Each year, the Permanent Fund Dividend (PFD) provides a much-needed financial boost to Alaska residents. Funded by the state’s oil and mineral revenues, the PFD acts like a localized stimulus check—unique to Alaska.
While the exact amount can change every year depending on political and financial factors, it has become an expected part of many families’ annual budget planning.
In 2025, the PFD amount has drawn significant attention and debate, especially due to Alaska’s projected $1.5 billion budget deficit. Lawmakers have been weighing the needs of the public against the state’s financial health. So what’s the current status? Let’s look at the approved amount, application deadlines, payment schedule, and future outlook for Alaska’s 2025 PFD.
How Much Is the PFD Stimulus Check in 2025?
On April 16, 2025, the Alaska House of Representatives approved a $1,400 PFD payment under the “75-25” formula. This method allocates 75% of the earnings from the Permanent Fund to support the dividend, while reserving 25% for state services and future stability.
This amount replaced an earlier proposal from Governor Mike Dunleavy, who suggested a $3,900 payment using a formula from the 1980s. However, that amount was rejected due to concerns about its impact on Alaska’s already strained budget.
Could the Amount Change?
Yes, it might still change. The Alaska Senate is considering reducing the amount to $1,000 to help manage a projected $450 million deficit over the next two years. This ongoing debate reflects the challenge of balancing citizen benefits with long-term financial responsibility.
Can You Still Apply for the 2025 PFD?
No, the application period for the 2025 PFD closed on March 31. According to the Alaska Department of Revenue, nearly 600,000 people submitted applications this year.
Who Is Eligible?
To receive the PFD, applicants must:
- Be permanent residents of Alaska for the full calendar year before applying
- Have no recent felony convictions or incarceration history
- Maintain Alaska residency and intend to remain in the state
- Submit their application on time
Applicants can check their application status on the myPFD portal, although statuses may remain “pending” until the final amount is confirmed and approved.
When Will the 2025 PFD Be Paid?
Historically, the PFD is distributed in October. For example:
- In 2024, direct deposits began on October 5
- Paper checks were mailed later in the month
For 2025, a similar timeline is expected, but it depends on the state budget approval. If negotiations between the House, Senate, and Governor continue into June or July, it could cause delays in the final confirmation and payment schedule.
Past PFD Amounts and What They Mean
The amount of the PFD has varied widely over the years, depending on the state’s income from oil and mineral investments, as well as political decisions. Here’s a quick comparison of recent years:
- 2022: $3,284 – The highest ever, driven by high oil prices and an energy relief bonus
- 2023: Delayed due to budget debates
- 2024: $1,702 (includes $298.17 energy relief)
- 2025: $1,400 (tentatively approved by House; Senate still discussing)
Between 1984 and 2024, PFD payments ranged from just $331.29 to $3,284, showing how inconsistent the amounts can be based on legislative priorities and fund performance.
Is the Permanent Fund at Risk?
The Permanent Fund itself is not at risk, but the dividend amount drawn from it is the subject of political debate. Governor Dunleavy supports returning to the original full-payment formula, which would have made the 2025 PFD $3,900.
In contrast, many legislators, including Senator Jesse Kiehl, support the 75-25 model, arguing that the state must also fund public education, health services, and infrastructure.
“The state needs to balance the dividend with essential services,” Senator Kiehl explained, emphasizing a more measured approach.