In 2025, eligible Alaskans will receive a one-time payment of $1,702 through the state’s Alaska Permanent Fund Dividend (PFD) program. This payment is designed to provide essential financial relief, especially as residents cope with rising energy prices and inflation. Whether you’re a first-time applicant or a returning recipient, this article offers all the details you need, from eligibility requirements to payment timelines, and how to apply.
What is the $1,702 Stimulus Check?
The $1,702 stimulus check comes from the Alaska Permanent Fund, which is funded by revenues generated from the state’s oil and mineral leases. Every year, the state distributes a portion of the fund’s earnings to its residents. In 2025, eligible individuals will receive a total of $1,702, which includes:
- $1,403.83 – The base Permanent Fund Dividend (PFD)
- $298.17 – Energy relief payment to help with rising energy costs
This combined payment is a vital source of support, especially for those living in remote or rural areas of Alaska, where the cost of living is significantly higher than in other parts of the country.
Key Details About the $1,702 Stimulus
| Feature | Details |
|---|---|
| Payment Amount | $1,702 total ($1,403.83 base + $298.17 energy relief) |
| Eligible Residents | Alaska residents meeting state residency and legal criteria |
| Application Window | January 1 – March 31, 2025 |
| Payment Dates | March 20, April 17, May 15, 2025 |
| Distribution Methods | Direct deposit or paper checks |
| Tax Status | Taxable at the federal level |
| Official Website | pfd.alaska.gov |
Who Is Eligible for the $1,702 Stimulus Payment?
To qualify for the 2025 PFD, applicants must meet the following criteria:
- Residency: Must have been an Alaska resident for the entire year of 2024 and intend to remain an Alaska resident.
- Absences: Absences of up to 180 days are excusable if the individual was attending college, serving in the U.S. military, receiving medical treatment, or accompanying a spouse or dependent in any of these situations.
- Criminal Convictions: Applicants must not have been convicted of certain crimes or incarcerated during the qualifying year.
- Physical Presence: Must have been physically present in Alaska for at least 72 consecutive hours in either 2023 or 2024.
- Dependents: Children and dependents are eligible if their parent or legal guardian applies on their behalf.
How to Apply for the $1,702 Stimulus
Applying for the PFD is straightforward and free. Follow these steps to apply:
- Visit the official website: pfd.alaska.gov
- Create or log into a myAlaska account.
- Complete the online PFD application.
- Submit required documents, such as proof of residency, dependents, or unique circumstances.
- Choose your payment method: Direct deposit is recommended for faster processing.
Payment Timeline
The PFD checks will be distributed in three waves in 2025. Here’s the official payment schedule:
- March 20, 2025: For early applicants approved by March 12
- April 17, 2025: For applications approved by April 9
- May 15, 2025: For applications approved by May 7
Payments will be made via direct deposit or paper checks, depending on the method chosen during the application.
What If You Miss the Deadline?
The deadline to apply for the 2025 PFD is March 31, 2025. Unfortunately, late applications will not be accepted, except under certain hardship exceptions. If you miss the deadline, you can apply during the next cycle, starting January 1, 2026.
Tax Implications of the $1,702 Payment
The PFD payment is taxable at the federal level. You’ll need to report the income on your federal tax return. The Alaska Department of Revenue will send a Form 1099-MISC if you received a payment.
How the PFD Differs from Federal Stimulus Payments
While both the Alaska PFD and federal stimulus checks are aimed at providing financial relief, there are key differences:
| Feature | Alaska PFD | Federal Stimulus |
|---|---|---|
| Source | State oil revenues | U.S. federal government |
| Frequency | Annual | One-time or periodic during emergencies |
| Eligibility | Based on residency and legal criteria | Based on income, household status, and citizenship |
| Taxability | Taxable at the federal level | Typically non-taxable |
How to Make the Most of Your $1,702 Payment
It’s easy to fall into the temptation of spending the stimulus money impulsively, but financial experts recommend allocating the payment thoughtfully. Here are some ways to make the most of the $1,702:
- Pay off high-interest debt: Use the payment to reduce credit card debt or payday loans.
- Build an emergency fund: Having savings can provide security in case of unexpected expenses.
- Invest in energy-efficient upgrades: This is especially useful if you live in a colder region of Alaska.
- Start saving for the future: Consider investing in retirement accounts or furthering your education.
- Treat your needs first: Set aside funds for essential expenses like food, utilities, and transportation.
Impact of the PFD on Alaska’s Economy
The PFD injects hundreds of millions of dollars into the Alaskan economy each year. It plays a significant role in supporting families, particularly in rural areas where the cost of living is high. The PFD has also sparked ongoing debates about whether the state should increase payouts or use more of the fund for state services like education and infrastructure.
Frequently Asked Questions (FAQs)
Q: Is the PFD payment available outside of Alaska?
No, only residents of Alaska who meet the eligibility requirements are eligible for the PFD.
Q: Do children receive the PFD?
Yes, children are eligible for the PFD, but their parent or guardian must apply on their behalf.
Q: Can I apply if I moved to Alaska in 2024?
No, you must have been a resident of Alaska for the entire calendar year 2024 to be eligible.
Q: What if I was out of state for part of the year?
Certain absences are allowed, such as military service or attending school.
Q: What if my application is denied?
You have 30 days from the denial notice to appeal the decision. Appeal instructions can be found on your myAlaska portal .
