In 2025, Alaska is giving a $1,702 payment to eligible residents. This money comes from the Alaska Permanent Fund Dividend (PFD). The program helps people handle rising costs and inflation. It shows Alaska’s goal to share its natural resource wealth with all residents, not just big companies.

What is the Alaska Permanent Fund Dividend?

The Alaska Permanent Fund was started in 1976. It was created to manage money from Alaska’s oil income. The fund is handled by the Alaska Permanent Fund Corporation. They invest the money in things like stocks, real estate, and bonds.

Each year, profits from these investments are given to residents. This is called the Permanent Fund Dividend. It helps make sure the state’s oil wealth benefits everyone, not just a few.

How is the $1,702 Payment Calculated?

The $1,702 total payment has two parts:

Component	Amount (USD)
Regular Dividend	$1,403.83
Energy Relief Bonus	$298.17
Total	$1,702.00

The first part is the usual PFD amount. It is based on how well the fund performed. The second part is an energy relief bonus. It helps with the high cost of heating during Alaska’s cold winter.

Who Can Get This Payment?

To get this payment, you must meet some rules:

• You must have lived in Alaska for all of 2024.
• Alaska must be your permanent home.
• You must have spent at least 72 hours in Alaska in 2023 or 2024.
• If you were gone for over 180 days, you need to explain why. Valid reasons include military service, school, or medical care.

These rules help make sure only real residents get the money.

How to Apply and Deadline Info

The application is done online. You need a myAlaska account to apply. You’ll have to give your personal details, bank info, and proof that you live in Alaska.

If you were outside Alaska for a while, you need to upload documents to explain why. The deadline to apply was in April 2025. But, people who already applied and are marked “Eligible-Not Paid” will still get their money through July.

When and How Will You Get Paid?

Payments are sent during July 2025. If your application is approved, you’ll get your money through direct deposit. The state sends out the payments in groups, based on your approval date.

This system makes sure everyone gets paid in an organized way. Using direct deposit also keeps it safe and easy, especially for people in remote areas.

Do You Have to Pay Taxes?

Alaska does not charge state taxes on this money. But, the IRS sees it as income. So, you must report it on your federal tax return.

You might need to save part of the payment to pay federal taxes later. It’s a good idea to plan ahead when using the money.

How Can You Use the Payment?

This payment can really help families in Alaska. You can use it for things like food, bills, or saving for emergencies. Some people may use it to get ready for winter energy costs.

Because the money comes in the summer, it gives people time to prepare for cold months. Spending or saving the money smartly can bring long-term help.

Conclusion

Alaska’s $1,702 stimulus payment shows how the state cares for its residents. By sharing its oil income, Alaska supports people during hard times. The payment not only offers financial help, but also sets an example for how states can use natural resources to help everyone.

Residents should follow the rules, apply on time, and use the payment wisely. It’s more than just money—it’s a way to build stronger and more stable communities across Alaska.

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