Alaska residents are gearing up for a financial boost in July 2025, thanks to the state’s Permanent Fund Dividend (PFD) program. This unique initiative shares Alaska’s oil wealth with eligible citizens, offering a $1,702 payment this year. Unlike federal stimulus checks, this is a state program, not available nationwide. The payment includes a regular dividend of $1,403.83 and an extra $298.17 energy relief bonus to help with rising fuel costs. Here’s everything you need to know about the July 2025 payment, including eligibility, schedule, and key details.
What Is the $1,702 Payment?
The $1,702 stimulus is part of Alaska’s PFD program, which started in 1976 to distribute profits from the state’s oil and gas resources. Each year, eligible residents get a share of the Alaska Permanent Fund’s earnings. In 2025, the total payment combines the standard dividend with a one-time energy relief bonus, approved by the state legislature to ease the burden of high energy prices. This program is a lifeline for many Alaskan families, helping cover essentials like groceries, utilities, or even car repairs.
Who Qualifies for the Payment?
To get the $1,702, you must meet specific requirements set by the Alaska Department of Revenue. You need to have lived in Alaska for the entire 2024 calendar year and plan to stay permanently. Applications for the 2025 PFD closed on March 31, 2025, so only those who applied on time and are deemed eligible will receive the payment. Common reasons for disqualification include missing the application deadline, providing incorrect banking details, or not proving residency with proper documents.
- Must have resided in Alaska for all of 2024.
- Must intend to remain a permanent resident.
- Application must have been submitted by March 31, 2025.
- Accurate banking or mailing information is required.
- Absences from Alaska must be disclosed and justified.
July 2025 Payment Schedule
The PFD payments roll out in stages, with July being a key month for those whose applications are in “Eligible-Not Paid” status. If your application was marked as “Eligible-Not Paid” by July 9, 2025, you’ll likely see the $1,702 deposited on July 17, 2025. Direct deposits are the fastest way to get the money, but paper checks are available for those without bank accounts. Check your application status on the official PFD website to stay updated.
|
Status Update Date |
Payment Date |
|---|---|
|
June 11, 2025 |
June 18, 2025 |
|
July 9, 2025 |
July 17, 2025 |
|
August 13, 2025 |
August 20, 2025 |
Tax Details and Planning Tips
While Alaska doesn’t tax the PFD, the IRS considers the $1,702 payment taxable income, so you’ll need to report it on your 2025 federal tax return. To avoid surprises, set aside a portion of the payment for taxes. Many Alaskans use the funds for practical purposes, like paying bills, saving for emergencies, or investing in home repairs. For example, some might allocate $500 for car maintenance and save the rest for unexpected costs. The payment’s flexibility makes it a valuable resource for financial planning.
Why This Matters to Alaskans
The $1,702 payment is more than just extra cash—it’s a tradition that reflects Alaska’s commitment to sharing its natural resource wealth. With inflation and rising costs hitting hard, this payout offers timely relief. Compared to 2024’s $1,312 dividend, the 2025 amount is a 30% increase, thanks to strong oil revenues. Whether you’re covering daily expenses or saving for the future, this payment can make a real difference. Always verify your eligibility and banking details on the official PFD website to ensure you don’t miss out.