$1,702 Stimulus Payment for Everyone – July 2025 Full Payment Schedule

Do you live in the US state of Alaska? If yes, then the year 2025 has brought special relief for you. The Alaska government has announced a stimulus payment of $1,702 this year under a special scheme to empower its residents economically. This payment will be given twice in May and October 2025 under the Alaska Permanent Fund Dividend (PFD).

What is Permanent Fund Dividend (PFD) of Alaska?

In 1976, Alaska started a special fund, which was called Alaska Permanent Fund. Its purpose was to preserve the state’s natural assets, especially the income from oil, for the future.

The Alaska Permanent Fund Corporation (APFC) runs this fund and invests in fields like shares, bonds, in real estate around the world. This amount is distributed to deserving citizens every year in proportion to this fund called PFD (Permanent Fund Dividend) in the form of dividend.

How much will be paid in 2025?

In the year 2025, every eligible person will be given an amount of $1,702 under PFD. This amount is divided into two parts:

$1,403.83 as regular dividend

$298.17 as additional bonus, which is approved by the state government under energy assistance.

Note that this amount has been determined based on the performance of the fund in 2024 and is expected to remain almost the same in 2025.

Who is eligible (Eligibility Criteria)?

If you also want to avail this benefit, then it is mandatory to meet the eligibility criteria given below:

• You must live in Alaska for the entire year 2024.
• You need to have the intention to take permanent residency in Alaska.
• You have to physically stay in Alaska during the 2023 or 2024, at least 72 hours.
• If you were out of Alaska for more than 180 days, there must be a valid reason, such as school, treatment or military service.
• There must be no felony conviction in 2024.
• Each person, even a child, must apply separately.
• If you have a driver’s license from another state, especially one with a REAL ID, your eligibility may be affected.

How to apply?

Applying for PFD is easy, you just need to take a few important steps:

• Go to the official website pfd.alaska.gov.
• Login to myAlaska account or create a new account.
• Fill in the required information such as personal information, bank account details, proof of residence.
• If you were temporarily out of Alaska, upload proof of that as well.
• Check all the information thoroughly and then submit the form.
• Application deadline – April 2025.

Possible payment dates

Your payment depends on your application status:

• Employees in the Employment in April 2025 will be paid on April 17, 2025 when they have the status of “Eligible – Not Paid”.
• People, who obtained the status on or earlier than May 7, 2025, would receive pay on May 15, 2025.
• The payment will be made on June 18, 2025 to those survivors who make it up to June 11, 2025.

What mistakes to avoid?

If you make even a small mistake, your payment may be stopped. Pay special attention to these things:

• Do not apply after the deadline.
• Do not provide incorrect or outdated bank information.
• Do not hide information about leaving Alaska.
• Do not upload incomplete or incorrect documents.
• Important information related to tax
• The state of Alaska does not levy any tax on this benefit.
• But according to the US Federal Tax (IRS), this amount is considered taxable income.
• Therefore, it is necessary to declare this amount in the 2025 tax filing. If your income falls within the tax paying limit, then be prepared to deduct tax.

What if you do not apply?

If you do not apply before the April 2025 deadline, then you will not get this benefit. The Alaska government does not accept late applications. Then you will have to wait for the application next time i.e. in 2026.

Additional important announcements

• $2,500 Cash App Settlement in 2025 – Some residents in the US are likely to get special payments under the Cash App settlement.
• New Driving License Rule – A new rule may come into force, which may affect those with REAL ID or driving licenses from another state.
• Student Loan Forgiveness – A loan forgiveness plan for students may also be announced.
• $1,400 Stimulus Payment – ​​July 2025 – Another $1,400 stimulus package is likely to come in July 2025.

Conclusion

The sum of 1702 dollars is a valuable financial support of Alaska population. This amount can come in handy whenever you are alone or with a family in improving your financial standing.

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