Thousands of Alaskans are gearing up for a financial boost with the $1,702 stimulus payment set to hit bank accounts in August 2025. This payment, part of Alaska’s Permanent Fund Dividend (PFD) program, shares the state’s oil revenue with eligible residents. Unlike federal stimulus checks from the COVID-19 era, this is a unique Alaskan initiative, delivering cash to nearly 600,000 people each year. If you’re hoping to claim this deposit, understanding the requirements and deadlines is key. Here’s what you need to know to secure your share of this payout.
What Is the PFD and Why $1,702?
The Permanent Fund Dividend is Alaska’s way of distributing a portion of its oil wealth to residents. In 2025, the PFD totals $1,702 per person, combining a base dividend of $1,403.83 with a $298.17 energy relief bonus due to high oil prices. This is a 30% increase from last year’s payment, making it a significant help for families facing rising costs. The program, started in 1976, aims to support Alaskans and encourage long-term residency in the state. For many, this money covers essentials like groceries, bills, or even car repairs.
Who Can Get the $1,702 Payment?
To qualify for the August 2025 deposit, you must meet strict eligibility rules set by the Alaska Department of Revenue. The requirements focus on residency, legal status, and timely application. Here’s a breakdown of what you need:
| Requirement | Details |
|---|---|
| Residency | Live in Alaska for the entire 2024 calendar year and intend to stay indefinitely. |
| Absence | Not be absent from Alaska for more than 180 days in 2024, unless for specific reasons like military service. |
| Legal Status | No felony convictions or incarceration during 2024. |
| Application | Submit a complete application by March 31, 2025, via pfd.alaska.gov or by mail. |
| Documentation | Provide valid ID, proof of 2024 residency, and a Social Security number or ITIN. |
If you meet these criteria and your application is marked “Eligible-Not Paid” by August 13, 2025, you’ll receive the payment on August 21, 2025.
How to Apply for the PFD
Applying for the PFD is straightforward and free. You can file online at pfd.alaska.gov using a myAlaska account or send a paper application by mail. The application window for 2025 ran from January 1 to March 31, 2025, so if you missed it, you’ll need to wait until 2026. Make sure to double-check your details, like your address and banking information, to avoid delays. For faster delivery, choose direct deposit over a mailed check. Parents or guardians must apply on behalf of minors or dependents, and late applications are rarely accepted unless you face extreme hardships like natural disasters.
When and How Will You Get Paid?
The August 2025 payment is scheduled for August 21 for those with “Eligible-Not Paid” status by August 13. Direct deposits will hit bank accounts first, while paper checks may take 7–10 days longer. If you already receive benefits like Social Security through direct deposit, the PFD will likely use the same method. Check your application status on the myPFD portal and update your address if needed. Be cautious of scams—never share personal details with unsolicited callers or emails claiming to offer PFD help. The IRS considers this payment taxable, so report it on your 2025 federal tax return.
No Federal Stimulus, Just Alaska’s PFD
Don’t confuse the PFD with federal stimulus checks. Despite online rumors about a $1,702 or $2,000 federal payment, the IRS has confirmed no new federal stimulus for 2025. The $1,702 payment is exclusive to Alaska’s PFD program and not tied to Social Security, SSI, or other federal benefits. Other states like New York and California have their own relief programs, but Alaska’s PFD remains unique. If you’re not in Alaska, check your state’s official website for local rebate programs.
This $1,702 payment offers Alaskans a chance to ease financial pressures, whether for bills, savings, or unexpected costs. By meeting the residency and application requirements, you can ensure your deposit arrives on time. Stay informed through pfd.alaska.gov and plan how to use this money wisely to make the most of Alaska’s generous dividend program.