$1,702 Stimulus Payment Eligibility: How Do You Know You Qualify for April 2025 Deposit?

Alaska residents are receiving a $1,702 stimulus payment in 2025, a major financial boost that comes from the 2023 Permanent Fund Dividend (PFD). This payment is not only helping families in Alaska, but it is also strengthening the state economy by encouraging more spending and investment.

This year’s amount is 30% higher than the previous year and is made up of two parts:

$298.17 – One-time energy assistance payment
$1,403.83 – Permanent Fund Dividend (PFD)

What Is the Alaska Permanent Fund?

The Alaska Permanent Fund was created in 1976 to manage the state’s oil revenue and ensure that all residents benefit directly from the state’s natural resources.

Every year, the Alaska Permanent Fund Corporation distributes a portion of the earnings to eligible residents in the form of the Permanent Fund Dividend (PFD).

Who Qualifies for the $1,702 PFD Payment?

To be eligible for this year’s $1,702 payment, you must meet these conditions:

You must have been a resident of Alaska for all of 2023
You must intend to remain a resident of Alaska permanently
You must have been physically present in Alaska for at least 72 hours in the last 24 months
You must not have been:
- Convicted of a felony and imprisoned in the last 12 months
- Convicted of more than two misdemeanors since January 1, 1997

$1,702 Stimulus Payment Eligibility: How Do You Know You Qualify for April 2025 Deposit? — Source (Google.com)

Application Deadline

The deadline to apply for the 2023 PFD was March 31, 2024. If you missed it, you cannot apply unless you fall under one of the special exception categories, such as: