2025 brings a big financial relief for the people living in Alaska. The state government has announced a stimulus payment of $1,702 this year under the Alaska Permanent Fund Dividend (PFD). This amount also includes an Energy Relief Bonus of $298.17. This payment is not just a one-time relief, but it is a part of Alaska’s oil wealth that helps the citizens of the state fight inflation and deal with the rising cost of living.
What is the $1,702 Stimulus Payment?
This year, the pay will be a total of \$1,702 composed of two components- the normal PFD dividend and second is the Energy Relief Bonus. This payment will be made to people in two payments, one being in May 2025 and the other one being in October 2025. The payment will depend on who will get the payment when you complete the application and when the application becomes approved.
| Criteria | Description |
|---|---|
| Total Payment | $1,702 (including $298.17 bonus) |
| Payment Phases | May and October 2025 |
| Eligibility Criteria | Residence in Alaska for the entire year in 2024 |
| Application Deadline | April 2025 |
| Application Method | pfd.alaska.gov |
| Is it taxable? | Yes, federally taxable |
Alaska Permanent Fund: Income from oil wealth
Alaska Permanent Fund was introduced in 1976 as a way of utilizing the income realized in the sales of oil in the long term benefits of the population. The money will also be invested in other assets because; it will be invested in stocks, bonds and estates whereby, the residents will be paid their dividends annually. The successfulness of the fund and the energy cost relief policy has made sure that the payment of the fund in 2025 is 1702.
When and how will you get paid?
When you get paid depends on when you apply and when it’s approved:
- May 2025: If your application is approved by the April processing deadline.
- October 2025: If your application is approved after April and before September.
In case you have not yet received your application status, he or she is requested to visit myAlaska account and ensure the accuracy of bank information and documents.
Who is eligible?
You will be eligible for this stimulus money if you meet all of the criteria below:
- Have spent the years 2024 in Alaska.
- Go on a long-term basis to Alaska.
- These have not asserted he/she is a resident in another state or country.
- Seven days in Alaska: Has spent a period of 72 consecutive hours in Alaska in 2024.
- Are not a convicted felon.
- Have not been in a prison sentence behind specific felonies.
Note, providing a driver’s license from another state or a non-Alaska address may result in your application being rejected.
How to apply?
The application process for the PFD is straightforward, provided you complete it correctly:
- Go to pfd.alaska.gov.
- Create or log in to a myAlaska account.
- Fill out the application form—with legal name and correct information.
- Upload required documents such as ID and proof of residence.
- Review and submit the form.
Do not use public computers or unsecured Wi-Fi for sensitive information.
Application Deadline
The application deadline for the 2025 PFD was April 2025. The Alaska government is extremely strict about this deadline; no late applications will be accepted, and there is no appeals process.
Therefore, it’s always best to fill out the forms the moment the application window opens in January each year.
Common mistakes and how to avoid them
Thousands of applicants are denied each year because they miss minor details. Pay close attention to these points:
- You should put your full legal name (not a nickname).
- Makesureyou use coract Social Security number.
- Alwaysputcurrent and correct address and contact information.
- Upload clean and valid documents.
- Sign and certify the application properly.
Is this payment taxable?
Yes, the amount of 1,702 that you received is taxable from the standpoint of the federal government and it must be disclosed on your federal tax return. Alaska does not have a state income tax, however, this payment may affect your tax bracket, or any benefits you may receive, such as SNAP or Medicaid.
If you are unsure about the tax implications, talk to a tax advisor or use a free tax calculator.
What if you missed the application?
if you don’t apply by April 2025, you will not receive a payment for this year. The state does not allow late applications or exceptions. Then your next option will be to apply in 2026
Sign up for email alerts in the myAlaska portal or stay connected to local community information sources.
Tips to help you apply
- Always use your legal name and correct information.
- Double check your Social Security number.
- Upload clear and scanned documents.
- Only apply through pfd.alaska.gov.
Conclusion:
Getting the $1,702 Alaska stimulus payment is more than just a financial benefit; it also speaks to the citizens’ participation in the state’s oil wealth. If you are eligible and apply on time, this money can improve the financial standing for your family, but it takes some information, background work, and caution. So, why not prepare for next year now and exercise your rights.
FAQs
Q1. Who is eligible for the $1,702 stimulus payment?
Residents who lived in Alaska for all of 2024 and meet specific criteria qualify.
Q2. What does the $1,702 payment include?
It includes the regular Alaska Permanent Fund Dividend and a $298.17 energy relief bonus.
Q3. When will the payments be made?
Payments will be issued in May and October 2025 based on application approval dates.
Q4. Is the payment taxable?
Yes, it is considered federally taxable income and must be reported on your tax return.
Q5. Can I apply late if I missed the April 2025 deadline?
No, late applications are not accepted under any circumstances.