To be eligible for the yearly payout, Alaskans must apply for the 2025 Alaska Permanent Fund dividend by Monday, March 31. The deadline for online applications is 11:59 pm Monday Alaska time, and mailed forms must be postmarked by March 31 at the latest.
The application link and other information can be found at pfd.alaska.gov. The offices will be open to help people from 9 am to 4 pm on March 31, despite it being a state holiday known as Seward’s Day.
Officials advise timely submissions to prevent last-minute issues. The exact amount of this year’s dividend will remain unknown until May when lawmakers finalize the state budget during the legislative session.
Eligibility requirements include continuous residency in Alaska throughout the previous calendar year, no felony convictions or incarceration, and no absences exceeding 180 days, except for specific exceptions.
According to the Alaska Department of Revenue, more than 564,000 Alaskans had already applied by Friday morning. Last year, more than $1 billion in dividends were distributed to 624,489 residents.
Using Permanent Fund profits to pay for state services, the Alaska Legislature has been debating the yearly dividend amount since 2017. Since 2016, the state has not adhered to its statutory dividend formula because of dwindling oil earnings.
After accounting for the number of applications submitted, the final dollar amount for the payment will be announced in September. Last year’s payment totaled $1,702 per eligible resident, comprising a $1,403.83 dividend and a $298.17 energy relief check. However, no energy relief check is expected this year.
Alaskans should act promptly to meet the Alaska Permanent Fund dividend deadline, ensuring their chance to receive the payment. Officials emphasize the importance of adhering to submission guidelines and avoiding delays as the deadline approaches.
This news article was originally published by Anchorage Daily News.
