$1,702 Monthly Stimulus Payment Confirmed for 2025 – Eligibility & Dates Inside

$1,702 Monthly Stimulus Payment Confirmed for 2025 – Alaska, located in the northern part of America, is not only famous for its icy beauty and cold weather, but is also known for a unique government scheme. The name of this scheme is Permanent Fund Dividend (PFD).

This scheme is not like a loan or government aid, but a part of the income from the natural resources here, especially oil and gas, is given directly to the citizens.

A payment of $1,702 has been fixed under this scheme in the year 2025. This includes an annual dividend of $1,440 and an energy relief bonus of $262.

The energy relief bonus means – to give relief to people from heating and energy expenses in cold weather.

Who can get this $1,702?

Not everyone can take advantage of this scheme. Some simple but important rules have been made for this:

• It is necessary to live in Alaska throughout the year – You have to live continuously in Alaska from 1 January 2023 to 31 December 2023.
• Not claiming in another state or country – During this time you should not have claimed residence or government benefits in any other state or country.

About 6 lakh people who fulfill these conditions will get this payment in 2025.

When and how to apply?

The application process for 2024 is over, but if you want to take advantage of this scheme in the future, remember the dates for 2026 payment:

• Application start: 1 January 2026
• Application last date: 31 March 2026

If you will apply for the first time or were not eligible in 2025, then apply in this period.

When will you get the money?

Sources:- pfd.alaska.gov

The government has fixed two dates for payment:

• First installment: Those whose application is in “Eligible – Not Paid” status by 9 July 2025 will get the payment on 17 July 2025.
• Second installment: Those whose application is approved by 13 August 2025 will get the money on 21 August 2025.

The money will be sent directly to the bank account or in the form of a cheque.

Why will this money not be taxed?

The best part of this plan is that it is completely tax-free.

• You will not have to pay federal tax on it.
• It will not affect your government assistance schemes like SNAP (Food Stamps), Medicaid.

That is, this money is a direct benefit for you, on which there is no additional burden.

Why does the amount change every year?

The amount of PFD is different every year, and it depends on three main reasons:

• Oil prices – Alaska’s economy is based on oil. With the increase in price, income increases and so does the dividend.
• Investment of the fund – This fund also earns from investment. If the investment does well, the amount can increase.
• Government policies – Sometimes the government adds additional help, like this year’s $262 Energy Relief Bonus.

An example for other states

In most parts of the world, the government keeps the earnings from natural resources, but Alaska distributes it among the citizens.

This model shows that if the government is transparent and takes decisions in the public interest, then people also trust the government.

PFD is not just financial aid; it also strengthens the trust relationship between citizens and the government.

If you want to avail the benefits in the future, then note:

• It is necessary to live in Alaska continuously.
• Do not claim government benefits in another state or country.
• Remember the application dates (January 1 – March 31, 2026).
• Have all your documents ready on time, such as your identity card and proof of residence.

Conclusion

Alaska’s $1,702 PFD payment is a great example of how the government can deliver the earnings of natural resources directly to the citizens.

It is not only tax-free, but also helps to improve the economic condition of the people and provides relief in energy costs.

If you are eligible, apply on time and take full advantage of this opportunity.

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