Jan. 1, 2025 is the first day when Alaskans can file applications for their annual share of the state’s oil wealth, known as the Alaska Permanent Fund dividend.
The dividend is given to qualifying Alaskans — those who meet certain residency requirements — every fall, but applications are received January through March. The actual amount is determined by the Legislature deciding what it can spare out of the state budget. The 2024 PFD was $1,702 and more than 600,000 Alaskans were deemed eligible.
In 1980, Alaska voters passed a constitutional amendment to establish the Alaska Permanent Fund, which requires at least 25% of certain mineral revenues to be deposited into a public savings account that now has about $80 billion.
The Alaska State Legislature then enacted legislation to establish the Permanent Fund Dividend program, which would have paid $50 for each year of residency since statehood, but it was later ruled unconstitutional by the Alaska Supreme Court because some residents were getting more than other residents. After various legislation setting different calculation amounts, the Legislature finally settled on 12-month residency requirement, with certain allowable absences.
The 2025 PFD application will be available online from the PFD website beginning at 9 a.m.
Jan. 1 is a state holiday, so the Permanent Fund Division offices will be closed to walk-in applicants. Division offices will reopen on Jan 2 at 10 a.m.
On Jan. 1, you can apply online at this link. Or at this link.
