Every year, Alaskans eagerly await the $1702 Alaska Permanent Fund Dividend (PFD), a unique program that shares the state’s oil wealth with its residents. For 2025, the payout is set at $1,702 per person, offering a financial boost to help with bills, savings, or even a special treat. This article explains what the $1702 Alaska Permanent Fund is, who qualifies, how to apply, and why it matters—all in simple, easy-to-understand words.
What is the $1702 Alaska Permanent Fund?
The $1702 Alaska Permanent Fund Dividend (PFD) is a yearly payment given to eligible Alaska residents. Started in 1976, the program saves a portion of Alaska’s oil revenue and invests it. The profits are then shared with residents as a dividend. In 2025, each qualifying person will receive $1,702, which includes a base payment and an energy relief bonus to help with high living costs, especially during Alaska’s cold winters.
This program is special because no other state in the U.S. does anything like it. It’s Alaska’s way of ensuring everyone benefits from its natural resources, not just big companies or the government.
Who Can Get the $1702 Alaska Permanent Fund Payment?
Not everyone in Alaska automatically gets the $1702 Alaska Permanent Fund payment. You need to meet specific rules to qualify. Here’s what you need:
Eligibility Requirements
- Residency: You must have lived in Alaska for the entire 2024 calendar year and plan to stay there permanently.
- Time Spent in Alaska: You need to have been in Alaska for at least 72 hours in 2023 or 2024. If you were away for more than 180 days, you must have a valid reason, like school, medical treatment, or military service.
- Clean Legal Record: You cannot have certain felony or misdemeanor convictions in 2024.
- No Dual Residency: You must not claim residency in another state or country after December 31, 2023.
- Application Deadline: You must apply between January 1 and March 31, 2025.
Meeting these rules ensures you get the $1702 Alaska Permanent Fund payment without delays.
How to Apply for the $1702 Alaska Permanent Fund
Applying for the $1702 Alaska Permanent Fund is straightforward, but you need to prepare. Here’s how:
Steps to Apply
- Gather Documents: You’ll need an Alaska ID or driver’s license, your Social Security Number, proof of residency (like a utility bill or lease), and your 2024 tax return. If you were out of state, bring proof like school records or military orders.
- Choose Your Method: Apply online at the official PFD website (pfd.alaska.gov) or use a paper form available at local offices.
- Submit by Deadline: Applications must be sent between January 1 and March 31, 2025. Late applications are not accepted.
- Check Your Status: Use the PFD website to track your application and ensure everything is correct.
Payment Schedule
Payments start in September 2025 for those with “Eligible-Not Paid” status by September 3. Further payments are scheduled for October 2 and October 23, 2025, based on when your application is approved. You can choose direct deposit for faster access or receive a paper check.
Why the $1702 Alaska Permanent Fund Matters
The $1702 Alaska Permanent Fund payment is more than just extra cash. For a family of four, it means over $6,800, which can cover heating bills, groceries, or savings for the future. In Alaska, where living costs are high due to its remote location, this money makes a big difference, especially as winter approaches. The energy relief bonus ($298.17 of the $1,702) is particularly helpful for covering rising heating costs.
Tax Information
The main part of the $1702 Alaska Permanent Fund payment ($1,403.83) is taxable by the federal government, so you’ll need to report it on your 2025 tax return. The energy relief bonus ($298.17) is tax-free, which is a nice break. Keep this in mind when planning your finances.
Final Thoughts
The $1702 Alaska Permanent Fund Dividend is a unique benefit that supports Alaskans by sharing the state’s oil wealth. By meeting the eligibility rules and applying on time, you can secure this payment to help with everyday expenses or future goals. Check your status on the official PFD website and get your documents ready to ensure you don’t miss out on this opportunity.
For more details, visit the official Alaska PFD website at pfd.alaska.gov.
