The State of Alaska is distributing a new Permanent Fund Dividend (PFD) payment worth $1,702 to eligible residents. This is a notable increase from the 2023 payment of $1,312, offering Alaskans a valuable financial boost as the year draws to a close. Here’s what you need to know about payment schedules, eligibility, and the upcoming application window for 2025.
Payment Schedule for 2024
The PFD allowance payments for 2024 are being issued according to the following schedule:
- November 21, 2024: The first payment date for eligible recipients.
- December 19, 2024: The final payment date for 2024.
Checking Your Payment Status
To find out if your payment will be issued on December 19, 2024, check your application status online by December 11, 2024. If your status reads “Eligible-Not Paid,” your payment will be included in the final payout for the year.
2025 Payment Schedule
The next payment date for the PFD in 2025 is January 16, 2025. To verify your eligibility for this payment, check your application status by January 8, 2025.
Application Window for 2025 PFD
If you missed the 2024 application period (which closed on March 31, 2024), you’ll have a new opportunity to apply for the 2025 Permanent Fund Dividend. The application window opens on January 1, 2025, and runs through March 31, 2025.
Eligibility Requirements
To qualify for the PFD in 2025, applicants must meet the following criteria:
- Alaska Residency: You must have lived in Alaska for the entirety of 2024 and intend to remain in the state.
- No Residency Claims Elsewhere: Applicants must not claim residency in another state or country.
- Legal Standing: You must not be incarcerated, serving a sentence, or otherwise legally ineligible.
- Other Criteria: Additional eligibility details are available on the PFD website.
How to Receive Your Payment
Payments are made electronically, and there are two main ways to collect your allowance:
- Direct Deposit: Funds are sent directly to your bank account, providing a fast and secure method to receive your payment.
- Paper Check: For those without direct deposit, checks are mailed to the address on file.
Key Dates to Remember
| Date | Event |
|---|---|
| November 21, 2024 | First payment date for $1,702 PFD |
| December 11, 2024 | Status check deadline for December payment |
| December 19, 2024 | Final payment date for 2024 PFD |
| January 1, 2025 | 2025 application window opens |
| March 31, 2025 | 2025 application deadline |
The Permanent Fund Dividend continues to provide essential financial support for Alaska residents. If you’ve already applied for the 2024 allowance, ensure your status is updated and your payment details are accurate. For those planning ahead, the 2025 application window is just around the corner.
Be sure to mark the key dates on your calendar, review the eligibility requirements, and prepare to apply early for next year’s payout.
