Alaskans are set to pocket a $1,702 stimulus payment in 2025 through the state’s Permanent Fund Dividend (PFD) program, a unique system that shares oil revenue with residents. This annual payout helps families pay bills, buy groceries, or save for the future. With payments rolling out through June 2025, excitement is building across the state. Here’s the lowdown on who qualifies, when the money arrives, and how to make sure you get your share, based on the latest updates from the Alaska Department of Revenue.
What’s the $1,702 Payment All About?
The PFD takes Alaska’s oil wealth and spreads it to residents through a yearly check. In 2025, each eligible person gets $1,702, which includes a $1,403.83 regular dividend and a $298.17 energy relief bonus to help with high fuel costs. The Alaska Permanent Fund Corporation invests oil money in things like stocks and real estate, using the profits to fund these payments. Started in 1976, the program boosts local businesses and helps families. Unlike some federal stimulus checks, this payment counts as taxable income, so plan to report it on your 2025 federal taxes.
Who Can Grab the Cash?
To get the $1,702, you need to meet Alaska’s rules. You must have lived in the state for all of 2024 and plan to stay long-term. You also need to have been in Alaska for at least 72 hours in the past two years. If you were in jail for a felony or certain misdemeanors in 2024, you’re not eligible. Kids and adults can both qualify, but you must apply by March 31, 2025, online at pfd.alaska.gov or by mail by April 1. Missing the deadline means no payment until 2026.
| Eligibility Details | Requirements |
|---|---|
| Residency | Lived in Alaska all of 2024 |
| Physical Presence | 72+ hours in past 24 months |
| Criminal Record | No felonies or certain misdemeanors in 2024 |
| Application Deadline | March 31 (online), April 1 (mail) |
| Payment Amount | $1,702 per person |
When Will the Money Show Up?
Payments start in spring and continue into summer, based on when your application is approved. If your application is cleared by April 9, 2025, you’ll get paid on April 17. Approvals by May 7 mean a May 15 payment, and those okayed by June 11 will see cash on June 18. Direct deposit is the fastest way, but paper checks are an option. To avoid delays, update your bank info and address on the PFD website. Applications in “Eligible-Not Paid” status by June 11, 2025, will be paid on June 18, according to the Alaska Department of Revenue.
How to Apply Without Hassle
- Apply online at pfd.alaska.gov with a myAlaska account by March 31.
- Submit proof of residency and bank details to avoid delays.
- Stick to the official PFD website to steer clear of scams.
- Save some of the $1,702 for taxes, as it’s taxable by the IRS.
Applying is easy through pfd.alaska.gov or by mailing a paper form by April 1. Mistakes like wrong addresses or missing documents can slow things down. Scammers may try to trick you, so never share personal info with unsolicited calls or texts. If you’re worried about your application status, check “myPFD” online or call the PFD office.
A Big Win for Alaska
The $1,702 payment is a game-changer for folks like Tom Harris, a dad in Juneau, who plans to use it for his kids’ school costs. “It’s a huge help every year,” he said. Over 600,000 Alaskans get the PFD, boosting local stores and restaurants. While some lawmakers debate capping future payments, the 2025 amount is set. Apply now at pfd.alaska.gov to secure your cash by June. This payment could be just what you need to make 2025 a little easier.