Thousands of Alaska residents are set to receive stimulus payments of $1,702 in May and October 2025. The payments are being made under Alaska’s Permanent Fund Dividend (PFD) program. It is a state government scheme that distributes some of the revenue from natural resources, especially oil, to the state’s citizens.
What’s included in the 2024 dividend?
The $1,702 amount that will be given to people includes two parts:
- $1,403.83 as the normal PFD amount.
- $298.17 as an additional bonus approved by the state government as energy assistance.
- While the dividend amount for 2025 has not been confirmed yet, it is expected to be around this amount.
Who will get the payment in May 2025?
Those who have already applied and whose status is “Eligible – Not Paid” and this status remains till May 7, 2025, will get the payment on May 15. After this, applicants eligible till June 11 will get the next payment on June 18.
Who are eligible for PFD 2025?
It is necessary to stay in Alaska for the whole of 2024 and the person must also show the intention to stay in Alaska permanently.
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The person must be physically present in Alaska for at least 72 consecutive hours in 2023 or 2024.
If a person has been out for more than 180 days, then he must give a valid reason for this – such as studies, treatment, or military service.
If someone has been convicted of a serious criminal conviction (felony) or multiple times of minor crimes (misdemeanors) in 2024, then he will be considered ineligible for PFD.
The last date for application was March 31, 2025. Those who apply after this will not receive this benefit, even if they meet all the other conditions.
Each person — whether an adult or a child — has to complete a separate application process. The application can be done online from the website pfd.alaska.gov or can also be sent through a paper form.
Some important warnings:
The PFD department has warned that if a person gets a REAL ID driver’s license outside Alaska, it may affect his eligibility. Therefore, it is advised to avoid doing so.
Why is this scheme special?
This PFD scheme has become an important financial support for the residents of Alaska. Many families wait for this payment every year to meet their needs. As long as the state’s funds remain strong, this scheme is also expected to continue.
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Conclusion
The upcoming $1,702 stimulus payment in May 2025 offers financial relief to thousands of eligible Americans, especially those receiving Social Security or meeting specific income and residency requirements. If you believe you qualify, it’s essential to stay updated through official IRS or SSA announcements and ensure your banking and contact details are current. This payment could be a crucial support for many households, so don’t miss your opportunity to benefit if you’re eligible.
FAQs
1. What is the $1,702 stimulus payment in May 2025?
The $1,702 stimulus is a federal relief payment expected to be issued in May 2025 to eligible U.S. residents, possibly as part of ongoing Social Security adjustments or economic support programs.
2. Who is eligible to receive the $1,702 stimulus payment?
Eligibility generally includes low-income individuals, Social Security beneficiaries (such as retirees, SSDI, and SSI recipients), and those meeting specific income and residency requirements set by the IRS or SSA.
3. Is this a one-time payment or part of a series?
It is currently expected to be a one-time payment, but future payments may be considered depending on economic conditions and government policies.
4. When will the $1,702 payment be issued?
The payment is anticipated to be distributed sometime in May 2025. Exact dates will be announced by the IRS or Social Security Administration.
5. How will I receive the payment?
Eligible recipients will likely receive the payment through direct deposit or a mailed paper check, depending on how they usually receive government benefits or filed tax returns.
