$1,702 Stimulus Payment : On July 19, 2025, thousands of Alaskans will see a $1,702 stimulus payment hit their bank accounts, bringing relief to families facing rising costs. This payment, part of the state’s Permanent Fund Dividend (PFD) program, shares Alaska’s oil wealth with its residents. Unlike federal stimulus checks, this is a unique state program designed to ease financial burdens and encourage people to stay in Alaska. If you’re an eligible resident, this money could help with groceries, bills, or winter heating costs. But there are rules to follow, and missing them could mean waiting until 2026. Here’s everything you need to know to claim your share.
What Is the $1,702 Payment?
The $1,702 stimulus comes from Alaska’s Permanent Fund, started in 1976 to share profits from the state’s oil resources. Each year, eligible residents get a dividend, and for 2025, it’s set at $1,702 per person. This includes a base dividend of $1,403.83 plus a $298.17 energy relief bonus to help with high fuel and heating costs. The payment is a lifeline for many, especially in rural areas where living expenses are steep. Unlike federal stimulus checks, this program runs every year, but you must apply and meet strict requirements.
Who Can Get the Payment?
To qualify for the $1,702, you must meet specific criteria set by the Alaska Department of Revenue. You had to live in Alaska for all of 2024 and plan to stay permanently. You also need to have been physically present in the state for at least 72 hours in 2023 or 2024. People with certain criminal convictions, like felonies, don’t qualify. If you spent more than 180 days outside Alaska without a valid reason (like military service or school), you might be denied. Kids are eligible too, but parents must apply for them separately.
| Eligibility Criteria | Details |
|---|---|
| Residency | Lived in Alaska all of 2024, intend to stay permanently |
| Physical Presence | At least 72 hours in Alaska during 2023 or 2024 |
| Criminal Record | No felony or certain misdemeanor convictions in 2024 |
| Application Deadline | March 31, 2025, via myPFD.alaska.gov |
How to Claim Your Money
The application window for the 2025 PFD closed on March 31, 2025, so if you didn’t apply, you’ll have to wait until next year. If you applied and your status is “Eligible-Not Paid” by July 9, 2025, your payment will arrive on July 19, 2025. You can apply online at myPFD.alaska.gov using a myAlaska account. Make sure your bank details and address are correct to avoid delays. Direct deposit is the fastest way to get your money, but paper checks are mailed if you don’t set up direct deposit. Double-check all documents, as mistakes like wrong bank info or missing residency proof can stop your payment.
Is the Payment Taxable?
While Alaska doesn’t tax the PFD, the IRS counts it as taxable income. You’ll need to report the $1,702 on your 2025 federal tax return. If your income is low enough to avoid taxes, this might not affect you. But for most, it’s smart to set aside some of the payment for taxes to avoid a surprise bill. Plan ahead and talk to a tax professional if you’re unsure how this impacts your finances.
Watch Out for Scams
With any big payment, scams are a risk. The IRS and Alaska Department of Revenue never call or text asking for personal info like your Social Security number or bank details. Only trust updates from official sites like pfd.alaska.gov or IRS.gov. If you get a suspicious message, don’t share any information. Report it to the state or IRS. To stay safe, keep your myAlaska account secure and check your application status regularly.
This $1,702 payment is more than just money—it’s Alaska’s way of sharing its resources with its people. Whether you’re paying bills or saving for the future, this boost can make a difference. If you’re eligible, make sure your application is complete and your info is up to date. Missing the deadline or making errors means waiting another year. Stay informed, stay cautious, and enjoy this financial help from the Last Frontier