Many residents of Alaska are eagerly waiting for their next stimulus payment, and this time, the amount is set to be $1,702. This payment is part of the Permanent Fund Dividend (PFD) program, which has been helping Alaskan citizens since 1980.
The PFD program provides financial support to help residents manage the cost of living in the state and also supports the local economy.
What is the Permanent Fund Dividend (PFD)?
The PFD is a special program that helps Alaska residents by providing them with a share of the state’s wealth, which comes from the earnings of Alaska’s oil revenues.
It helps the citizens cope with the high living costs and fluctuating economy of the United States. Over 600,000 Alaskans are part of this program and are eagerly awaiting their stimulus payments this year.
Requirements to Receive the $1,702 Stimulus Payment
If you live in Alaska and are hoping to receive the $1,702 stimulus payment, there are a few important eligibility requirements that you must meet. These include:
Continuous Residency: You must have lived in Alaska for the entire calendar year of 2023.
No Foreign Residency Claims: You must not have claimed residency or received benefits from another state or country.
Clean Legal History: You need to have a clean legal record, meaning no felony convictions.
Absence Limits: You cannot have been absent from Alaska for more than 180 days during the year 2023.
When Will You Receive the $1,702 Stimulus Payment?
The next scheduled payment for Alaska residents is August 21, 2025. There are other important dates to keep in mind if you are awaiting your payment:
June 18, 2025: Dividend requests for 2024 and earlier years in “Eligible – Unpaid” status on June 11, 2025, will be distributed.
July 17, 2025: Dividend requests for 2024 and prior years in “Eligible – Not Paid” status on July 9, 2025, will be distributed.
August 21, 2025: Dividend requests for 2024 and earlier years in “Eligible – Unpaid” status on August 13, 2025, will be distributed.
How to Check the Status of Your Application
To stay updated on the status of your PFD application, you can visit the official Alaska Permanent Fund website and select the “myPFD” option. You can also verify that your address is correct, especially if you signed the application electronically.
If you need to update your address, you can do it online or complete the Change of Address Form and submit it to the designated offices.
The Alaska $1,702 stimulus payment is an important financial boost for many residents of the state. With the next payment set for August 21, 2025, it’s crucial to ensure that you meet the eligibility requirements and that your information is up to date.
Keep track of the payment dates and check the status of your application to avoid any delays.
