If you’ve heard the buzz about $1,702 payments going out in 2025, the news is real—but there’s a catch: it’s only for eligible residents of Alaska. Over 600,000 Alaskans have been selected to receive these hefty payments this year through the Alaska Permanent Fund Dividend (PFD) program. While the rest of the country waits on Washington for possible relief, Alaska is cutting checks—big ones—and many people don’t even realize they qualify.
What Exactly Is the Alaska PFD and Why Are People Getting $1,702?
The Alaska Permanent Fund Dividend isn’t a traditional “stimulus” check like the federal payments we saw in 2020 and 2021. Instead, it’s a longstanding program funded by the state’s oil revenue. Since 1982, Alaska has shared part of its oil wealth with its residents by depositing money straight into their bank accounts each year.
In 2025, the amount is $1,702 per person, and more than 600,000 Alaskans are eligible. That adds up to over $900 million being distributed across the state. For many families, this check is a major help with groceries, heating bills, or just catching up on essentials. What makes this year stand out is both the large number of recipients and the size of the payment, one of the highest in recent years.
Who Qualifies? You Might Be on the List and Not Know It
To be eligible for this year’s $1,702 check, you need to meet a few basic requirements:
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You must be an Alaska resident for the entire calendar year of 2024
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You must intend to stay in Alaska permanently
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You must not have been convicted or incarcerated for a felony in 2024
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You must have applied between January 1 and March 31, 2025
Even if you were temporarily out of the state—for school, medical care, or military service—you may still qualify. But you need to make sure you filed your application in time. The good news? Most of the 600,000+ eligible residents already have.
When Will the $1,702 Payments Be Sent?
Payments are expected to begin in October 2025. If you signed up for direct deposit, your money will likely hit your account faster than those waiting for paper checks.
And yes, you’ll need to pay taxes on it—so keep an eye out for a 1099-MISC form from the Alaska Department of Revenue when tax season rolls around. This dividend is considered taxable income.
Why This Check Matters Now More Than Ever
The cost of living in Alaska has been rising fast, with prices for food, fuel, and housing higher than national averages. For many families, this PFD payment helps them stay afloat or plan ahead for winter months when heating costs spike.
Local businesses also see a boost during this time, with an influx of spending driven by the October payouts. Economists say this annual dividend has a measurable impact on Alaska’s economy every year.
Watch Out for Scams
Unfortunately, with any large-scale payout, scammers will try to take advantage. If you receive an email, phone call, or text asking for your bank information or Social Security number to “claim” your check—don’t fall for it. The Alaska Department of Revenue will never ask for sensitive info over the phone or through email.
Final Word
If you’re a resident of Alaska and you submitted your application on time, there’s a good chance you’re on the list to receive a $1,702 payment this year. It’s a timely financial boost for many—and a reminder that state-level programs can still make a difference, even when federal relief is on p
