- Personal Finance. What changes are coming to Social Security in June 2025? Check out all the updates
- Personal Finance. What changes are coming to Social Security in June 2025? Check out all the updates
Thousands of Alaska residents will receive a $1,702 deposit in June 2025 as part of the state's Permanent Fund Dividend (PFD), an initiative funded by oil and gas revenues. This economic benefit is delivered annually to those who meet specific residency and legal behavior requirements.
The total payment approved for 2025 is made up of $1,403.83 as a regular dividend and an additional $298.17 bonus, intended to alleviate high energy costs in the state. According to the Alaska Permanent Fund Corporation, applicants with 2024 or earlier applications in "Eligible-Not Paid" status as of June 11, 2025 will receive their payment on June 18.
This program not only represents financial relief for many families, but also a monetary stimulus for the local economy. Although the state does not tax this dividend, the payment is considered taxable income by the IRS.
Who is eligible to receive the Alaska PFD?
To access this benefit, it is necessary to have resided in Alaska for the entire previous year and declare the intention to remain there indefinitely. It is also required to have been physically present in the state for at least 72 hours in the last 24 months, and not to have committed serious crimes recently.
Applications for the 2025 PFD were open from January 1 to March 31. They were accepted both online at pfd.alaska.gov and by mail. The deadline was April 1, and those who met all the criteria will be able to receive their payment later in the year.
Finally, authorities recommend not obtaining licenses with REAL ID outside of Alaska, as this could affect eligibility for the PFD. With payments already made in April and May, the June deposit cycle is shaping up to be another key opportunity for eligible residents.