Through the Permanent Fund Dividend (PFD), an initiative that distributes a portion of the revenue generated from oil and gas development, the state of Alaska is recognized to provide its citizens with an annual economic benefit.
Each beneficiary will get a check that is composed of two parts: a $298.17 bonus to cover energy expenses and $1,403.83 for the principal dividend.
Eligibility Criteria for PFD
Since many people in the state rely on this payment to help them pay for living expenses, it is crucial to highlight the conditions that must be fulfilled in order to be eligible for this payment, which was established in 1976 and benefits people who have lived in Alaska continuously for the past calendar year, have visited the state for at least 72 hours in the past two years, and have shown that they intend to stay there permanently by spending at least 12 consecutive months on its territory without applying to establish residence outside.
The total amount allotted to each qualified individual will be $1,702 in 2025, which is 30% more than the payment made the year before.
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The Permanent Fund Dividend (PFD) has announced that dividend applications for 2024 (and previous years) that are in “Eligible-Not Paid” status on May 7, 2025, would be disbursed on May 15, 2025.
To maintain the integrity of the fund and guarantee that only Alaskan citizens with ties to the state and those who oversee its welfare receive this benefit, a variety of conditions mean that the payout is not available to everyone. The following individuals may be omitted.
The following won’t get the PFD for 2025:
- Are individuals listed as dependents on another person’s tax return?
- They lack a legitimate Social Security number.
- individuals with more than two misdemeanor offenses or a felony conviction during the 2024 calendar year.
Those who were exempt from filing taxes, typically as a result of their lack of immigration status or low income.
