2025 Official PFD Payment Dates & $1,702 Direct Deposits Confirmed After Stimulus Checks

$1,702 Direct Deposits Confirmed After Stimulus Checks: Did you file your tax return in 2021 but still did not receive any stimulus payment? If yes, then there is good news for you in 2025. IRS (Internal Revenue Service) is going to provide a special assistance amount to all such people. Apart from this, PFD (Permanent Fund Dividend) payment has also been officially announced for the residents of Alaska, which will provide financial assistance to millions of people.

In this article, we will know what is PFD, what are its payment dates in 2025 and what is the application process. Let’s understand in detail.

What is PFD?

PFD i.e. Permanent Fund Dividend, is a government scheme that gives a fixed amount of money to the residents of the state of Alaska every year. This amount comes from the income from the mineral resources of the state. This scheme is operated by the Alaska Department of Revenue.

Main objective of PFD scheme

• Distribution of state assets among the citizens – The government of Alaska gives a part of the income from mineral resources (such as oil and gas) to the citizens there.
• Making people financially strong – The cost of living in a cold state like Alaska is very high. In such a situation, this amount becomes helpful in the daily needs of the people.
• Promoting residence in the state – Since this scheme is only for permanent residents of Alaska, people like to live here.

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When will the PFD payment be received in 2025?

If you did not receive a PFD payment on 16 January 2025, the government has announced two new dates:

• First payment: 20 February 2025 – If your status is “Eligible-Not Paid” and remains so by 12 February 2025, you will receive this payment on 20 February.
• Second payment: 20 May 2025 – Some eligible people will receive an additional $1,702 on this date.

At present, the government has only confirmed these two dates. If there are any further updates in the future, they will be released publicly.

Can you still apply for PFD?

Yes, there is still a possibility to apply.

If you applied for PFD in 2024, you may receive either or both of these payments in 2025.

Application Date for 2025:

• The application can be made from January 1, 2025, to May 31, 2025.
• The application process is completely online.
• Only one application will be accepted per person.

Note: If you have not applied in 2024, there will be no chance of getting the 2025 amount.

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Eligibility Criteria for PFD Payment

• You must live in Alaska throughout the year.
• You must intend to settle permanently in Alaska.
• You must not have applied for citizenship of any other state or country.
• You must not have any serious criminal case against you in 2024.
• You must be physically present in Alaska for the prescribed period.

Why is the PFD Scheme Important?

1. Financial Aid:
   • The cost of living in Alaska is higher than other states. Daily items are expensive due to cold weather, high transportation costs and limited resources. In such a situation, the PFD scheme gives a strong financial support to the people.
2. Support to families:
   • With the amount of PFD, many families are able to meet the education, health services and other needs of their children. This is especially very useful for low-income families.
3. Strengthening the state’s economy:
   • When thousands of people spend this amount, local businesses benefit. This directly strengthens the economy of Alaska.

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Conclusion

In 2025, Alaska residents will get two types of financial assistance:

• Special Stimulus Check by IRS – This will be given to those who paid taxes in 2021 but did not get EIP (Economic Impact Payment).
• PFD Payment – This will be given to eligible residents on 20 February 2025 and 20 May 2025.

If you have applied on time and meet all the eligibility conditions, you may be entitled to both these benefits. Make sure your application is completed correctly and within the prescribed time limit.

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