Te Permanent Fund Dividend (PFD) is a unique program that distributes oil revenues to Alaska permanent residents. Established in 1982, it seeks to share benefits from natural resources. For 2024, the amount was set at $1,702, with staggered payments, including those scheduled for May and June 2025.
According to official data, the PFD is based on the returns of the Alaska Permanent Fund, which invests in stocks, bonds and real estate. The program page states that it reflects “the principle that the state’s natural resources belong to all its residents.” Historical payments have varied depending on annual oil revenues.
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In 2024, the amount increased to $1,702, compared to the $1,312 granted in 2023. This increase is due to the oil surpluses that were allocated by state legislators. The first round of payments were made in October 2024, while outstanding payments were scheduled for residents classified as “Eligible-Not Paid” on specific dates.
Some news sites say that payments of $1,702 are scheduled for May 15, 2025, targeting those who maintained “Eligible-Not Paid” status through May 7. Other groups will receive funds on June 18, depending on eligibility dates. The amount is fixed and does not vary by location or age.
Residents can check their status on “myPFD,” according to the program page. Those who did not update data on time should use the Change of Address Form or contact the corresponding department. No adjustments to the amount were announced after its initial confirmation.
PFD payment eligibility requirements
To qualify, applicants must have resided in Alaska for all of 2023 and plan to remain indefinitely. It is also required not to have convictions for serious crimes and to meet income and resource limits. Verification includes reviews of state and federal records.
Eligibility is reviewed annually, even for minors. Parents or guardians must apply for the PFD on behalf of dependents. Under current rules, children who receive the dividend must have guardians who meet the same residency and background requirements.
Those who changed their immigration status or moved out of Alaska in 2023 are not eligible. Neither do those who failed to meet application deadlines. The official website offers guides to appeal denials or correct errors in previous applications.
Note that the dividend is also taxable at the federal level. Beneficiaries receive a Form 1099-Misc to report income. Dependents must report the PFD on their returns or include it on those of their guardians, according to IRS regulations.
Address changes must be notified before the monthly cutoffs (May 7, June 11) to avoid delays. The online form takes 48 hours to process, while the physical form requires up to 10 business days. Updates over the phone are not accepted.
The PFD department warns of scams that promise to speed up payments or request fees. The application and status consultation are free. Any official communication includes the domain https://gov.alaska.gov/, and payments are deposited directly into registered accounts.