In today’s era when people are troubled by inflation and economic instability, any kind of government relief is like good news. In such a situation, when the news going viral on social media claimed that the government is going to issue a new stimulus check of $1,702, the hopes of people across America increased. It was prominently shared on many websites and Facebook posts that the IRS has confirmed that this payment is going to come into the accounts of the people very soon. But as an attempt was made to get to the bottom of this news, the truth turned out to be something else.
Actually this payment of $1,702 is not a normal stimulus check, nor has it been issued for the people of the whole of America. This is an old and established program purely for the residents of the state of Alaska called “Permanent Fund Dividend.” It has nothing to do with other states of America. Let us now know in detail about this scheme, eligibility, payment dates and misconceptions related to it.
What is the Alaska Permanent Fund Dividend (PFD)?
Alaska is a special state of America, known for its natural assets, especially oil and mineral resources. When large-scale oil was discovered there in the 1970s and 1980s and its commercial use began, the government had a question: should this income be spent only on the needs of the state administration, or should it also be shared with the citizens? With this idea, the Alaska Permanent Fund was established in 1982, with the aim of saving and investing the income from oil and minerals and distributing its annual profit equally among the residents there.
Under this scheme, a fixed amount is given every year to all eligible Alaska residents, including both children and adults. This amount varies each year according to the performance of the fund, market conditions and state income. The amount announced for 2024 is $1,702, which is being distributed in 2025.
Why is there talk of a payment of $1,702 in 2025?
In the recent news, it is being said that a new stimulus check of $1,702 is being given by the IRS. But this misunderstanding happened because people mistook this payment of Alaska PFD as a normal federal stimulus.
This amount is actually being given by the Alaska Department of Revenue and it has no direct connection with the IRS. This year, in 2025, those who applied for 2024 and whose status is “Eligible—Not Paid” will receive this amount on the prescribed dates.
Complete schedule of payment—know on which date the money will be received
The Alaska Department of Revenue has released a complete schedule for the dividend payment of 2024 and 2025. If your application status is in “Eligible—Not Paid,” then payment can be made to your account on the following dates:
- Eligible but unpaid applications till 13 August 2025: Payment will be made on 21 August 2025.
- Applications in such a situation till 3 September 2025: Payment will be issued on 11 September 2025.
- “Eligible – Not Paid” till 18 September 2025: Payment will be received on 2 October 2025.
- Such a situation till 13 October 2025: Payment will be made on 23 October 2025.
OFFICIAL PAYMENT SCHEDULE
It is worth noting that applications in which the Direct Deposit facility has been provided will be paid first, while those who get payment by check may get it a little late.
Will we get this much in 2026 as well?
The answer to this question is probably not. The Alaska Legislature has set a payment of only $1,000 for next year, which will be given in 2026. This is less than in 2024 because oil and gas revenues have declined. This means that the Alaska PFD depends entirely on the state’s economic situation and may vary each year.
Full Eligibility Details—Who Will Get This Benefit?
If you are wondering whether you will get this payment or not, then first read the eligibility conditions given below carefully. Only those people are eligible for this dividend who:
- Resided in Alaska for the entire 2024 calendar year.
- Did not claim residency in any other state or country.
- Was physically present in Alaska for at least 72 consecutive hours during 2023 or 2024.
- Have not been convicted of a felony in 2024.
- Have not been in prison for any prior crime.
This scheme also includes children, provided their parents or guardians declare them to be residents of the state and submit all the documents.
Beware of misconceptions spread on social media.
In today’s digital age, incomplete and misleading news spread on social media reaches people very fast. Some websites and YouTube channels promoted this payment of Alaska PFD as a “new federal stimulus,” which created confusion among the people.
If you live in New York, California, Texas or any other state of America, you will not get this payment, as it is only for Alaska. So do not accept any news without checking and confirm only from official government sources.
Conclusion: Know the truth, avoid confusion.
This payment of $1,702 is actually part of the Alaska Permanent Fund Dividend, which is given to the residents every year as income from the state’s natural assets. This is not a new stimulus package, and the IRS does not administer it.
If you live in Alaska and you’ve applied, you can definitely apply. You may be eligible for this benefit. But if you are from any other state, then this news is not for you.
You should be aware of your state’s financial aid schemes and social security benefits so that when a real opportunity comes, you can take advantage of it.
FAQs
Q. Who is eligible for the $1,702 stimulus payment in 2025?
A. Only residents of Alaska who lived in the state for the full calendar year of 2024 and meet other residency requirements are eligible.
Q. Is this $1,702 payment a new federal stimulus check?
A. No, it’s not a federal stimulus. It’s part of Alaska’s Permanent Fund Dividend (PFD), funded by the state’s oil revenues.
Q. When will the $1,702 payments be issued?
A. Payments will be distributed on August 21, September 11, October 2, and October 23, 2025, depending on application status.
Q. Can people outside Alaska get this payment?
A. No. Only qualified Alaska residents are eligible. Residents of other states are not included.
Q. What is the Alaska Permanent Fund?
A. It’s a state-managed fund created in 1982 to share oil and mineral revenue with Alaska residents through annual payments.