In 2025, many Alaskans are once again seeing a welcome financial boost thanks to the annual $1,702 Stimulus Payment from the state’s Permanent Fund Dividend (PFD) program. This year’s payment is split into two disbursements, helping eligible residents offset rising living costs and share in the wealth generated from Alaska’s vast natural resources.
If you live in Alaska or plan to apply for this year’s $1,702 Stimulus Payment, here’s your complete guide to understanding how it works, who qualifies, how to apply, what dates to remember, and how this money might affect your taxes.
What Is the Alaska Permanent Fund and the $1,702 Stimulus Payment?
The $1,702 Stimulus Payment isn’t a federal relief check — it’s part of the Alaska Permanent Fund Dividend (PFD), a unique program created in 1976 to distribute a portion of the state’s oil wealth directly to its residents. The fund is managed by the Alaska Permanent Fund Corporation (APFC), which invests earnings from oil revenues into diversified assets such as:
- Stocks and bonds
- Real estate
- Private equity
- Infrastructure and other financial vehicles
Every year, a portion of the fund’s earnings is paid out to qualifying Alaskans as a dividend. The amount varies depending on how well the fund performs in the previous year. For 2025, this year’s $1,702 Stimulus Payment includes a base dividend plus an energy relief bonus of $298.17.
How Much Is the 2025 PFD?
The total $1,702 Stimulus Payment is made up of two parts:
- Base PFD Amount: Derived from investment earnings on the state’s oil revenue
- Energy Relief Bonus: A supplemental payout to help residents cope with rising energy costs
The fund’s performance in 2024 helped set the 2025 PFD amount, and the bonus was added as a response to inflation and high utility bills across the state.
2025 $1,702 Stimulus Payment Schedule
The state of Alaska distributes the $1,702 Stimulus Payment in two main payment waves. The payment you receive will depend on when your application was submitted and approved.
| Application Status | Expected Payment Month |
|---|---|
| Approved by April 2025 | May 2025 |
| Approved after April, before Sep | October 2025 |
If your application was processed early, you’ll receive your money in May. If not, you’ll likely get it in October. Payments are either direct deposited into your bank account or sent via check depending on your preferences.
Also Read – $1,702 Stimulus Payment for Everyone – July 2025 Full Payment Schedule
Who Is Eligible for the $1,702 Stimulus Payment?
To receive the 2025 $1,702 Stimulus Payment, you must meet strict residency and eligibility requirements. Here’s a breakdown of who qualifies:
✅ Full-Year Residency: You must have been a resident of Alaska for the entire calendar year of 2024
✅ Intent to Stay: You must plan to remain a resident indefinitely
✅ No Dual Residency: You cannot claim residency in another state or country during 2024
✅ Physical Presence: You must have been physically present in Alaska for at least 72 consecutive hours in 2024 (some exceptions apply)
✅ Criminal Record: You cannot have certain felony convictions or have been incarcerated during the qualifying year
⚠️ Important: Holding an out-of-state driver’s license or a REAL ID could raise red flags and potentially disqualify your application.
How to Apply for the $1,702 Stimulus Payment
Applying for your $1,702 Stimulus Payment is fast, free, and fully online. Here’s how to get started:
✅ Step 1: Visit the Official Portal
Go to pfd.alaska.gov – this is the only official site for submitting your application.
✅ Step 2: Create or Log In to Your myAlaska Account
You’ll need to use a secure myAlaska account to access the application.
✅ Step 3: Complete the Application
Carefully fill in your:
- Full legal name
- Social Security number
- Address and residency history
- Proof of Alaska residency (if requested)
✅ Step 4: Review and Submit
Double-check everything. Mistakes can delay your $1,702 Stimulus Payment or even lead to denial.
🗓 Deadline Alert:
The application closes in April 2025. No late submissions are allowed — no exceptions.
Common Application Mistakes to Avoid
Even small errors can delay your $1,702 Stimulus Payment or cause your application to be denied. Here are the most common mistakes:
- Using a nickname or incorrect legal name
- Entering an incorrect Social Security number
- Providing outdated or incorrect address information
- Failing to verify all uploaded documents
Every detail matters. Review your application carefully before hitting “submit.”
Is the $1,702 Stimulus Payment Taxable?
Yes, the $1,702 Stimulus Payment is considered taxable income at the federal level. While the state of Alaska doesn’t impose an income tax, the IRS requires that you report the PFD on your federal tax return.
Here’s how it may affect your taxes:
- It may increase your total taxable income
- It could push you into a higher tax bracket if you’re near the threshold
- It may reduce eligibility for certain federal benefits
💡 Tip: If you’re unsure about how to report the $1,702 Stimulus Payment, consult a certified tax professional or use reputable tax software.
What Happens If You Miss the Application Deadline?
Unfortunately, if you miss the April 2025 deadline for the $1,702 Stimulus Payment, there’s no grace period or appeal process. The only option is to wait and apply again in 2026.
That’s why it’s so important to:
- Mark the deadline in your calendar
- Double-check your application status
- Submit early to ensure timely processing
Why the $1,702 Stimulus Payment Matters in 2025
As inflation and household costs rise across the U.S., the $1,702 Stimulus Payment offers meaningful financial relief to Alaskans. Unlike federal stimulus checks, this program is funded by state-managed oil revenues and not reliant on Congressional approval.
Key benefits include:
- Helping residents cover rising utility and grocery costs
- Supporting low-income and rural communities
- Keeping money circulating in the local economy
- Promoting long-term residency and investment in the state
FAQs About the $1,702 Stimulus Payment
What is the total amount of the 2025 PFD?
The total $1,702 Stimulus Payment includes a $298.17 energy relief bonus.
Who qualifies for the payment?
Anyone who was a full-time Alaska resident during 2024 and meets all eligibility rules.
Can I apply if I moved to Alaska in 2025?
No. You must have lived in Alaska for all of 2024 to qualify for the 2025 payment.
What if I make a mistake on my application?
Mistakes may delay your $1,702 Stimulus Payment or lead to denial. Double-check every detail before submitting.
When will I receive my money?
If your application is approved by April, you’ll receive payment in May. Later approvals will be paid in October.
Is the payment taxable?
Yes. The $1,702 Stimulus Payment must be reported on your federal tax return, even though Alaska doesn’t tax it.
Final Thoughts: Don’t Miss Out on Your $1,702 Stimulus Payment
The $1,702 Stimulus Payment is more than just a dividend—it’s a powerful reminder of how Alaska shares its wealth with its people. Whether you’re a lifelong Alaskan or a recent resident, this yearly distribution can help ease financial stress and provide a little extra security during uncertain economic times.
But remember — this opportunity only comes once a year. If you’re eligible for the $1,702 Stimulus Payment, submit your application on time and make sure all your information is accurate. A few minutes of effort could result in over a thousand dollars directly in your pocket.
Don’t wait until it’s too late — apply early, stay informed, and enjoy the benefits Alaska provides.
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