Alaska confirms 2025 stimulus payment – know how you will get $1,702!
The Alaska government has officially confirmed the 2025 stimulus payment. This payment will be given under the Permanent Fund Dividend (PFD) program. Through this scheme, the state distributes a portion of the income from its natural resources, such as oil and gas, directly to the citizens.
How much will the 2025 PFD payment be?
The PFD payment in 2025 is set at $1,702, which is higher than the $1,312 given in 2024. The reason for this increase is being attributed to the strong economic condition of the state and surplus in revenue. This year, an estimated more than 600,000 Alaska residents will benefit from this payment.
Payment Details
| Payment Component | Amount |
|---|---|
| Basic Fund Dividend | $1,403.83 |
| Energy Assistance Bonus | $298.17 |
| Total Payout | $1,702 |
Total Amount: $1,702
A special amount of this will be given as Energy Assistance, which will help with rising electricity and fuel costs during the cold season in Alaska.
Eligibility Requirements
Applicants must meet the following conditions to receive the 2025 PFD payment:
- Continuous Residency: You must live in Alaska during the entire 2024 year and it must be clear that you intend to stay there permanently.
- 12-Month Rule: You must have spent at least 12 consecutive months in Alaska before applying.
- Physical Presence: At least 72 hours must have been spent in Alaska in the last 24 months.
Legal Compliance:
- Not been in prison for any felony in the last 12 months.
- Not convicted of more than two minor crimes (misdemeanors) since January 1, 1997.
Have not claimed residency in other states: If you have applied for residency in another state or country, you will not be eligible for this payment.
If you meet all these conditions, you can apply for this payment.
How to apply?
The application process for the 2025 PFD payment is very easy. Applications will be open from January 1, 2025 to March 31, 2025.
How to apply:
1. Apply online:
Visit the pfd.alaska.gov website and submit your application online.
2. Apply by post:
Fill out the paper form and send it to the PFD office.
Important Date:
- The last date to apply is April 1, 2025.
- Since January 1 is a holiday, online applications will start at 9:00 am.
When will the payment be received?
The Alaska government has not yet announced the official payment date. However, payments are usually distributed in the month of October every year.
Why is Alaska PFD given?
The state of Alaska operates without income tax similar to other American states. The government redistributes financial earnings produced by natural state resources to the citizens. Through this scheme both financial empowerment and community awareness about state resources develops among its citizens.
Frequently Asked Questions (FAQs)
Who will receive the $1,702 stimulus payment?
Alaska residents who meet the eligibility criteria for the PFD.
What is the last date to apply?
April 1, 2025 is the last date to apply.
How to apply for a PFD payment?
You can apply online at pfd.alaska.gov or fill out a paper form and send it in the mail.
When will I get a payment?
Payments are usually distributed in October.
What is the Energy Assistance Bonus?
This is an additional amount of $298.17 to help cover rising energy costs.