$1,702 Stimulus Payment for Everyone – June 2025 Full Payment Schedule

$1,702 Stimulus Payment for Everyone: An extremely special economic relief is declared to people of Alaska in the year 2025. The amount of this relief is 1,702 dollars that will be paid in May 2025 and October 2025. This will be distributed in the Alaska permanent fund dividend (PFD) program. The primary focus of this program is to share the proceeds of the national resources particularly oil with the state residents.

What is Alaska Permanent Fund Dividend?

In 1976, Alaska set up the Alaska Permanent Fund as a venture to save the revenue coming in through its oil deposits and impound them until the future generation. The Alaska Permanent Fund Corporation (APFC) manages the fund that invests in diverse investments across the world in terms of stocks, bonds, merchandise real estate among others.

A designated amount of the money that the fund attracts is given out as dividend to qualified residents of the state each year; this is referred to as the PFD.

What is the 2025 amount?

The 2025 PFD payment is scheduled to be $1,702 per person. It consists of:

• $1,403.83 in regular dividends
• and $298.17 in bonus money approved by the state as part of energy assistance.

This amount is based on 2024 performance and is expected to be about the same in 2025.

What are the eligibility requirements?

To be able to receive this benefit in 2025, it is necessary to correspond to the following conditions:

1. You should spend the whole of the year 2024 living in Alaska and should clearly indicate that you are coming to Alaska as a permanent resident.
2. You have to physically stay in Alaska a minimum of 72 hours in 2023 or 2024.
3. In case you are out of state more than 180 days, you have to give a valid cause- school, medical treatment, or military service.
4. You cannot participate in case you have a felony conviction in 2024 or multiple minor felony convictions..
5. Each person, even a child, must complete their own individual application, either online (at pfd.alaska.gov) or on paper.

Note: If you have a driver’s license from another state, especially one with a REAL ID, your eligibility may be affected.

How to apply?

The application process for PFD is straightforward, provided you take steps in the right direction:

1. Go to the official web site pfd.alaska.gov.
2. Sign in to the myAlaska Account or Sign Up to access it.
3. You will be asked to provide personal information, bank account and residence certificates as you fill the application.
4. In case you were not in Alaska (temporarily) upload the corresponding documentation.
5. Confirm all the information twice before eventually sending.

The application deadline is April 2025.

Possible payment dates

The date on which you will receive your PFD amount depends on your application status:

• The payment will go to those whose status was accepted as Eligible-Not Paid until 9 April 2025 and it will be made on 17 April 2025.
• The individuals who will have the same status until 7 May 2025 will be paid on 15 May 2025.
• And those that are Eligible till 11 June 2025 will be paid out on 18 June 2025.

What mistakes should be avoided?

Any minimal carelessness on your side would halt your payment. Care is to be taken to avoid the following locutions:

• Late application deadline
• Giving wrong or old details of banking information
• Keeping secrets regarding leaving Alaska
• Lacking adequate documentation or seemed to be incomplete documents

Important Tax Information

Although the state of Alaska does not tax this benefit, the U.S. Federal Government (IRS) considers it taxable income.

• This amount is thus to be declared in your tax returns in 2025.
• When your salary falls under the bracket to pay tax, anticipate the tax deduction in advance to avoid receiving a shock in the future..

What if you don’t apply?

In case, you cannot apply before April 2025, you have no chance. The state of Alaska does not allow late applications. At that, in that case, you would have to wait till next year that is 2026.

Conclusion: Apply on time and get benefits

The 1702 amount of PFD is a financial salve to each of the deserving Alaska residents. This payment can mean a lot in your life whether you are leading single life or have a family.

Just make sure that:

• You perfectly fit the requirements.
• Make application prior to the application deadline.
• Provide your information correctly and give all the necessary documents.

Given a bit of planning and knowledge, this can be achieved quite easily by May 2025.

To find out more, log on to the official site of pfd.alaska.gov.

FAQs