Alaska Residents Set to Receive $1,400 Dividend in 2025: Eligibilty Discussion Here

Race Day Live  (Anchorage, AL) – Alaska may be the most distinctive state in the United States. It is the largest state, the northernmost, the westernmost, and the easternmost, if you want to get into a technical discussion about longitudes and the prime meridian — most people don’t, and Maine gets this distinction.

It is also the only state that offers an annual dividend to its people – this year, you can receive almost $1,400 just for living there.

The funds are made available through the Alaska Permanent Fund Dividend, which was established more than 40 years ago to allow locals to partake in the state’s massive oil income. The Alaska Permanent Fund Corporation reports that the fund received its first dedicated oil income deposit in 1977. Three years later, the state legislature approved the first $1,000 dividend check, which was delivered to residents in 1982.

How It Works

The exact payout amount varies from year to year, depending on how much money lawmakers choose to withdraw from the Permanent Fund savings account. Alaska Public Media reported that last year’s payout was around $1,702, which included a one-time energy relief payment.

Using the present method, the 2025 dividend is estimated to be around $1,400. Alaska Governor Mike Dunleavy has suggested a reform that would pay each Alaskan approximately $3,900, but the idea is “unlikely to make it through the legislature,” according to Alaska Public Media.

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Alaska often receives good rankings for providing annual dividend payments to its inhabitants. According to the Earth4All website in 2024, the fund “is popular across the political spectrum” in Alaska, with 81% of Alaskans stating the rewards improve their quality of life.

“Crucially, the fund recognizes the equal right of every resident of Alaska to a portion of the state’s natural wealth,” according to the publication. “It’s seen as a matter of justice, and particularly intergenerational justice: safeguarding the wealth of today for future generations.”

The question of whether the dividend is worth migrating to Alaska is debatable. For starters, the state experiences extreme cold and darkness for much of the year. For example, it has one of the highest average living prices in the country. On the plus side, you will not be subject to Alaska’s state income tax.

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Do You Qualify?

If you’re thinking about moving to Alaska, here’s what you should know about the state’s dividend rules, according to the Department of Revenue. To qualify for the 2025 dividend, you must meet the following criteria:

• Resident of Alaska during all of the calendar year 2024
• Intend to remain an Alaska resident indefinitely
• Not a resident of any other state or country and have not received benefits as a result of a claim of residency in another state or country after Dec. 31, 2023
• If out of the state for more than 180 days, the absence qualified as an “allowable absence”
• Physically present in Alaska for at least 72 consecutive hours during 2023 or 2024
• Not sentenced for or incarcerated for a felony conviction in 2024; not incarcerated for a misdemeanor conviction in Alaska with a prior felony conviction or two or more prior misdemeanors since Jan. 1, 1997.

For additional information on applying, go to Alaska.gov. Applications for the 2025 dividend are accepted until March 31, 2025.

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