$1,702 Stimulus Check: Who Qualifies and When Will It Arrive?

$1,702 stimulus check: The Alaska Permanent Fund Dividend (PFD), also known as the state’s Permanent Fund Benefit, is a special program of the Alaska government. The plan distributes revenue from Alaska’s natural resources especially oil to state residents. The system has been in place since 1976 and is being distributed in 2025 with an additional “Energy Assistance” payment totaling up to $1,702.

PFD’s Origin and Form

For the past several years, the Alaska government has been distributing a portion of oil revenue to state residents under this plan. The idea is to make sure that money does not end up in the drain and instead the coming generation will get its share of money also. The Alaska Permanent Fund Corporation (APFC) manages the fund and invests the money in stocks and the stock market, bonds and property.

How the amount is determined: $1,702 explained

• Regular Dividend: $1,403.83
• Addition Energy Assistance: 298.17
• Total price: 1,702 dollars (calculated as of 2024)
• In the year 2025, this figure will probably be at least the number of 2022.

Payment dates

• April 17, 2025: If your status was “Eligible‑Not Paid” as of April 9
• May 15, 2025: If status remained as of May 7
• June 18, 2025: If eligible as of June 11
• As of these dates, applicants whose status is eligible will receive timely payments.

Eligibility conditions

• Permanent resident: You need to have resided in Alaska throughout the entire 2024 and you will continue residing in Alaska in the future.
• Physical presence: Has to be a resident in Alaska with at least 72 hours during 2023 or 2024.
• Long absence: Absences longer than 180 days must be for education, medical treatment or military service only.
• Criminal record: You may be ineligible if you have a felony conviction or multiple character convictions in 2024.
• Application deadline: Applications submitted online or by mail after March 31, 2025 will not be considered.
• REAL ID note: Holding a driver’s license in another state may affect eligibility.

Application Process

• Visit the website: pfd.alaska.gov
• Create a My Alaska account/login
• Fill out the application form: including personal information, proof of residence, bank details
• Make sure to include a statement of absence (upload required documents if applicable)
• Submit on time: Complete the application process in March 2025

Avoid the following mistakes while applying:

• Not submitting on time
• Incorrectly entering bank or mailing information
• Not submitting a statement of absence
• Applying with irregular documents

Is this payment taxable?

The state of Alaska does not tax it, but at the federal level the Internal Revenue Service (IRS) considers it as taxable income This amount will need to be reported on the 2025 tax return.

What if the application is late?

• The application will stop after March 31, 2025.
• Under such a circumstance, you will need to reapply next within 2026.

Why is it important?

This stimulus check is a direct benefit of the prosperity of the state of Alaska, especially in the oil-rich state, it is like a symbol of growth This amount provides important relief for the low-income group, students, elderly and other economically weaker categories.

Things to keep in mind

• Important information Details Check eligibility All documents are correct, and the application is submitted on time
• Tax returns will need to be given to the IRS for this amount; keep track of filing time
• Keep a record Emails/copies related to the application and address and track the status of the application

Conclusion:

This scheme makes it clear that the riches of the state should reach the citizens directly. If you are staying in Alaska till 2024, then the opportunity to get the amount of $1,702 is available to you too Just apply on time, give the right information, and do not forget to report to the IRS.

FAQs