Alaska, the largest and most resource endowed state in America has always been synonymous with oil-richness the world over. However this time Alaska is not only on the news with its oil, but also with the 1,702 stimulus payment that its citizens will get. This is one of the Alaska Permanent Fund Dividends (PFD) plans that are to be paid in 2025 and this is a relief to thousands of families annually.
What is the Alaska Permanent Fund?

In 1976, the Alaska government made an important step when it created the Alaska Permanent Fund. The reason behind this is that it was meant to make sure that the good of the oil revenues of the state would not reach just to the government treasury but also to the common people.
Each year, a certain part of oil revenue is deposited in this fund and a certain part of its earnings is paid to the citizens as a Permanent Fund Dividend (PFD). This may be viewed as a monetary incentive, which represents the portion of the wealth of citizens.
Payment Amount of $1,702 in 2025
A total of $1,702 will be distributed to eligible Alaskans in 2025. This amount is not just financial assistance but a significant relief for thousands of families, especially senior citizens.
The total amount of this payment is divided into two parts:
- $1,403.83 – Regular Dividend
- $298.17 – Energy Assistance Bonus
While this amount may fluctuate slightly, it is expected to remain consistent with previous years. Many families rely on this payment to balance their monthly budget.
October 2025 Payment Schedule
Alaska PFD’s greatest strength is its reliable payment schedule. Payments are made in multiple phases, and the October 2025 phase is especially important for senior citizens.
The complete payment schedule is as follows:
- August 21, 2025 – First installment for those with “Eligible – Not Paid” status.
- September 3 to 18, 2025 – The largest payment phase, with direct deposits to bank accounts.
- September 11, October 2, and October 23, 2025 – Remaining payment dates, both by check and direct deposit.
Senior citizens who chose the direct deposit option will receive payments first.
Eligibility Rules
Several requirements must be met to receive the $1,702 award:
- Residence: The applicant must be a resident of Alaska throughout 2024 and plan to remain there in the future.
- Physical Presence: Residential stay in Alaska for at least 72 hours in either 2023 or 2024 is mandatory.
- Absence Rules: If a person has been out of state for more than 180 days, the reason must be valid, such as education, medical treatment, or military service.
- Criminal Record: Individuals with felony convictions or repeated minor offenses will not be eligible.
- Application Deadline: Applications must be submitted by March 31, 2025. No applications will be accepted after that date.
Application Process – How to Receive $1,702 Payment

In today’s digital age, the application process is extremely simple and can be completed entirely online.
The main steps are as follows:
- Visit the official website: pfd.alaska.gov
- Create a myAlaska account or log in with an existing one.
- Fill out the application form – enter personal information, proof of residence, and bank details.
- Upload the required documents – If you have been out of state for some time, upload a proof of residence.
- Submit the application – Click “Submit” after filling in all the information.
Note – A separate application must be completed for each family member (including children).
Possible Reasons for Delayed Payments
Payments may sometimes be delayed. Common reasons include:
- Late submission of application
- Providing incorrect or outdated bank information
- Failing to report absences during the residency period
- Uploading incomplete or incorrect documents
By avoiding these mistakes, you can ensure that payments reach your account on time.
Important Tax Information
Although this payment is exempt from state tax, the Internal Revenue Service (IRS) considers it taxable income.
Therefore, you must include it on your 2025 tax return.
To avoid any tax-related problems, it’s best to make advance tax adjustments (Advance Withholding) on time.
What happens if the deadline is missed?
If you don’t apply by March 31, 2025, you will be excluded from this year’s payment plan. The government does not accept late applications under any circumstances. Your next opportunity will only be in 2026.
Why is this payment important?
This $1,702 stimulus payment from Alaska is not just a financial relief, but a symbol of citizens’ sharing in the state’s natural resources.
This amount is a significant relief for families struggling with rising inflation and the cost of living.
Especially for senior citizens, this payment brings stability and security to their monthly budgets.
Conclusion
The Alaska 2025 Permanent Fund Dividend (PFD) program is a treasure trove of financial assistance to Alaskans. Not only does it enhance the financial stability of the families, but it also makes beneficial the oil wealth of the state reach all of the citizens.
You will be eligible provided that you apply before the deadline, meet the eligibility criteria, enter in the right information and use updated bank details. This will make the money directly deposited to your bank account within January 2, 2025 at the latest.
The program is a living testimony to the fact that when a state shares its wealth fairly, the real benefits are provided to the citizens of the state.
FAQs
Q1. When will the $1,702 Alaska PFD payments be sent?
Payments will be distributed in phases between August and October 2025.
Q2. Who qualifies for the $1,702 payment?
Permanent residents of Alaska who lived in the state during 2024 and meet all eligibility rules.
Q3. What is included in the $1,702 payment?
It includes a $1,403.83 regular dividend and a $298.17 energy assistance bonus.
Q4. Is the PFD payment taxable?
Yes, it is taxable under federal law but exempt from Alaska state tax.
Q5. How can I apply for the payment?
Apply online through the official website pfd.alaska.gov before March 31, 2025.