2025 PFD Payment: In the first month of 2025, the IRS will issue special stimulus checks to people who filed a 2021 tax return but did not claim Economic Impact Payments even though they were eligible. Following these unexpected payments made by the IRS, the state of Alaska will also make PFD (Permanent Fund Dividend) payments.
What is the PFD program?
The PFD (Permanent Fund Dividend) is a special program of the state of Alaska that provides an annual payment to eligible residents. This payment comes from investment income from mineral royalties in the state and is intended to help Alaska residents financially.
New PFD Payment Dates in 2025
- If you were not eligible for a payment on January 16, the State of Alaska Department of Revenue has confirmed two new payment dates for 2025. The first payment will be on February 20, 2025.
- You can check your Permanent Fund Dividend status to check if you are eligible for the February 20 PFD payment. If it says “Eligible-Not Paid,” you will receive the payment on February 20, 2025.
- The Revenue Department has confirmed another payment date on March 20, 2025, when eligible PFD recipients will be paid $1,702. These are the only two payment dates confirmed for 2025 so far.
Can I apply for a PFD payment now?
While you can still apply for the Permanent Fund Dividend, you can only receive the two upcoming payments for 2025 if you applied in 2024. The deadline to apply for 2025 will be from January 1, 2025, to March 31, 2025.
You can apply online, and only one application is allowed per person. The eligibility requirements to apply for these checks or direct deposits in Alaska are as follows:
- Be a resident of the state of Alaska for a full calendar year.
- Intend to reside in Alaska permanently.
- Not have applied to become a resident in another state or country.
- Not be convicted or imprisoned in 2024 (see pfd.alaska.gov for more information.
- Be absent for the required number of days in Alaska.
- Be physically present for the required time.
Other information about the 2025 PFD payment
PFD payments in Alaska provide significant financial support, and timely application is a must to receive these payments. If you missed applying, you will get another opportunity to receive payments in 2025, but you will have to apply in advance.
In addition, the stimulus checks being made by the IRS can prove to be an additional help for you if you were unable to claim these checks earlier. This stimulus money combined with the PFD program in Alaska forms an important source of financial support for the residents of the state.
All eligible persons to receive payments this year in Alaska are advised to apply as per the prescribed dates and keep monitoring the situation so that they can avail themselves of their payments on time.
Conclusion
Alaska’s PFD program is an important financial aid for Alaska residents. In 2025, this payment may prove beneficial to more people, combined with the stimulus check. So, if you are an Alaska resident and eligible for this year’s PFD payment, make sure you apply and follow the dates so you can benefit from these important payments in 2025.
FAQs
Q. What is the Permanent Fund Dividend (PFD)?
A. The PFD is an annual payment to eligible Alaskans funded by the state’s investment earnings from mineral royalties.
Q. When will the 2025 PFD payments be made?
A. The next PFD payments will be made on February 20, 2025, and March 20, 2025.
Q. Can I still apply for the 2025 PFD payment?
A. You can apply for the 2025 PFD if you apply between January 1, 2025, and March 31, 2025.
Q. How can I check if I’m eligible for the PFD payment?
A. You can check your eligibility by reviewing your Permanent Fund Dividend status. If it says “Eligible-Not paid,” you will receive the payment.
Q. What are the eligibility requirements for the PFD?
A. You must be a resident of Alaska for the full calendar year, plan to continue living in Alaska, and meet other specified criteria.