Many headlines have called the new $1,702 payment a “stimulus check”, but in reality, it is part of Alaska’s Permanent Fund Dividend (PFD) program. Funded by oil and mineral revenues, this annual payout provides financial relief to residents and is set to roll out between August and October 2025. Here’s everything you need to know about eligibility, payout dates, and important updates.
Who Is Eligible for the $1,702 Payment?
To qualify for the 2025 Alaska PFD, applicants must:
- Be an Alaska resident for the entire year of 2024.
- Intend to remain in Alaska indefinitely.
- Not claim residency in another state after December 31, 2023.
- Be physically present in Alaska for at least 72 consecutive hours during 2023 or 2024.
- Avoid absences longer than 180 days (exceptions apply).
- Have no felony convictions or disqualifying incarcerations during 2024.
Payment Schedule for 2025
The Alaska Department of Revenue has announced a staggered schedule based on eligibility status:
- August 21, 2025 – For applicants marked as eligible by August 13.
- September 11, 2025 – For applicants eligible by September 3.
- October 2, 2025 – For applicants eligible by September 18.
- October 23, 2025 – For applicants eligible by October 13.
Why the Amount Is $1,702
The $1,702 payout is a combination of the base dividend from Alaska’s oil revenue investments plus an energy relief bonus. This calculation is made using a 75-25 formula, where 75% supports public services and 25% funds direct resident payouts.
Not a Federal Stimulus Check
It’s important to clarify that this is not an IRS-issued federal stimulus check. Only residents of Alaska who meet the strict PFD eligibility criteria will receive the payment.
Conclusion: The $1,702 Alaska PFD payment offers important financial relief to residents, with the first round beginning on August 21, 2025. While it may be referred to as a “stimulus check,” it is actually a state-funded dividend, not a federal payment. Eligible Alaskans should ensure their applications are complete and updated to avoid delays in receiving funds.
Disclaimer: This article is for informational purposes only. Eligibility, payment dates, and amounts are based on the latest updates from Alaska’s Permanent Fund Dividend Division. Applicants should always confirm details directly on the official PFD Division website for the most accurate information.
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