Millions of Americans eagarly wait for the stimulus checks this $1702 Stimulus Check is a part of Alaska’s Permanent Fund Dividend (PFD) program and cannot be considered as a centralised stimulus check. It was distributed to qualified Alaskan residents in 2024 and early 2025. PFD is distributed to the residents of Alaska each year and is collected from the oil revenue generated by the state.
It was a one-time special energy relief check to assist individuals with the absurd cost of electricity and heat that comes with surviving Alaskan winters. This check was a significant relief to most families in Alaska. With the increasing prices of gas, food, and other goods, the $1,702 check was some relief to the Eligible People. This scheme annually indicates how the state is willing to distribute the wealth that it receives from taxes to its residents.
$1702 Stimulus Check 2025
Stimulus checks are government payments sent to citizens during times of economic distress. Payments are issued during times of crisis such as recessions or pandemics. The purpose of the checks is that individuals can purchase whatever is needed and Sustain the Economy. When individuals utilize this money to purchase groceries, bills, or other necessities, it also benefits stores and corporations. Thus, the money benefits individuals and the economy.
During the COVID-19 pandemic, the US government issued stimulus checks to all Eligible Americans as relief for loss of employment, illness, and inflation. These were not similar to the $1702 payment issued by Alaska, which is yearly and not connected to a national crisis. But the $1702 check is also referred to as a “stimulus check” by all because it also provides Financial Aid. But what makes it significantly different is that it is just for residents of Alaska and it’s done annually, not only in times of crises.
Eligibility to Apply for the Stimulus Check
Individuals had to meet some guidelines to be eligible for the $1702 Stimulus Check under Alaska’s Permanent Fund Dividend (PFD). The Alaska Department of Revenue established these guidelines:
- You should have been a Full-Year Resident of Alaska in last year’s earlier calendar year (2024).
- You should be planning to remain in Alaska and Reside there Permanently.
- You shouldn’t have been away from Alaska for more than 180 days, except for special reasons like education, illness, or the armed forces.
- You shouldn’t have been imprisoned on an offence charge or been in Prison for a Year.
- Your application must be made between January 1 and March 31, 2025.
Benefits of $1702 Stimulus Checks
The $1702 stimulus check assisted many individuals in Alaska in one way or another. First and foremost, it provided them with financial relief. When food and rent, among other bills, are increasing, this allowance enables families to Settle Some Essential Bills. Most of the individuals utilized the money to buy groceries, electricity bills, or winter clothes. Another benefit of the check was that it had an emergency relief one-time payment. This extra payment helped people to cover their health bills. Alaska is a freezing state, and heating is expensive, specifically during winters. That made the payment even more useful.
This payment benefited the economy of the state too. When individuals spend the money to purchase goods and services in local stores and shops, the Stores Remain Operational. This generates employment and ensures money is circulating in the community. Therefore, when an individual is purchasing groceries, the store owner is getting paid as well. That’s why these payments benefit individuals and the economy alike.
2025 Payment Timeline
| Date | Payment Status |
|---|---|
| Oct 3, 2024 | First round of PFD payments |
| Oct 24, 2024 | Second batch for late-approved applicants |
| Jan 16, 2025 | Adjustments and late corrections |
| Mar 21, 2025 | For applications finalized by March 13 |
| Apr 19, 2025 | Final payments for March-end approvals |
Latest News on $1702 Stimulus Checks 2025
The $1702 stimulus check exists, but it is not included in a new central stimulus check. It is the 2024 Alaska Permanent Fund Dividend Payment paid to qualified Alaskans annually. The payment had an additional one-time energy relief bonus too, so the payment amounted to $1702 in total. It is payable only to the people residing in Alaska and meeting all the requirements. It is a steady and recurring program by the state government, and it still benefits residents annually.
There are a lot of individuals online who have questions asking if this is a national stimulus check, but it is not available to everyone in the U.S. It’s just for people who live in Alaska. The details of the check can be checked on the official Alaska PFD website. If you reside in Alaska and qualify under the rules, this payment can be a nice addition to your pay.
FAQs
Will individuals living outside Alaska become eligible for the stimulus check?
No, it is only intended for Alaska residents and individuals who meet all the eligibility requirements. Individuals staying in other states cannot claim the payment.
Do you need to pay tax on this $1702 check?
Yes, the check is income under federal government regulations, and you must report it when you file your tax returns.
Is the amount fixed every year?
No, the size of the PFD varies from year to year.
Mary Pashak is a financial journalist with 4 years of experience writing about finance and current news. She covers the latest market trends and important economic events. Working with MV News, Mary provides clear and easy-to-understand articles that help readers stay updated on financial topics. Her goal is to make complex financial news more accessible to everyone.