$1,702 Stimulus Payment – Check If You Qualify For The February 2025 Payment

The Alaska Permanent Fund Dividend (PFD) program has confirmed that $1,702 stimulus payments for 2025 are being issued to eligible residents. This amount is an increase from last year’s $1,312 payment and reflects the state’s continued economic success.

With more than 600,000 Alaskans set to receive this payment, here’s everything you need to know about eligibility and how to qualify for the check.

Permanent Fund Dividend

The Alaska PFD is a state program designed to distribute a portion of Alaska’s oil and gas revenue directly to its citizens. The amount each resident receives is based on the earnings reserve account of the Permanent Fund.

For 2025, the fund’s earnings totaled $914,315,845, resulting in a dividend payment of $1,702 per eligible resident.

The goal of the PFD is to share Alaska’s natural resource wealth with its residents, helping to boost the local economy while supporting individuals and families.

Eligibility Requirements

To receive the 2025 stimulus check, residents must meet several strict criteria set by the Alaska Department of Revenue. Here’s a breakdown of the requirements:

1. Alaska Residency
   • Must have lived in Alaska for the entire calendar year before applying.
   • Must plan to remain in Alaska permanently at the time of the application.
   • Must have lived in Alaska for at least 12 continuous months without applying to live elsewhere.
2. Physical Presence
   • Must have been physically present in Alaska for at least 72 continuous hours in the last 24 months.
3. Criminal Record
   • Must not have served a prison sentence for a felony in the past 12 months.
   • Must not have been imprisoned for multiple misdemeanors since January 1, 1997.
4. No Plans to Relocate
   • Applicants must not have immediate plans to move out of Alaska.

Amount

The 2025 PFD payment is $1,702, which includes:

• $1,403.83 from the basic dividend, calculated by dividing the $914 million in earnings among eligible applicants.
• An additional $300 boost from unexpected oil revenue gains, approved by the state legislature.

In comparison to 2024’s $1,312 payment, the 2025 amount represents a significant increase, reflecting higher oil gains and a stronger financial year for the state.

When Will You Receive

The first round of 2025 PFD checks will be issued in February 2025. Residents who meet all eligibility requirements and file their applications early are among the first to receive the payment. Those who opted for direct deposit can expect the funds to arrive in their accounts faster.

Legislative Debate

Governor Mike Dunleavy initially proposed a $3,500 dividend in December, which would have left the state with a $1 billion deficit. The Alaska State House later approved a more modest $2,300 payment, but lawmakers eventually settled on the Senate-favored 75-25 formula.

This formula allocates one-quarter of the Permanent Fund’s annual earnings to dividends and three-quarters to fund state services, ensuring a more balanced budget while still boosting individual payments.

Final Thoughts

The Alaska PFD stimulus check is a valuable resource for many residents, offering financial relief and a share in the state’s natural resource wealth.

If you meet the eligibility requirements, make sure to apply and stay informed about payment timelines. With $1,702 on the line, this opportunity is one that no eligible Alaskan should miss.

FAQs