The Alaska Permanent Fund Dividend application period will commence on 01 January 2026 for the FY 2026. The Governor’s Proposed Budget for FY 2026 suggests a big boost for the PFD payout. Alaskans wondering about the PFD payment can check the full details here.
The State of Alaska offers an annual payment to eligible residents from the revenue generated from the state’s oil and minerals. The payout depends on each year’s investment earnings, hence it is not the same every year.
The fund intends to put the money back into the pockets of the residents and share the revenue to support them with the cost of living. The 2025 PFD is $1000 with $702 energy relief supplement, whereas the PFD for 2024 was $1702.
What is the projected Alaska PFD payout for 2026?
The Alaska Permanent Fund Dividend depends on the revenue generated from the state’s oil and mineral resources in one calendar year. The State Department of Revenue fall revenue forecast says the state will receive around $15.7 revenue in FY 2026.
According to Governor Mike Dunleavy’s proposed budget for the FY 2026, the capital budget and operating budget will be around $14.2 billion. The governor said their mission is to offer a balanced budget and bring more investment to Alaska. The proposed budget estimated the Alaska PFD payout for the eligible Alaskans to be around $3,892.
However, this is just an estimation; the final amount will depend on the Permanent Fund Investment earnings, offset by state services, and the budget. But one thing is sure, it will be higher than the 2025 PFD payout, and there is a high chance of it exceeding the $2000 amount.
What’s the reason for big payout expectations and projections?
Let’s understand the reason for the big payout expectations of the Alaska PFD for 2026 from the following factors:
- Government HB359: The government introduced the bill to amend the Alaska PFD amount to a one-time payment of $5000 in 2026, and an additional payment of $5000 in 2027 and 2028. The individuals will get the chance to opt for the one-time payment, though this bill has not been passed, but it shows the government is considering increasing the PFD payout.
- Revenue: The projected revenue for FY 2026 is quite high, that is, $1.76 billion for each year between 2026 -2035, so the PFD amount expectation is obviously high.
- State’s Constitutional Budget: The report says the PFD amount can be higher in 2026 if the state decides to spend the money from the State’s constitutional Budget Reserve.
Who can claim the Alaska PFD 2026?
The Alaskans who meet the following conditions will receive the dividend payment from the PFD 2026:
- You must be living in the state of Alaska in 2025 if you are applying for the 2026 PFD.
- You have not claimed residency in other US states or never claimed any benefit from other states since December 2023, and are planning to settle in the State of Alaska.
- In the FY 2024-25, you must have lived in the state for more than 72 consecutive hours during the fiscal year.
- If you were not present in the state for more than 180 days, you must be absent on an allowable absence.
Exclusion:
- You were incarcerated or sentenced during 2025 for a crime or a felony, or you have been in prison for at least two or more felony or misdemeanor convictions since January 1, 1997.
How to file for the Alaska PFD 2026?
Alaskans who qualify for the PFD benefit have to apply every year during the application period, starting from January 01 to March 31; however, there can be an exception to the deadline for people with disability. military members, or filing for a person who has died during the application period.
To complete your application for the Alaska PFD 2026 online, you will have to follow the following steps:
- Go to the Alaska PFD official page at https://pfd.alaska.gov/
- Next, you will find the clickable link for the online application whenever the application portal is open.
- Now, you can file with your myAlaska username or other online application options.
- Once you are logged into the portal, fill up the application form, and submit it online.
- Consider your Alaska PFD application complete once you receive the confirmation number.
The Alaska PFD 2026 application period will soon open for FY 2026, and the residents can expect the payout to be higher based on the budget proposal. The final decision is yet to be made, so wait for the final announcement from PFD.
Disclaimer: Alaska PFD 2026 details are for informational use only. Verify payment info on the official Alaska PFD website.
