The $1,702 Stimulus Payment is bringing welcome relief to thousands of Alaska residents in 2025 under the state’s Permanent Fund Dividend (PFD) program. This unique annual payout, funded by Alaska’s oil revenue investments, is designed to share the state’s natural resource wealth directly with its citizens.
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This year, the payout amount is estimated at $1,702, split between a base dividend and an energy relief bonus. The payment will be delivered in two installments — the first in May and the second in October — with some residents seeing deposits as early as August 2025, depending on their eligibility and application status.
If you live in Alaska or meet the specific residency requirements, the $1,702 Stimulus Payment could be yours. In this comprehensive guide, we’ll walk through what the PFD is, who qualifies, how much you can expect, when payments are issued, and the common mistakes that can cost you your payout.
What Is the Alaska Permanent Fund Dividend (PFD)?
The Alaska Permanent Fund Dividend has a unique origin story. Established in 1976 through a constitutional amendment, the Permanent Fund was designed to set aside a portion of the state’s oil revenue for future generations. Managed by the Alaska Permanent Fund Corporation (APFC), this money is invested in a diversified portfolio including stocks, bonds, and real estate.
Each year, a portion of the fund’s earnings — generally around 5% — is distributed among eligible residents. This annual payment, known as the PFD, is deposited directly into the bank accounts of qualifying Alaskans. The amount varies year to year, depending on investment returns, oil prices, and legislative decisions.
For 2025, the PFD amount is projected to be $1,702, making this year’s $1,702 Stimulus Payment one of the most anticipated in recent years.
How the 2025 PFD Amount Is Calculated
The total payout for 2025 combines two parts:
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$1,403.83 – Base Dividend Amount
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$298.17 – Energy Assistance Bonus approved by the State Legislature
This energy bonus helps residents offset the high cost of heating and utilities in Alaska, especially during long winters. While the exact figure can fluctuate based on oil market performance, the official estimate for this year remains at $1,702.
Key Information About the 2025 $1,702 Stimulus Payment
Here’s a quick reference table with essential details:
| Description | Information |
|---|---|
| Estimated Amount | $1,702 |
| Eligibility | Alaska resident, no felony convictions, timely application |
| Application Period | February 1 – March 31, 2025 |
| Payment Date | Multiple dates; August 21 for certain applicants |
| Application Method | Online or paper form via pfd.alaska.gov |
| Tax Status | Taxable by IRS, not taxed by Alaska |
2025 PFD Payment Dates
The $1,702 Stimulus Payment will be issued in batches based on when your eligibility is confirmed. The 2025 payment schedule includes:
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May 15, 2025 – For applicants marked “Eligible – Not Paid” by May 7
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June 18, 2025 – For those cleared by June 11
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July 17, 2025 – For eligibility confirmed by July 9
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August 21, 2025 – For applicants cleared by August 13
If you have pending applications from previous years, those will also be processed in these batches once approved.
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Who Is Eligible for the $1,702 Stimulus Payment in August 2025?
To receive the 2025 PFD, applicants must meet all of the following requirements:
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Residency Requirement – You must have lived in Alaska for the entire 2024 calendar year and intend to remain a resident indefinitely.
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Physical Presence – You must have been physically present in Alaska for at least 72 hours in either 2023 or 2024.
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Time Out of State – If you were outside Alaska for more than 180 days, you must have an allowable absence reason, such as military service, higher education, or medical treatment.
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Criminal Record – You must not have committed a felony or a disqualifying offense during 2024.
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Application Deadline – You must submit your application between February 1 and March 31, 2025.
Important: Every person — including children — must submit their own application.
Application Process for the 2025 PFD
Applying for the $1,702 Stimulus Payment is simple but requires accuracy:
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Visit the official PFD website at pfd.alaska.gov.
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Create or log in to your myAlaska account.
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Fill in your personal and residence information, along with your bank account details for direct deposit.
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Upload any required documents, especially if you spent extended time outside the state.
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Submit your application before the March 31, 2025 deadline.
Common Mistakes That Delay or Deny the Payment
Even eligible Alaskans sometimes miss out on the $1,702 Stimulus Payment due to avoidable errors. Be sure to:
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Apply before the deadline — late applications are not accepted.
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Provide accurate banking details to avoid returned payments.
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Fully disclose any time spent outside Alaska.
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Ensure residency proof is complete and correct.
These mistakes can delay your payment or cause outright denial.
Tax Information for the $1,702 Stimulus Payment
While the State of Alaska does not tax the PFD, the Internal Revenue Service (IRS) considers it taxable income. This means:
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You must report the amount on your federal tax return for 2025.
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If you want to avoid a surprise tax bill, you can adjust your withholding or make estimated tax payments throughout the year.
If You Missed the Application Window
Unfortunately, there’s no grace period for the $1,702 Stimulus Payment. If you fail to apply between February 1 and March 31, 2025, you won’t receive the payout, even if you meet every other requirement. You’ll have to wait for the 2026 application window.
Why the $1,702 Stimulus Payment Matters
The PFD isn’t just a financial boost; it’s a tradition and a tangible way Alaskans share in the state’s natural resource wealth. For many, it helps with household expenses, winter heating bills, education costs, or simply provides a cushion for emergencies.
By distributing oil revenue back to residents, Alaska strengthens the bond between its people and the state government, ensuring everyone benefits from the land’s resources.
Key Takeaways
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Amount: $1,702 (Base + Energy Bonus)
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Eligibility: Alaska residency, no felony, timely application
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Application Dates: Feb 1 – Mar 31, 2025
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Payment Dates: Multiple, with August 21 as a key date
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Taxable: Yes, by IRS; no state tax
Frequently Asked Questions (FAQs)
Q1. How much is the 2025 Alaska PFD payment?
A: The estimated amount is $1,702, which includes a base dividend and an energy relief bonus.
Q2. Who qualifies for the $1,702 Stimulus Payment?
A: Alaska residents who lived in the state during 2024, intend to stay, have no felony convictions, and apply on time.
Q3. What is the application window for PFD 2025?
A: February 1 to March 31, 2025.
Q4. How do I apply for the 2025 PFD?
A: Apply online at pfd.alaska.gov or submit a paper application.
Q5. Is the $1,702 Stimulus Payment taxable?
A: Yes, it’s taxable by the IRS but not by the State of Alaska.
Final Thoughts
The $1,702 Stimulus Payment for August 2025 is more than just a check — it’s a piece of Alaska’s identity. By meeting eligibility requirements, applying on time, and keeping your information accurate, you can ensure you receive your share of the state’s resource wealth.
With oil revenues continuing to support this unique program, the PFD remains one of the most direct ways a state government returns value to its people. If you’re an Alaskan resident, make sure you’re ready for the next application window so you can secure your payment and enjoy the benefits of this one-of-a-kind program.
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