What Is the $1,702 Stimulus Payment?
A new $1,702 stimulus payment has been making waves across the United States, with many people eager to know if they qualify. Unlike previous federal stimulus checks tied to COVID-19 relief, this payment comes from Alaska’s Permanent Fund Dividend (PFD) program. This initiative shares profits from the state’s natural resources, mainly oil, with eligible residents. For 2025, the payment has increased by 30% compared to last year, offering a significant boost to over 600,000 Alaskans. It’s not a federal program, so it’s specific to Alaska residents, but it’s often called a “stimulus check” due to its direct cash nature.
Who Can Get the Payment?
To receive the $1,702 payment, you must meet specific requirements. You need to have lived in Alaska for the entire previous calendar year, in this case, 2024, and plan to stay in the state indefinitely. Those who were convicted of certain felonies or incarcerated for a felony during 2024 are not eligible. Applications had to be submitted by March 31, 2025, through the official PFD website or by mail, with no late submissions accepted. You also need valid identification, proof of residency, and a Social Security number or ITIN.
| Eligibility Criteria | Details |
|---|---|
| Residency | Lived in Alaska for all of 2024 |
| Application Deadline | March 31, 2025 |
| Restrictions | No felony convictions or incarceration in 2024 |
When Will the Money Arrive?
The payment schedule for 2025 is straightforward. If your application was marked as “Eligible-Not Paid” by August 13, 2025, the payment will be deposited or mailed on August 21, 2025. The state prioritizes direct deposits for faster delivery, but paper checks are sent to those without banking details. Further payments are planned for September and October, though exact dates depend on application processing. Checking the PFD portal regularly is the best way to stay updated.
| Payment Status | Distribution Date |
|---|---|
| Eligible-Not Paid by August 13 | August 21, 2025 |
| Future Payments | September/October 2025 |
Why Is This Payment Important?
This $1,702 payment is a lifeline for many Alaskans, especially with rising living costs. The 30% increase from last year reflects higher oil revenues, which directly benefit residents through the PFD program. For families, this cash can cover essentials like groceries, bills, or school supplies. Unlike federal stimulus checks, which ended in 2021, this program is a unique feature of Alaska’s economy, ensuring residents share in the state’s wealth.
No Federal Stimulus in Sight
Despite online rumors about a new $1,702 federal stimulus check, the IRS has confirmed no such program exists for 2025. The last federal stimulus payments, called Economic Impact Payments, were issued in 2020 and 2021. Those who missed out could claim the Recovery Rebate Credit by April 15, 2025, but that deadline has passed for most. Some people received catch-up payments in May or June 2025 after IRS reviews, but no new federal checks are planned.
Watch Out for Scams
With excitement around the $1,702 payment, scams are a growing concern. Some websites and social media posts falsely claim a nationwide stimulus or promise quick cash for a fee. Always verify information through official sources like pfd.alaska.gov or IRS.gov. The Alaska PFD program never asks for payment to process applications, and personal details should only be shared on secure government websites.
How to Stay Informed
To keep track of your payment, visit the official PFD website for updates on your application status. Alaska’s Department of Revenue also sends letters to eligible residents confirming payment details. For any questions, contact the PFD office directly. While the $1,702 payment is a great help for Alaskans, those outside the state should be cautious of misleading claims and focus on verified information.