$1,702 Stimulus Deposit – For the residents of Alaska, the Permanent Fund Dividend (PFD) received every year is no less than a big relief. This payment not only provides financial support, but also strengthens the state’s economy. There is good news about PFD payment in the year 2025 – this time the amount has been increased by 30%, which will prove helpful in meeting the needs of many families.
What is Alaska Permanent Fund Dividend (PFD)?
PFD is a special type of economic program started by the Alaska state government in 1976. Its purpose is to distribute a part of the earnings from the state’s oil and energy resources among eligible residents. Under this scheme, a fixed amount is provided to eligible citizens every year.
How much PFD payment will be received in 2025?
In the year 2025, the amount of PFD payment has been increased to $1,702, which is 30% more than in 2024. This payment is divided into two parts:
In an expensive state like Alaska, this extra help proves to be very beneficial for the residents, especially when daily expenses and cost of living are quite high.
Eligibility Criteria for PFD
There are some clear rules and eligibility criteria to receive PFD. If you meet these conditions as per the points given below, then you will be considered eligible to apply for PFD:
- Residency: You must be a resident of Alaska for one year before applying.
- Physical Presence: You must have spent at least 72 hours in Alaska in the last two years.
- Criminal Record:
- If you have been in jail for a serious crime (felony) in the last one year, then you will not be eligible.
- If you have been convicted of two or more crimes (misdemeanors) from January 1, 1997 till now, then you will also be considered ineligible.
- If you do not meet these qualifications, your application will be rejected.
Application & Payment Schedule
The deadline for PFD applications for the year 2024 was March 31, 2024. Applications were accepted online (pfd.alaska.gov) or through mail. Applications that are listed in the status of “Eligible – Not Paid” by April 9, 2025 will receive payment on April 17, 2025.
If you have applied and want to know about the status of your application, you can get information by visiting the official website of PFD or by contacting the Alaska Department of Revenue.
Conclusion
PFD is not only a source of economic support for the residents of Alaska, but it is also an important example of the responsibility being taken by the state government towards the citizens. The hike in 2025 shows that the government understands inflation and the rising cost of living. If you are eligible for this scheme, apply on time and keep checking the status of your documents regularly. This payment comes as a big relief to many families and having the right information can help you make the most of it.
FAQs On $1,702 Stimulus Deposit
Q. Does every Alaska resident receive a PFD?
A. No, only residents who meet the residency, presence, and legal requirements are eligible.
Q. How is the PFD amount distributed?
A. The PFD amount is divided into two parts – one part for energy assistance and the other as the Permanent Fund Dividend.
Q. When will I receive payment if my application shows “Eligible – Not Paid”?
A. Such applicants will receive payment on April 17, 2025.
