Thousands of residents of the US state of Alaska will receive an amount of $1,702 in June 2025, which is part of the state's Permanent Fund Dividend (PFD). This is an economic aid that is financed through the revenue generated from oil and gas. Every year it is given to those who follow the rules of special residence and legal behavior. ### Happy time for Alaska residents When you think of Alaska, snow-capped mountains, far-flung forests and cold winds come before your eyes. But this is not all for the people living here. Living in Alaska means that you become entitled to a special amount of money every year, called the Permanent Fund Dividend. This can be considered as part of the revenue generated from Alaska's oil and gas, which acts as economic relief for the people of the entire state. ### Who is eligible for this PFD? There are some conditions to get PFD, which are very important to follow. First of all, you must have resided in Alaska for the entire previous year and intend to stay there. Also, you must have been physically present in the state for at least 72 hours in the last 24 months. Also, you must not have committed any serious crime recently so that you are not legally disqualified. This simply means that not only are you a resident of Alaska, but those residents must also lead an honest and responsible life to get this payment. ### Application Process and Deadline The application process for PFD begins on January 1 every year, and it runs until March 31. If you apply within this deadline and follow all the conditions, you can get this money. You can apply online at pfd.alaska.gov or by mail. The deadline is April 1, and if you submit your application by this date, and your application is approved, you will receive your money by the end of the year. ### Distribution of Amount and its Shares The total payment for 2025 is fixed at $1,702. This includes an amount of $1,403.83 as regular dividend and an additional bonus amount of $298.17. This bonus amount is given especially considering the high energy costs in the state. This amount proves to be a boon for those who struggle to pay energy bills during the winter months. ### Impact of PFD on the local economy PFD not only acts as a personal financial relief, but it is also a big boost for the state's economy. When people receive this money, they spend it in the local markets. For example, a person can buy a new house with this amount, one can pay the education fees of their children from it, or one can use this money on their health services. Thus, this amount also becomes a source of income for local businessmen. When local merchants see this money as a benefit, they try to expand their business even more, thereby strengthening the economy of the entire state. ### Tax Considerations Although the state does not levy any tax on this payment, this amount is counted as income in the form of federal income tax. This means that you will have to include this amount in your tax report. Therefore, it is beneficial to take the help of proper tax planning and tax advisor. ### Future and Recommendation If you have not yet become a part of this process, keep looking for the opportunity in the future as it is not just a financial gain but also a promise of a quality life in the society. Also, officials have suggested not to obtain a license for REAL ID from outside Alaska, as this may affect your eligibility for PFD. ### Conclusion This payment made through PFD is a source of financial relief for thousands of residents who face hardships in Alaska. It not only provides economic security to the individual but also revives the local economy. That’s why Alaskans look forward to this important benefit each year.