Stimulus Payment $1,702: Check If You Qualify for a March 2025 Payout

Stimulus Payment $1,702, Alaskans can rejoice! A Permanent Fund Dividend (PFD) payment of $1,702 is set to be disbursed in 2025. This payment comes from the oil and gas revenue of Alaska and is given on a yearly basis to those residents who qualify.This will assist with food, housing, and medical relief.

Details of the $1,702 Payment

$1,702 is made up of two components:
- Permanent Fund Dividend (PFD) – $1,403.83
- Energy Assistance Amount – $298.17
- This payment is for helping the residents cope with the increased cost of living due to inflation and higher utility costs.

Eligibility Requirements for the $1,702 Payment

To qualify for this payment, applicants must meet the following eligibility criteria:

1. Residency Conditions

Must be a resident of Alaska for the entire calendar year preceding the application date (i.e., for all of 2024).
Must intend to live permanently in Alaska at the time of application.
Must have spent at least 72 hours in Alaska within the last 24 months.

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2. Criminal Record

Must not have been imprisoned for any serious crime in the past 12 months.
Individuals convicted of more than two crimes after January 1, 1997, must not have been imprisoned for any misdemeanor offense in the past 12 months.

Payment Schedule: When Will You Get Paid?

The Alaska government has released the payment schedule. Applicants whose status is marked as “eligible-unpaid” will receive their payments on the following dates:

Eligibility Confirmation Date	Payment Date
By March 12, 2025	March 20, 2025
By April 9, 2025	April 17, 2025
By May 7, 2025	May 15, 2025

How to Apply

You can apply using either of the following methods:

Online Application:
- Visit pfd.alaska.gov and apply via the myAlaska portal.
By Mail:
- Download the application form from the official website, fill it out, and send it by mail before March 31, 2025.

Special Exemptions in Eligibility

In some exceptional cases, certain exemptions may be granted, such as:

Personal Disqualification: If a person has specific disqualifying circumstances.
Deceased Applicant: If a deceased individual is claiming the benefit.
Military Members: Members who fall under Hostile Fire Pay or Imminent Danger Pay during the application period.
In these special cases, applicants must contact the Alaska Revenue Department directly for guidance.

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Why Is the $1,702 Stimulus Payment Being Given?

The main reasons behind this payment are:

Relief from Inflation
- With inflation rising in the U.S., everyday items like groceries, rent, and fuel are becoming more expensive. This payment aims to provide relief to residents struggling with these rising costs.
Assistance with Household Expenses
- Many families are finding it difficult to pay for utility bills, rent, medical expenses, and loans. This financial aid can help cover such essential needs.
Boosting the Economy
- When the government provides financial aid, people spend the money, which increases cash flow in the market and benefits businesses.

Who Is Eligible to Receive the $1,702 Stimulus Payment?

The government has established specific eligibility criteria to determine who qualifies for this payment:

1. Income Limit

Residents with an annual income of $75,000 or less will receive the full payment of $1,702.
Those with an income between $75,000 and $99,000 will receive a partial payment.
Residents earning more than $99,000 will not be eligible.
For married couples, the income threshold is $150,000.

2. Citizenship

Only U.S. citizens and permanent residents are eligible for this payment.
Foreign nationals, temporary work visa holders, and undocumented immigrants will not qualify.

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3. Tax Filing

Applicants must file their 2024 tax return on time to be eligible.
If your income is low enough that you are not required to file taxes, you must still register using the IRS’s “Non-Filers Tool” to claim this benefit.

Conclusion

The $1,702 PFD payment from the Alaska government is a crucial financial aid program designed to help residents cope with rising living costs. If you meet the eligibility criteria, make sure to apply before the deadline on March 31, 2025.

FAQs – $1,702 Stimulus Payment Requirements

Q1. What is the purpose of the PFD payment?

A: The PFD payment is intended to provide financial assistance to Alaska residents to help cover essential expenses such as food, housing, and medical care.

Q2. Is there any fee to apply for the PFD?

A: No, applying for the PFD is completely free.

Q3. Is the PFD payment taxable?

A: Yes, the PFD payment is considered taxable income and may need to be reported on your federal tax return.