There is a good news Stimulus Payment for the residents of Alaska! Under the Permanent Fund Dividend (PFD) payment plan of the year 2025, assistance amount of $1,702 is being given to the people. This amount has been started to be given from today.
This payment is made every year from the state’s oil and gas revenue, so that the people there can easily meet their essential needs like food, household expenses and medical expenses.
What is the complete breakdown of the payment?
The total amount for 2024 is $1,702, divided into two parts:
- $1,403.83 — Permanent Fund Dividend
- $298.17 — Energy Assistance
This money will not be paid all at once, but in multiple phases, depending on when your application is approved.
Payment Schedule
People whose application is in “Eligible-Unpaid” status will get payment as per the schedule given below:
Application Approval Date Payment Date
| Status Date | Payment Date |
|---|---|
| March 12, 2025 | March 20, 2025 |
| April 9, 2025 | April 17, 2025 |
| May 7, 2025 | May 15, 2025 |
This means that if your application is in “Eligible-Unpaid” status by these dates, then you will get payment on the scheduled date.
✅ Who is eligible?
If you want to avail this scheme for 2025, then you have to fulfill the conditions given below:
- Residency: You must have lived in Alaska for the entire previous year (2024) and intend to stay there in the future as well.
- Physical Presence: Must have spent at least 72 hours in Alaska in the past 24 months.
Criminal Record:
- No felony convictions in the past 12 months.
- No more than two misdemeanors since January 1, 1997.
How to apply (Application Process)
- Application deadline: March 31, 2025
- You can apply:
- Online: pfd.alaska.gov
- By mail: Send to Alaska Department of Revenue
Exceptions
There are some people who can apply under special circumstances:
- People with disabilities who need help applying
- Families who are claiming benefits for a deceased person
- Military personnel who had to perform duty in a dangerous situation in a combat zone during the application
- Such people should contact the Alaska Department of Revenue directly.
Finally – Why is this payment important?
Permanent Fund Dividend (PFD) is a very important financial assistance for the people of Alaska. It helps them meet their essential needs. If you have not applied yet, do not delay – apply before March 31, 2025, so that you can get this help of $1,702.
FAQs
1. Who is eligible for the $1,702 stimulus payment?
Eligibility is typically based on income, tax filing status, and whether you meet specific criteria set by the IRS or the government program offering the stimulus. Most often, low-to-moderate-income individuals and families, Social Security recipients, and veterans may qualify.
2. When will the $1,702 stimulus payment be deposited?
Exact deposit dates vary depending on when the program is officially launched and processed. Eligible individuals can usually expect payments via direct deposit or mailed checks within a few weeks after approval or filing.
3. How will I receive the $1,702 payment?
Most eligible recipients will receive the payment through direct deposit into the bank account on file with the IRS. If no bank info is available, a paper check or prepaid debit card may be mailed.
4. Do I need to apply to receive this stimulus?
If you’re eligible and filed taxes recently, you may not need to apply. However, non-filers or those with changes in income or dependent status may need to submit updated information to the IRS or through a government portal.
5. Will this stimulus affect my tax refund or future benefits?
No. Stimulus payments are not considered taxable income and generally do not affect your tax refunds or eligibility for other federal benefits like SNAP or Medicaid.