Claim: Today, on July 17, 2025, a very relieving news has come out for millions of residents of Alaska. Under the state government-run Permanent Fund Dividend (PFD) scheme, eligible citizens are being given a stimulus payment of \$1,702. This amount is being deposited directly into the bank accounts of the beneficiaries, with the aim of reducing rising inflation, energy prices and economic pressure.
This is not just a financial assistance, but a transparent and dedicated effort to bring the state’s natural assets – especially the income from oil – to the common citizens. Let us know what this scheme is, who will get this amount, what is the application process, and whether this amount is taxable or not.
Alaska Permanent Fund Dividend (PFD) – What is this scheme?
In 1976, the Permanent Fund Dividend (PFD) plan was initiated after the Alaska government concluded that the state proceeds on oil and other natural resources would be invested in future of the citizens. To this end, Alaska Permanent Fund was instituted which is administered by Alaska Permanent Fund Corporation (APFC).
The most special thing about this fund is that a part of its income is distributed directly to the citizens of Alaska every year, which is called PFD Payment. And today, on July 17, an amount of $1,702 is being given under this scheme.
The amount of $1,702 – on what basis was received?
For 2025, this amount is divided into two parts:
- \$1,403.83 – This is the regular annual dividend, which is decided on the basis of 2024 earnings.
- \$298.17 – This is the additional Energy Relief Bonus, which has been approved by the state government in view of the rising energy costs.
This amount is being given not only to adults but also to children. This means that if a family has parents and two children, then they are getting a total benefit of \$6,808 – which can prove to be very helpful in today’s economic situation.
When and how will you get the payment?
If you applied on time and your status was “Eligible – Not Paid”, then today i.e. on 17 July 2025 your amount can be transferred to your bank account.
This payment is given in phases, that is, people get money in some batches every time. Earlier payment dates were as follows:
- 17 April 2025
- 15 May 2025
- 18 June 2025
- And now – 17 July 2025
Therefore, it is important that you keep your bank account information correct and updated, so that there is no problem in transferring money.
Who is eligible for this scheme – Key conditions
There are some important eligibility criteria to get PFD payment:
- You must be a resident of Alaska in 2024.
- You must be present in Alaska for at least 72 hours in 2023 or 2024.
- If you have spent more than 180 days outside Alaska, there must be a valid reason (such as studies, medical treatment or military service).
- Individuals who have committed serious crimes may be denied the scheme (such as a felony conviction).
- Each individual has to apply separately, even for children.
Application Process – Fully Online
If you haven’t applied yet, the last date for 2025 has expired in April 2025. But you can prepare in advance for 2026.
Steps to apply:
- Visit the website: pfd.alaska.gov
- Login or register through the “myAlaska” portal.
- Upload your personal information, bank details and required documents.
- Double check all the information and submit on time.
Some common mistakes to avoid
- Delay in application – No application is accepted after the deadline.
- Providing incorrect bank information – This may lead to payment delay or failure.
- Hiding out-of-state information – This is considered fraud.
- Uploading unclear or incomplete documents – This may lead to rejection of the application.
Is this amount taxable?
Yes, this is an important question. The state of Alaska does not levy any tax on this amount, but the federal government (IRS) considers it Taxable Income. This means that you will have to show it in your 2025 tax return.
If your total income falls within the tax limit, then this amount may be taxed. Therefore, it is important to prepare in advance so that there is no problem at the time of tax filing.
What happens if you do not apply on time?
If you have not applied by April 2025, you are ineligible for this year’s payment. The government does not accept late applications. Now you can apply next for 2026.
Conclusion: Check your account today
The $1,702 stimulus payment you are receiving today, July 17, 2025, is not only financial assistance, but it is also a symbol of trust and transparency between the Alaska government and the citizens. If you have applied on time, then today brings good news and relief for you.
If you have not received the amount till now, then:
- Check your bank account,
- Login to the PFD portal to check the status of the application,
- And if there is any error, correct it immediately.
This scheme not only helps with money, but also instills self-esteem, self-reliance and self-esteem in the citizens. It also creates a sense of connection with the state.
REMEMBER: Don’t miss the next deadline – it’s not just a help, but part of the partnership between you and the state.
