$1,702 Stimulus Payment for Everyone – In this period of inflation, unemployment and hardships of life, when the common man is breaking his back, the financial assistance provided by the government is no less than a life saving measure. Especially for those who are managing their families with limited income. The US state of Alaska has taken a sensitive and bold decision for its citizens in the year 2025. The state government has announced that eligible residents will be given a relief amount of $1,702, which is being provided under the Alaska Permanent Fund Dividend (PFD) plan.
This relief is being distributed between May and July 2025. For those receiving this assistance, it is not only a financial support, but also a sign that their state is committed to their future and well-being.
What is the Alaska Permanent Fund Dividend (PFD) and what is its purpose?
The PFD plan was started in 1976. Its purpose was to make the income from Alaska’s natural resources—especially oil reserves—available to the general public, rather than limiting it to government or corporate profit. The fund is managed by the Alaska Permanent Fund Corporation (APFC), which invests the money in a variety of investment vehicles—such as stocks, bonds, commodities and real estate—around the world.
Each year, a portion of the profits from this fund is distributed among the citizens of Alaska, called the PFD. This is not just an economic plan, but an example of social justice, in which the wealth of the state is distributed equally among the citizens.
This scheme not only provides financial support to the citizens, but also creates an emotional connection that the state values them.
How much amount will be distributed in July 2025 and how?
A total of $1,702 is being given under this scheme in the year 2025, which is divided into two parts:
- $1,403.83: This is the regular dividend, which is fixed on the basis of the annual income of the fund.
- $298.17: This is an additional bonus, which has been approved by the state government in the form of Energy Relief Assistance.
This amount has been decided on the basis of the performance of the fund in 2024 and according to experts, it is likely to remain in the same range in 2025 as well. If you live alone, it will give relief to your monthly budget, and if you are with family, it will prove to be extremely useful during the winter season—when energy consumption increases.
Who is eligible? Know the requirements
The eligibility criteria for PFD are clear and practical, but it is imperative to meet them correctly:
- You must live in Alaska for all of 2024 and declare it as your permanent residence.
- You must show at least 72 hours of physical presence in Alaska in 2023 or 2024.
- If you have been out of state for more than 180 days, you must provide a valid reason (such as studies, treatment or military service).
- You must not have any serious criminal case against you in 2024.
- Each person has to apply separately. A separate form is also required for children.
- If you have a driver’s license or registration from another state, it may affect your eligibility.
Application Process: How to apply online?
The application process for PFD is completely online and simple, provided you have all the required information and documents:
- Visit the website: pfd.alaska.gov
- Login to myAlaska Account or create a new account.
- Fill in your personal information, bank details and documents such as proof of residence.
- If you have been temporarily outside Alaska, upload proof of the same (such as a school certificate, medical document or proof of military service).
- Check all the information closely before submitting.
- The application deadline was April 2025, but those with the status “Eligible-Not Paid” are being paid in July 2025.
Tentative payment dates in July 2025
If your application is approved in the status of “Eligible-Not Paid”, the payment can be made as per these dates:
| Status Approved By | Expected Payment Date |
|---|---|
| By July 9, 2025 | July 17, 2025 |
| By July 16, 2025 | July 24, 2025 |
| By July 23, 2025 | July 31, 2025 |
If you have applied on time and your information is found to be correct, the amount will be transferred directly to your bank account.
What mistakes should be avoided?
Sometimes small mistakes deprive you of a large amount. Below are some common mistakes that you should avoid:
- Missing the application deadline
- Giving incorrect or outdated bank information
- Hiding information about leaving Alaska
- Uploading incomplete or incorrect documents
Keep in mind, it is your responsibility to avoid these mistakes. A small mistake can make you lose the relief amount of $1,702.
Will I have to pay tax on this amount?
This is a very important question. The state of Alaska does not levy any tax on this amount, but the US Federal Government (IRS) considers this amount as Taxable Income. That is, if your total income falls in the tax slab, then you may have to pay tax on this amount.
So plan for income tax in advance, so that there is no financial confusion or shock while filing the return.
What if you did not apply?
If you do not apply by April 2025, unfortunately you will be deprived of this year’s relief amount. The PFD scheme does not accept late applications. Now you have to wait for the next time i.e. 2026.
This situation also teaches that the benefits of government schemes can be availed only by applying on time.
Conclusion: Apply on time and get relief amount
This is not just a financial assistance, but this amount of $1,702 is a symbol of the trust that a state shows on its citizens. Whether you are alone or with a family, this amount can bring a positive change in your life.
All you need is the right information, the right time and a little caution.
Remember:
- Understand and fulfill every eligibility condition carefully.
- Keep the necessary documents ready in advance and fill in the correct information.
- Keep checking the application status and payment date regularly.
A little preparation, a little awareness and a little caution—this is the key to taking full advantage of this relief scheme.
FAQs
Q. What is the $1,702 stimulus payment in Alaska?
A. This is a relief payment under the Alaska Permanent Fund Dividend (PFD) in 2025, consisting of a regular dividend and an energy relief bonus.
Q. How much is the PFD amount in 2025?
A. $1,403.83 as the regular dividend and $298.17 as energy relief, totaling $1,702.
Q. Who is eligible for the payment?
A. Residents who lived in Alaska throughout 2024, were physically present for at least 72 hours in 2023/2024, and meet other specific conditions.
