The Alaska Permanent Fund Dividend (PFD) is paid out each year to the citizens of Alaska. The State of Alaska utilizes interest accrued from its oil revenue to fund these stimulus payments. The PFD is available to individuals who have lived in Alaska for the entire year prior to their application. As a result, residents are preparing to receive their annual stimulus payment, derived from the income generated by their natural resources, now that March has arrived. Instituted in 1976, the Alaska Permanent Fund is managed by the Alaska Permanent Fund Corporation, which oversees the distribution of oil revenues to Alaskans, supporting them in covering essential expenses like housing, food, and healthcare.
This Month’s Confirmed PFD Stimulus Payment is $1,700
To ensure that Alaskan residents benefit directly from the state’s oil and gas revenues, the PFD allocates a percentage of natural resource earnings. The Alaska Permanent Fund Corporation manages this budget, providing a reliable annual income stream for qualified individuals. Applications for the PFD must be submitted between January 1 and March 31, either online or via mail, for each family member. Approximately 600,000 Alaskans are eligible, with the amount increased to $1,702 for this year.
As noted on the PFD website, applications for the 2024 dividend (and those from prior years) that remain in “Eligible-Unpaid” status as of March 12, 2025, will be distributed on March 20, 2025. Eligibility requires being a registered resident of Alaska for at least one year and having no plans to leave the state. Interested applicants also need to have not been incarcerated for a felony in the last 12 months or for a misdemeanor if previously convicted of a felony or two misdemeanors since January 1, 1997. Additionally, applicants must have worked a minimum of 72 consecutive hours in Alaska during the previous 24 months.
Other Available Options for Americans Beyond the PFD Stimulus Payment
New York
In New York’s stimulus plan, 1.6 million households will benefit from an annual tax credit of up to $1,000 for each child under four years old and up to $500 for each child aged four to sixteen. For the 2025 tax year, families with young children can receive the $1,000 credit, while for the 2026 tax year, families with older children will qualify for the $500 credit. This plan will be implemented over the next two years.
Colorado Refunds
Colorado is rolling out a stimulus payment through a rebate program aimed at low-income residents struggling with high property taxes, heating costs, and rent. Those who apply by April 15, 2024, could receive between $800 and $1,600, depending on their situation. If you miss the deadline, you still have until December 31, 2025, to submit your application. Individuals earning less than $18,016 in 2023 may qualify for refundable credits of up to $1,112 annually, while joint filers must have incomes below $24,345.
California’s Stimulus Payment
Sacramento, California, has initiated the Sacramento Family First Economic Support Pilot (FFESP), a basic income pilot program that offers $725 a month to selected families who meet specific requirements. This initiative aims to provide financial stability to struggling households while assessing community responses to guaranteed income. The program’s success will determine its future, making it a unique endeavor as there are currently no similar initiatives known in other U.S. regions or across localities.
