<strong>Is the 2024 Energy Relief Payment included in the dividend distribution?</strong>

Q: <strong>Is the 2024 Energy Relief Payment included in the dividend distribution?</strong>

Yes , the Alaska Permanent Fund Dividend and the Energy Relief Payment for 2024 have been combined and paid in a single payment, per the passage of House Bill 268 in 2024.

Alaska Permanent Fund Dividend Tax Information & Guidelines [2025]

Alaska Permanent Fund Dividend Tax Information 2025 Dividend

Below are the important guidelines regarding Alaska Permanent Fund Dividend Tax Information and reporting the 2025 Dividend of $1000 for Federal Tax Purposes:

The 2025 Alaska Permanent Fund Dividend for Adults is taxable for federal income tax purposes.
Your child’s PFD for 2025 may also be taxable, depending on the amount of dividends.
If your dividend (even a part or full) was garnisheed, the full amount of the 2025 dividend must be reported as taxable income.
A negligence penalty or other sanctions could be imposed if you fail to report the PFD on your federal tax income return.
The amount for the Alaska Permanent Fund Dividend (PFD) 2025 is $1,000.
The state’s Federal Tax Identification number is 92-6001185.
The state’s Federal Tax Identification number is 92-6001185, and the mailing address is “Permanent Fund Dividend Division, PO Box 110462. Juneau, AK 99801-0462.”

Note: The Alaska PFD Division does not provide tax advice to dividend recipients. Please contact the Internal Revenue Service (IRS) by calling +1 (800) 829-1040 or a tax preparer for additional information.

2025 Alaska PFD Stimulus Allocation

An individual will not be eligible for the 2025 dividend in case of the following conditions during all or part of the calendar year immediately preceding that dividend year:

Incarcerated as a result of a felony conviction
Sentenced as a result of a felony conviction
Incarcerated as a result of a misdemeanor if the individual was convicted of a prior felony, or two or more prior misdemeanors.

Note: Please check the eligibility criteria for the Alaska Permanent Fund Dividend 2025 to check your eligibility.

The legislative purpose for making these individuals ineligible to receive a dividend is to:

Obtain reimbursement for some of the costs imposed on the state criminal system relating to incarceration or probation
Provide funds for services and payments to crime victims, and for grants for the operation of domestic violence and sexual assault programs.

Total funds that would have been paid as 2025 dividends to individuals not eligible under this provision equaled $14,021,000. Below are the details of the total funds appropriated for FY-2025 under this purpose:

Restorative Justice Account
Dept. of Corrections – Physical Health Care	$11,076,700.00
Dept. of Public Safety – Council on Domestic Violence & Sexual Assault	$420,600.00
Dept. of Health – Behavioral Health Treatment & Recovery Grants	$420,600.00
Legislature – Office of Victims’ Rights	$420,600.00
Fund Capitalization – Crime Victim Compensation Fund	$1,682,500.00
Total	$14,021,000.00

Alaska Permanent Fund Dividend Tax Information for 2024 Dividend

Below are the important guidelines regarding Alaska Permanent Fund Dividend Tax Information and reporting the 2024 Dividend of $1702 for Federal Tax Purposes:

The 2024 Alaska Permanent Fund Dividend for Adults is taxable for federal income tax purposes.
Your child’s PFD for 2024 may also be taxable, depending on the amount of dividends.
If your dividend (even a part or full) was garnisheed, the full amount of the 2024 dividend must be reported as taxable income.
A negligence penalty or other sanctions could be imposed if you fail to report the PFD on your federal tax income return.
The amount for the Alaska Permanent Fund Dividend (PFD) 2024 is $1,702.
The Alaska Permanent Fund Dividend and the Energy Relief Payment for 2024 have been combined and paid in a single payment
The Energy Relief portion will also be applied to deductions of an applicant’s Dividend, which could include charitable contributions, Alaska 529 college savings, backup withholding, garnishments, and/or assignments.
The state’s Federal Tax Identification number is 92-6001185, and the mailing address is “Permanent Fund Dividend Division, PO Box 110462. Juneau, AK 99801-0462.”

Important Announcements Regarding Backup Withholding

For Taxpayer Identification Number (TIN) matching, a list of PFD applicants, along with their Social Security numbers, was provided to the IRS in May. The applicants whose provided information on the PFD file does not match the information on the IRS file will be considered flagged. These applicants can correct and update the information during the summer; otherwise, they will be subject to 24% IRS backup withholding when their PFD is issued.

Note: The above condition will also be applied if no Social Security Number is provided. To get tax documents for paid PFDs or to correct your information, please use the myPFD portal

Frequently Asked Questions (FAQs)

Yes, the Alaska Permanent Fund Dividend and the Energy Relief Payment for 2024 have been combined and paid in a single payment, per the passage of House Bill 268 in 2024.