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Monday is the last day Alaskans can apply for the 2025 Permanent Fund dividend
Monday is the last day Alaskans can apply for the 2025 Permanent Fund dividend

Yahoo

time28-03-2025

  • Business
  • Yahoo

Monday is the last day Alaskans can apply for the 2025 Permanent Fund dividend

Mar. 28—Alaskans have until Monday, March 31, to file for their 2025 Alaska Permanent Fund dividend. Online filers have until 11:59 p.m. Alaska time on Monday to turn in their application, while mailed applications need to be postmarked no later than March 31. Additional information and a link to the online application is available at Monday is Seward's Day, a state holiday. PFD division offices will be open to the public to collect applications between 9 a.m. and 4 p.m. The approximate size of this year's dividend likely won't be known until the end of the legislative session in May as state lawmakers craft a budget. Eligibility requirements for the annual dividend include having resided in Alaska during all of the previous calendar year, not being convicted of or incarcerated for a felony, and not traveling out of the state for more than 180 days, except for certain allowable absences. By Friday morning, more than 564,000 Alaskans had already applied for the dividend, according to the Alaska Department of Revenue. Last year, the state paid out dividends to 624,489 eligible Alaskans at a cost of more than $1 billion. Since 2017, the size of Permanent Fund dividend has been determined through an annual debate in the Alaska Legislature. The amount hasn't followed the dividend formula set in state statute since 2016, with a growing portion of Permanent Fund earnings used to pay for state services amid dwindling oil revenue. chart visualization The exact dollar amount of the payment, which depends on the number of Alaskans who file for the check, is typically announced in September. Last year's payment included a $1,403.83 dividend and a $298.17 energy relief check for every eligible Alaskan, for a combined $1,702. An energy relief check is not expected this year.

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