Tax season is here, and if you haven’t claimed your IRS tax refund or Alaska Permanent Fund Dividend (PFD), time is running out. The average tax refund is $3,453, while Alaska residents may be eligible for a $1,702 PFD payment.
With the April 15, 2025 deadline for tax refunds and the March 31, 2025 deadline for the PFD approaching, now is the time to file your claims. This guide covers everything you need to know, from eligibility and filing instructions to maximizing your refund and avoiding common mistakes.
Contents
IRS Tax Refund and Alaska PFD: Key Information
| Topic | Key Details |
|---|---|
| IRS Tax Refund | Average refund: $3,453 |
| IRS Deadline | April 15, 2025 |
| Alaska PFD Payment | 2025 payment amount: $1,702 |
| PFD Eligibility | Alaska residents meeting residency/legal rules |
| PFD Deadline | March 31, 2025 |
| Common Mistakes | Filing late, incorrect bank details, missing deductions |
| Filing Methods | E-filing (fastest), paper filing (slower) |
| Processing Time | IRS refunds: Within 21 days (e-filed) |
| PFD Processing Time | Issued in October 2025 |
If you’re eligible, filing on time ensures you get the money you deserve. Let’s break it down.
Understanding the IRS Tax Refund
What Is a Tax Refund?
A tax refund is money returned by the IRS if you overpaid in taxes during the year. Refunds typically result from:
- Excess withholding from your paycheck
- Tax credits that lower your tax bill
- Deductions reducing taxable income
Why Might Your Refund Differ From the Average?
The average refund is $3,453, but your amount may be higher or lower based on:
- Income level and tax bracket
- Deductions and credits claimed
- Filing status (single, married, etc.)
- State tax liabilities or refunds
How to Claim Your IRS Tax Refund
Step-by-Step Filing Guide
- Gather Documents:
- W-2s, 1099s, deduction receipts
- Last year’s tax return (for reference)
- Choose Your Filing Method:
- E-filing (Recommended): Faster, with refunds typically within 21 days
- Paper filing: Slower, taking 6+ weeks
- Claim Eligible Deductions & Credits:
- Earned Income Tax Credit (EITC) – For low- to moderate-income workers
- Child Tax Credit – For dependents under age 17
- Education Tax Credits – American Opportunity Credit for college expenses
- Double-Check Personal Information:
- SSN, income, and direct deposit details must be correct
- Track Your Refund:
- Use IRS Where’s My Refund? tool at IRS.gov
Maximizing Your IRS Tax Refund
- Contribute to a Retirement Account – Contributions to IRAs or 401(k)s reduce taxable income.
- Itemize Deductions – If deductions (e.g., mortgage interest, medical expenses) exceed the standard deduction, itemizing may yield a larger refund.
- Claim All Eligible Credits – Missing EITC or Child Tax Credit could mean losing thousands.
- Adjust Your Withholdings – If you consistently get large refunds, adjusting withholdings can put more money in each paycheck.
Avoiding Common Tax Mistakes
- Missing the April 15 Deadline – File on time or request an extension.
- Incorrect Direct Deposit Info – Errors may delay your refund.
- Forgetting Deductions & Credits – Overlooked tax benefits mean less money back.
- Filing an Incorrect Return – Ensure accurate income reporting to avoid audits.
Understanding the Alaska Permanent Fund Dividend (PFD)
What Is the Alaska PFD?
The Alaska Permanent Fund Dividend (PFD) is an annual payment given to Alaska residents from the state’s oil revenue earnings. For 2025, the PFD amount is $1,702.
Who Qualifies for the PFD?
To be eligible for the 2025 PFD, you must:
- Be a resident of Alaska for all of 2024
- Plan to remain in Alaska indefinitely
- Not have been absent for more than 180 days (exceptions for military, education, medical reasons)
- Not have felony convictions in 2024
How to Apply for the Alaska PFD
Step-by-Step Application Process
- Submit Your Application – Apply online at pfd.alaska.gov or use a paper application.
- Meet the March 31, 2025 Deadline – Late applications are not accepted.
- Provide Supporting Documents – Proof of residency, employment, or school attendance may be required.
- Wait for Processing – PFD payments are issued in October 2025.
Don’t leave money on the table. The average tax refund of $3,453 and Alaska PFD of $1,702 can provide a financial boost. To ensure you receive your refund or PFD payment, file your tax return by April 15, 2025 and submit your PFD application by March 31, 2025.
- E-file your tax return for the fastest IRS refund.
- Double-check eligibility and deadlines for both the IRS refund and PFD.
- Claim all tax credits and deductions to maximize your benefits.
Time is running out—file today to avoid missing out on money you’re entitled to.
FAQs
What is the deadline to file for an IRS tax refund?
The deadline to file your 2024 tax return is April 15, 2025.
How can I check my IRS tax refund status?
Use the IRS Where’s My Refund? tool at IRS.gov.
