Thousands of Alaskans are about to get a significant financial boost. The state plans to distribute a $1,702 stimulus payment as part of the annual Permanent Fund Dividend (PFD) program.
This program, unique in the United States, directs a portion of Alaska’s oil revenues to its citizens and has been in operation since the early 1980s.
This program not only provides direct economic relief to citizens, but it also serves as a catalyst for the local and state economies.
Approximately 600,000 residents benefit from this initiative and are awaiting more information on the procedures for receiving payment and the dates on which they will be carried out.
What are the requirements to receive the $1,702 stimulus payment?
To be eligible for the $1,702 stimulus payment from Alaska’s program, you must meet certain requirements.
Continuous residency: You must have lived in Alaska for the entire calendar year 2023.
Not claiming foreign residency: It is essential not to have claimed residency or received any benefits from another state or country.
Clean legal record: Applicants must have a legal record with no felony convictions.
Absence limits: You must not have been absent from Alaska for more than 180 days during the year 2023.
When is the next $1,702 stimulus payment?
Applications from 2024 (and previous years) that are “Eligible – Unpaid” as of August 13, 2025 will be distributed on August 21, 2025.
How do I verify my application for the $1,702 stimulus payment?
You can check the status of your application by going to the official website and selecting the “myPFD” option. In addition, you must confirm that your address is up to date; if you signed the application electronically, you can update your address online.
