$1,702 Stimulus Payment For Everyone:If you’re hearing about a $1,702 payment for everyone in October 2025, it’s Alaska’s Permanent Fund Dividend (PFD). This isn’t a new federal incentive, but an annual state program that distributes revenue from Alaska’s oil, mineral royalties, and investments to eligible residents.
Here’s what this payment is, who is eligible, when to expect it, and why it’s important.
What is the Alaska Permanent Fund Dividend (PFD)?
Established in 1976, the PFD is a unique fund in Alaska intended to share a portion of the state’s resource-based revenues with its residents.
Permanent Fund Dividend: Every eligible Alaskan receives a dividend once a year. Its amount varies based on the fund’s income, state obligations, and other factors.
How much will the payment be in 2025?
For the 2024 dividend (paid in 2025), the amount is $1,702 per person.
This total amount includes:
- A regular dividend share
- An energy relief bonus (to help offset rising energy costs)
Who is eligible?
To receive the 2025 PFD (which covers the qualifying year of 2024), you must meet several requirements:
- Residence: You must be a resident of Alaska for the entire calendar year 2024, and intend to remain a resident indefinitely.
- Physical Presence: You must be physically present in Alaska for at least 72 consecutive hours in 2023 or 2024.
- Absence: If you have been out of Alaska for more than 180 days, the absence must be for a permitted reason (e.g., medical care, military service, higher education) and must be properly documented.
- Criminal Record: Serious felonies or certain criminal convictions may disqualify you.
- Filing an Application: You must apply by the application filing deadline (usually before March 31, 2025). Late applications are not accepted.
When will payments be made?
Alaska divides the 2025 PFD payments into phases, depending on the timing and status of your application. The schedule for October 2025 and beyond is as follows:
| Date | Who Gets Paid / What Kind of Payment |
|---|
| October 2, 2025 | Direct deposit for applicants filed online and marked “Eligible-Not Paid” by September 18, 2025 |
| October 23, 2025 | Paper checks or other non-direct deposit payments for those whose applications are “Eligible-Not Paid” by October 13, 2025. |
| November 20, 2025 | Further payments for those whose status becomes “Eligible-Not Paid” by November 12, 2025. Monthly disbursements continue for pending eligible cases. |
If you applied late, or your status is still “Pending/Eligible – Not Paid,” you will likely see your payment in one of the later batches.
Why It’s Important
For many Alaskans, the PFD is more than just a check—it’s essential financial assistance that helps pay bills, energy costs, groceries, and more. The Energy Relief Bonus portion reflects current concerns about the cost of living, especially in remote or rural areas.
Things to Consider
- Make sure your banking information and mailing address are up-to-date through the official PFD or myAlaska portal. Errors or outdated information may delay payments.
- Note that this payment is taxable at the federal level, although it is not taxed by the state of Alaska.
- Beware of scams: The state warns that they will not ask for passwords or sensitive personal data through unsolicited messages/emails. Use the official website to check the status.
What happens if you miss the deadline?
If you don’t apply by the deadline (usually March 31, 2025), you won’t be eligible for the current cycle’s PFD. You’ll have to wait until next year.
Final Thoughts
While this $1,702 payment is often seen as a universal stimulus, remember that it’s state-specific (for Alaska only) and part of an existing fund/dividend program, not a new federal relief policy. Still, it’s beneficial to those who qualify. If you’re in Alaska, double-check your application status now, make sure your bank and address details are correct, and expect a payment in early or late October, depending on your payment method.
Frequently Asked Questions
Frequently Asked Questions about Alaska’s $1,702 PFD payments are as follows:
Q 1. Do I have to live in Alaska continuously or for part of the year?
You must be a resident for the entire calendar year (2024) and intend to remain in Alaska indefinitely. Partial residency generally does not qualify unless other specific conditions are met.
Q 2. What is the correct deadline to apply for the 2025 PFD?
The application period ended on March 31, 2025. Late applications will not be accepted.
Q 3. Is the $1,702 payment taxable?
Yes: It is considered taxable income by the IRS (federal level). However, Alaska does not impose state tax on the PFD.
Q 4. Can felons or people with criminal records receive the payment?
General convictions for serious crimes may disqualify a person in 2024. Depending on the case, even minor offenses may affect eligibility.
Q 5. What if I applied and chose direct deposit, but still haven’t received a payment by the first quarter?
You may then be in the “Eligible – Not Paid” status and will receive your payment in a later batch (October 23 or November 20, etc.). Make sure your account and address details are correct.
Q 6. How do I check the status or avoid delays?
Use the official myAlaska/PFD Division website. Keep your personal and banking information updated. Be wary of fraudulent contacts.
Disclaimer: This article is based on information available from Alaska state sources and media reports through the end of September 2025. Details such as dates or eligibility may change, and rules for similar payments elsewhere (outside Alaska) may differ. Always check official state government websites for the most accurate and up-to-date information.
