In July 2025, many Alaska residents are looking forward to receiving a $1,702 stimulus payment through the Alaska Permanent Fund Dividend (PFD) program. This payment is designed to share the state’s oil revenue with its residents, helping them manage rising living costs like groceries, rent, and utilities.
Unlike federal stimulus checks issued during the COVID-19 pandemic, this is a unique Alaska program that benefits over 600,000 residents each year. This article explains everything you need to know about the $1,702 payment, including who qualifies, when the money will arrive, and how to ensure you receive it, all in simple language.
What Is the $1,702 Stimulus Payment?
The $1,702 stimulus payment is part of Alaska’s Permanent Fund Dividend (PFD) program, which started in 1976. The program takes a portion of the state’s oil revenue and shares it with eligible residents. The Alaska Permanent Fund Corporation (APFC) manages billions of dollars by investing in stocks, bonds, real estate, and other assets. Each year, about 5% of the fund’s earnings are distributed to qualifying Alaskans as a dividend.
Breakdown of the 2025 Payment
The 2025 PFD payment totals $1,702 per eligible person. It consists of two parts:
- Regular Dividend: $1,403.83, based on the fund’s investment earnings.
- Energy Relief Bonus: $298.17, added to help residents cope with high energy costs, especially during Alaska’s cold winters.
This payment is a significant increase from the 2024 PFD of $1,312, thanks to strong oil revenue and state budget decisions. It’s not a federal stimulus like the ones issued in 2020 or 2021, but a state-specific program unique to Alaska.
Who Qualifies for the $1,702 Payment?
To receive the $1,702 PFD payment, you must meet specific eligibility requirements. These rules ensure the program supports long-term Alaska residents. Here’s what you need to qualify:
Eligibility Requirements
- Residency: You must have lived in Alaska for the entire 2024 calendar year and intend to stay permanently.
- Physical Presence: You must have spent at least 72 hours in Alaska during 2023 or 2024.
- Absences: If you were out of Alaska for more than 180 days in 2024, you must provide a valid reason, such as attending school, medical treatment, or military service.
- Criminal History: You cannot have been convicted of a felony in 2024 or incarcerated for a felony during that year. Multiple misdemeanor convictions may also disqualify you.
- Application: You must have submitted a PFD application by March 31, 2025. Late applications are not accepted.
Who Does Not Qualify?
- Non-residents or those who applied for residency in another state.
- Individuals with a REAL ID driver’s license from another state, as this may indicate non-residency.
- Anyone who missed the April 2025 application deadline.
Each eligible person, including children, must submit their own application. Parents or guardians can apply on behalf of minors.
July 2025 Payment Schedule
The $1,702 PFD payments are distributed in phases, depending on when your application is processed and marked as “Eligible-Not Paid” in the PFD system. Below is the full payment schedule for 2025:
| Date | Eligibility Status | Payment Method |
|---|---|---|
| April 17, 2025 | Eligible Huntington | Direct deposit or mailed check |
| May 15, 2025 | Eligible-Not Paid by May 7, 2025 | Direct deposit or mailed check |
| June 18, 2025 | Eligible-Not Paid by June 11, 2025 | Direct deposit or mailed check |
| July 17, 2025 | Eligible-Not Paid by July 9, 2025 | Direct deposit or mailed check |
| August 21, 2025 | Eligible-Not Paid by August 13, 2025 | Direct deposit or mailed check |
- Direct Deposits: Most residents receive payments via direct deposit if banking details are on file. These are typically faster, arriving between July 1 and July 21, 2025.
- Mailed Checks: If you don’t have direct deposit set up, checks will be mailed between July 22 and July 31, 2025, which may take longer to arrive.
To check your application status, visit the myPFD portal at pfd.alaska.gov and log in with your myAlaska account. Ensure your address and banking information are up to date to avoid delays.
How to Apply for the 2025 PFD
The application period for the 2025 PFD ran from February 1 to April 30, 2025. If you missed this deadline, you cannot apply until 2026. Here’s how the process works for those who applied on time:
Application Steps
- Visit the Official Website: Go to pfd.alaska.gov and log in or create a myAlaska account.
- Complete the Form: Provide personal details, proof of residency (e.g., utility bills or lease agreements), and banking information for direct deposit.
- Submit Documents: Include valid identification (e.g., driver’s license or passport) and a Social Security number or ITIN.
- Double-Check Information: Ensure all details are accurate to avoid delays or rejection.
Common Mistakes to Avoid
- Missing the April 30, 2025, deadline (no late applications are accepted).
- Providing incorrect or outdated bank account or mailing address.
- Failing to report time spent outside Alaska or providing insufficient residency proof.
- Submitting incomplete or incorrect documentation.
Taking these precautions ensures your payment is processed smoothly.
Tax Implications of the $1,702 Payment
While Alaska does not tax the PFD, the IRS considers it taxable income at the federal level. Here’s what you need to know:
- Reporting: You’ll receive a Form 1099-MISC in January 2026 to report the $1,702 on your 2025 federal tax return.
- Tax Planning: If your income falls within a taxable bracket, you may owe taxes on this amount. Adjust your tax withholding in advance to avoid surprises during tax season.
Consult a tax professional if you’re unsure how this payment affects your taxes.
Why the PFD Matters
The $1,702 PFD payment is more than just extra cash—it’s a share of Alaska’s natural resource wealth, designed to benefit residents directly. For many households, it helps cover essentials like:
- Groceries and household supplies
- Rent or mortgage payments
- Utility bills, especially during winter
- Education or childcare costs
- Savings or debt repayment
The payment also boosts Alaska’s economy by increasing local spending. For families, it can make a big difference, especially with rising inflation and energy costs.
Example Impact
For a family of four (two adults and two children), the total PFD could be $6,808 ($1,702 x 4). This could cover a month’s rent, a semester of school supplies, or a significant portion of winter heating costs.
How to Check Your Payment Status
To ensure you receive your payment on time, regularly check your application status on the myPFD portal. You’ll need:
- Your Social Security number or ITIN
- Date of birth
- Zip code
If your status is “Eligible-Not Paid” by July 9, 2025, expect your payment around July 17. If issues arise, contact the Alaska PFD office before August 10, 2025.
Frequently Asked Questions
Is the $1,702 Payment a Federal Stimulus?
No, this is a state-level payment through Alaska’s PFD program, not a federal stimulus like those issued during the COVID-19 pandemic. It’s funded by Alaska’s oil revenue.
Do I Need to Apply for the Payment?
Yes, you must have applied by March 31, 2025. Each person, including children, needs a separate application.
Is the Payment Taxable?
Yes, the IRS considers it taxable income. You’ll need to report it on your 2025 federal tax return, but Alaska does not tax it.
When Will I Receive the Payment?
Payments are issued between April and August 2025, depending on your application status. Most direct deposits arrive in July, with checks mailed by July 31.
What If I Miss the Application Deadline?
If you missed the April 2025 deadline, you cannot apply until 2026. Alaska does not accept late applications.
Common Myths and Clarifications
- Myth: The $1,702 payment is available to everyone in the U.S.
- Fact: Only Alaska residents who meet strict eligibility criteria qualify.
- Myth: The payment is the same as a federal stimulus check.
- Fact: It’s a state program funded by oil revenue, not federal funds.
- Myth: You don’t need to apply if you received it before.
- Fact: You must apply every year by the deadline.
Tips for a Smooth Process
- Apply Early: Submit your application as soon as the window opens in February to avoid last-minute issues.
- Update Information: Keep your banking and address details current on the myPFD portal.
- Check Status Regularly: Monitor your application to catch any errors early.
- Save Documentation: Keep copies of all submitted documents for reference.
- Plan for Taxes: Set aside money for potential federal taxes on the payment.
Conclusion
The $1,702 stimulus payment in July 2025 is a valuable opportunity for Alaska residents to benefit from the state’s oil wealth. By understanding the eligibility rules, payment schedule, and application process, you can ensure you receive your share without delays. This payment can help with everyday expenses, from bills to groceries, and supports Alaska’s economy by encouraging local spending.
If you’ve applied and meet the criteria, check your status on the myPFD portal and prepare for your payment in July. For those who missed the deadline, mark your calendar for February 2026 to apply for next year’s PFD. Stay informed, keep your information updated, and make the most of this unique financial benefit.