Alaskans are buzzing with excitement about a $1,702 payment coming their way in 2025 through the state’s Permanent Fund Dividend (PFD) program. This cash boost, often called a “stimulus check,” isn’t tied to federal COVID relief but comes from Alaska’s unique system of sharing oil and gas profits with residents. For 2025, the payment combines a base dividend of $1,403.83 and an energy relief bonus of $298.17 to help with rising costs like fuel and groceries. Here’s everything you need to know about who qualifies, when the money arrives, and how to make sure you get it.
What Is the Permanent Fund Dividend?
Started in 1976, the PFD program shares Alaska’s oil and mineral wealth with its people. Each year, the state sets aside a portion of its resource earnings in the Alaska Permanent Fund and distributes part of it to eligible residents. In 2025, the total payout is $1,702 per person, a 30% jump from 2024’s $1,312, thanks to higher oil revenues. This payment helps families cover essentials, save for the future, or even splurge a little, boosting both household budgets and the local economy.
Who Can Get the $1,702 Payment?
To grab this payment, you need to meet specific rules set by the Alaska Department of Revenue. Here’s a quick breakdown:
| Requirement | Details |
|---|---|
| Residency | Live in Alaska for the full 2024 calendar year. |
| Application Deadline | Submit your PFD application by March 31, 2025. |
| Eligibility Status | Approved applications marked “Eligible-Not Paid” by June 11, 2025, qualify. |
| Taxable Income | The $1,702 is federally taxable, reported on Form 1040, Schedule 1, line 8g. |
Even kids can qualify, but each person needs their own application. If you miss the deadline or don’t update your info, you could lose out. Check your status on the Alaska Department of Revenue’s website to stay on track.
When Will the Money Arrive?
The payment schedule is straightforward but depends on your application status. Those with approved applications by June 11, 2025, got their $1,702 on June 18, 2025, mostly via direct deposit. The next big payout is set for July 17, 2025, for anyone approved after that. If you’re waiting on a paper check, it might take a bit longer, so make sure your bank details are up to date with the state. Missing payments? Use the PFD’s online portal to track your status and avoid delays.
How to Make Sure You Get Paid
Applying for the PFD is simple but requires attention. You can apply online through the Alaska Department of Revenue’s website from January 1 to March 31, 2025. Double-check your residency records and personal info, like your address and bank account, to avoid hiccups. If your application is marked “Eligible-Not Paid” by July 9, 2025, you’re on track for the July 17 payout. For help, contact the PFD office directly or visit their website for FAQs and support. Acting early ensures you don’t miss out on this cash.
Why This Payment Matters
The $1,702 payment is a lifeline for many Alaskans, especially in remote areas where fuel and food costs are sky-high. Unlike federal stimulus checks, this program is a yearly tradition that reflects Alaska’s commitment to sharing its natural wealth. With inflation still pinching wallets, this money can cover bills, fund education, or build savings. Some families use it for big purchases, like winter gear or home repairs, while others save it for emergencies. Whatever you choose, this payment is a chance to ease financial stress and plan wisely.