
- This amount must be reported on Schedule 1, Form 1040, Line 8g, based on a 1099-MISC from the Alaska Department of Revenue .
- Backup withholding (24%) may be applied automatically if IRS records don’t match applicant information .
- Children’s PFD checks must also be reported—via the child’s own return or the parent’s return using Form 8814 .
Why It Matters
- The PFD injects essential funds into households, especially in remote areas with high living costs .
- Many people spend it on heating, groceries, medical bills, or debt repayment, while local businesses see a boost around distribution times .
- It also helps reduce income inequality by providing the same amount to all eligible residents.
Common Pitfalls & Tips
- Missed deadlines (March 31) mean waiting until 2026 for payment.
- Incorrect bank or mailing info can delay or cancel direct deposit .
- Out-of-state IDs or licenses may disqualify you .
- Felony/misdemeanor convictions can make you ineligible.
The $1,702 PFD check in June 2025 offers substantial financial assistance for Alaskans.
To secure and enjoy this benefit, make sure to apply by March 31, confirm eligibility status by June 11, and report the amount correctly on your federal taxes.
Organize your application now to avoid missing out on this meaningful boost.
FAQs
Who qualifies for the $1,702 PFD in 2025?
Residents who lived in Alaska all of 2024, maintained presence and intent, and passed legal checks.
When will I get the payment?
Starting May for early applicants or June 18 for those eligible by June 11, 2025.
Is this payment taxable?
Yes, fully taxable by the IRS. Report it using Form 1099-MISC and Schedule 1 on your federal tax return.