As 2025 progresses, many Americans are eager to determine whether they qualify for IRS payments or the Alaska Permanent Fund Dividend (PFD). These financial benefits can provide crucial support, but eligibility varies based on factors such as previous tax filings and residency requirements. Here’s a breakdown of the key aspects related to IRS payments, unclaimed tax refunds, the Child Tax Credit, and the Alaska PFD.
IRS Payments: Who Can Claim and How?
Recovery Rebate Credit (Third Stimulus Check)
Individuals who did not receive the full third round of Economic Impact Payments in 2021 may still be eligible for the Recovery Rebate Credit.
Eligibility:
- Did not receive the full third stimulus check.
- Qualified for the payment in 2021 but did not file a tax return.
- Experienced changes in circumstances that now make them eligible.
Payment Amount:
- Up to $1,400 per individual.
- Additional amounts for qualifying dependents.
How to Claim:
- File a 2021 federal tax return before April 15, 2025.
- Visit the IRS Recovery Rebate Credit page for further details.
Unclaimed Tax Refunds from 2021
The IRS reports that over 1.1 million Americans have yet to claim tax refunds from 2021. Individuals who did not file their tax returns that year may still be entitled to money.
Eligibility:
- Did not file a 2021 federal tax return.
- Overpaid taxable income leading to a refund.
Estimated Refund Amount:
- Varies by state but is typically several hundred dollars.
How to Claim:
- File a 2021 tax return by April 15, 2025, to receive the refund.
Child Tax Credit (CTC)
Families who did not claim the expanded Child Tax Credit in 2021 may still have the opportunity to do so.
Eligibility:
- Had children under 18 in 2021.
- Met the necessary income requirements.
Payment Amount:
- Up to $3,600 per child under six.
- Up to $3,000 per child aged 6-17.
How to Claim:
- File a 2021 tax return by April 15, 2025.
- Visit the IRS Child Tax Credit page for more information.
Avoiding Tax Penalties
The IRS advises taxpayers to file and pay outstanding amounts by April 15, 2025, to avoid penalties, which can reach up to 25% of unpaid taxes. Additionally, beginning September 30, 2025, all Social Security checks and tax refunds will be issued electronically. Taxpayers should ensure their direct deposit information is up-to-date on the IRS website.
Alaska Permanent Fund Dividend (PFD) Payments
The Alaska PFD offers annual payments to qualifying state residents, sourced from Alaska’s oil revenue to distribute the state’s wealth among its population.
Eligibility:
- Must have been an Alaska resident throughout 2024.
- Must intend to remain in Alaska indefinitely.
- Must not have been convicted of specific crimes.
Application Period:
- Opened on January 1, 2025, and closed on March 31, 2025.
Estimated Payment Amount:
- The 2025 amount is expected to be around $1,400, based on previous years.
Payment Dates:
- If an application is in “Eligible-Not Paid” status by:
- March 12, 2025 → Payment issued on March 20, 2025
- April 9, 2025 → Payment issued on April 17, 2025
- May 7, 2025 → Payment issued on May 15, 2025
Conclusion
With the 2025 deadlines fast approaching, individuals eligible for IRS payments or the Alaska PFD should take the necessary steps to claim their benefits. Whether it’s a missed stimulus payment, an unclaimed tax refund, or a Child Tax Credit, filing a 2021 tax return by April 15, 2025, could result in significant financial relief. Similarly, Alaskan residents who applied for the PFD and meet the residency requirements can expect their payments in the coming months. Staying informed and proactive ensures that eligible individuals do not miss out on these essential funds.
