The administration of Alaska has made it official for the stimulus payment in 2025 under the Permanent Fund Dividend (PFD) program, which shares some income from natural resources such as oil and gas with the residents of Alaska.
For the year 2025, the PFD payment amount is $1,702 as opposed to the $1,312 given in 2024. This increase can be attributed to the economic well-being of the state and surplus funds available to it. It is estimated that the enhanced payment will be distributed to the benefit of over 600,000 Alaskans.
Payment Breakdown
The total $1,702 check consists of:
Payment Component | Amount |
---|---|
Basic Fund Dividend | $1,403.83 |
Energy Assistance Bonus | $298.17 |
Total Payout | $1,702 |
The energy assistance portion helps residents manage rising utility costs during Alaska’s harsh winters.
Eligibility Requirements
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For PFD payments in 2025, there are certain eligibility requirements:
- Continuous Residency: Must have stayed in Alaska throughout 2024 and intends to do so in the near future.
- 12-Month Rule: You must have been a permanent resident in Alaska for the 12 months immediately preceding application.
- Physical Presence: You must have been physically present in Alaska for not less than 72 hours in the last 24 months.
- Legal Grounds: You are not qualified for the Alaska PFD if: Within the last 12 months, you were convicted of a felony. Since January 1, 1997, you have been convicted of no more than two misdemeanors.
- No Other Residency Claims: An application for residency anywhere else in the U.S. or overseas cannot be made by you.
If you meet all of these, you will become one of the eligible candidates for this payment.
How to Apply
The application process for the 2025 Alaska PFD is quite simple, which will open from January 1, 2025 until March 31, 2025.
Steps
- Online Application: Go to the official PFD website pfd.alaska.gov and fill out the online application.
- Paper Application: If you prefer to apply offline, fill out the form and mail it to the address of the PFD office.
Important: Last date to apply is April 1, 2025. Online applications will begin at 9:00 am on January 1, 2025, due to the holiday.
Payment Dates
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At this moment, the 2025 PFD payment date has yet to be officially announced by the state of Alaska. Conversely, it is traditionally paid in October every year. The Permanent Fund Dividend (PFD) program is somewhat special in Alaska’s economy. Instead of an income taxation system like any other state, the Government of Alaska gives oil and gas profits to its residents.
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Therefore, this assists the people of the state financially and also nurtures a kind of collective responsibility toward Alaska’s natural resources. If you live in Alaska and qualify for the PFD payment, do not miss the opportunity of applying on time!
FAQs:-
When will the $1,702 stimulus payments be issued?
Payments are expected to be distributed in February 2025.
Who qualifies for the $1,702 stimulus check?
Residents meeting income, tax filing, and residency criteria set by the government.
How can I claim my $1,702 stimulus check?
Apply online through the IRS portal or file a tax return if required.