$1,702 Stimulus Payment: Who Is Eligible for the August 2025 Deposit?

$1,702 Stimulus Payment: Thousands of citizens of the state of Alaska have again gotten good news in the year 2025. The government of the state has declared that this year, it would provide 1,702 dollars of the Permanent Fund Dividend (PFD) program to the appropriate citizens. This will be paid in two payments- May and October. This scheme is embedded in the policy of direct payments of the state natural resource income which is the oil in particular to the citizens.

What is Alaska Permanent Fund Dividend?

Alaska state government established this fund in 1976 in order to lock in the portion of oil revenue as a guarantee to future generations. This money is invested by Alaska Permanent Fund Corporation (APFC) into diverse resources such as naked, bond and real estate.

Each year, there is a distribution of this fund to the eligible citizens to be around 5 percent of its income. It is referred to as Permanent Fund Dividend. It is handed over directly to the bank account of the citizens.

Details of the amount to be received in 2025

This year, citizens are expected to receive a total of 1,702 dollars. Its distribution is as follows:

• 1,403.83 dollars – Basic dividend amount
• 298.17 dollars – Energy assistance bonus (approved by the state assembly)

This amount depends on the economic condition of the state and the income from oil, but the estimated amount in 2025 has been fixed almost the same.

2025 PFD Key Details at a Glance

• Estimated Amount: $1,702
• Eligibility: Must be an Alaska resident, must not have committed a felony, must apply on time
• Application Period: February 1 to March 31, 2025
• Estimated Payment Date: July 17, 2025
• Application Method: Online or paper form (pfd.alaska.gov)
• Tax Status: This amount is taxable according to the IRS, but the state of Alaska does not levy taxes.

Payment Dates – 2025

PFD funds will be distributed on the following dates:

• May 15: If “Eligible – Not Paid” status as of May 7
• June 18: If eligibility clears as of June 11
• July 17: If eligibility clears as of July 9
• August 21: If eligibility clears as of August 13

Pending applications from previous years will also be included on these dates.

Who is eligible?

The following conditions are required to receive the 2025 PFD:

• Should have lived in Alaska throughout the year 2024 and should intend to stay in Alaska permanently.
• Physically have to be in Alaska, at least 72 hours during either 2023 or 2024.
• Then you must have a reasonable justification (in military punitive service, education or medical treatment) be absent more than 180 days.
• In 2024 must not have committed felony or disqualifying offense.
• The application should be done in the period between February 1 and March 31 of 2025.
• Every individual, including children, needs to make his or her independent application.

Special warning: If you have a REAL ID driver’s license from another state, it may affect your eligibility.

Application process pfd.alaska.gov

Applying for PFD is easy.

1. Visit the pfd.alaska.gov website.
2. Create or login to your myAlaska account.
3. Fill in personal information, residence details, and bank details.
4. If you have been out of Alaska for a long time, upload the required documents.
5. Complete the application before March 31, 2025.

Avoid common mistakes

Often applications are rejected or payments are delayed despite being eligible. Keep in mind:

• Do not apply after the last date.
• Bank or mailing information should be correct and updated.
• Do not hide the period of stay outside Alaska.
• Residence documents should not be incomplete or incorrect.

Tax information

• The state of Alaska does not levy any tax on this amount.
• But the IRS (Internal Revenue Service) considers it Taxable Income.
• Therefore, it is necessary to show it in the 2025 tax return.
• It is advisable to make tax adjustments in advance so that a huge tax bill does not arise.

What if you do not apply on time?

If you don’t apply on time, no matter how eligible you are, you will not get the 2025 PFD. There is no grace period. The next chance will come only in 2026.

Conclusion

The Alaska Permanent Fund Dividend 2025 is a unique state plan that directly gives citizens their share in natural resources. The estimated $1,702 this year will not only provide economic support but also strengthen trust between citizens and the government.

If you want to take advantage of this scheme, then:

• Check your eligibility.
• Don’t forget to apply between February 1 and March 31, 2025.
• Fill in your bank and personal details correctly.

This is an opportunity not to be missed.

FAQs