The widely discussed “$1,702 stimulus check” coming in June is not a federal payment—it’s the Alaska Permanent Fund Dividend (PFD). This annual benefit, funded by oil revenues, is distributed to eligible Alaska residents who meet specific residency and legal requirements. If you’re living in Alaska or considering applying, this guide breaks down everything you need to know about the PFD, including eligibility, payment dates, tax details, and how to apply.
Summary Table: $1,702 Alaska PFD Check in June 2025
| Feature | Details |
|---|---|
| Payment Amount | $1,702 |
| Eligibility | Alaska residents who meet strict residency requirements |
| Application Period | February 1 – March 31, 2025 |
| Payment Date | June 18, 2025 (for those approved by June 11, 2025) |
| Taxation | Not taxed by Alaska, but taxable at the federal level |
| Official Site | Alaska PFD Website |
What Is the $1,702 Payment in June 2025?
Despite viral headlines claiming a new federal stimulus check is coming in June, the reality is this payment refers to Alaska’s Permanent Fund Dividend (PFD). The PFD is an annual payment to eligible Alaska residents funded by the state’s oil revenues. In 2025, the payout is estimated to be $1,702 per person.
It is not a federal stimulus check and is only available to residents of Alaska who meet specific requirements.
What Is the Alaska Permanent Fund Dividend (PFD)?
The Alaska PFD was established in 1982 as a way for state residents to benefit from the state’s natural resource wealth, primarily oil. Revenue from oil production is invested in the Alaska Permanent Fund, and the annual dividends are drawn from investment earnings.
The dividend amount varies each year depending on the performance of the fund and the distribution formula. In recent years, payments have ranged between $1,000 and $2,000.
Who Qualifies for the 2025 Alaska PFD?
Eligibility for the 2025 PFD is determined by a set of strict residency and legal requirements:
1. Residency Requirements
- Must have been an Alaska resident for the entire 2023 calendar year.
- Must intend to remain an Alaska resident indefinitely.
- Temporary absences (such as for education, military service, or medical care) are permitted but must be well documented.
2. Legal and Criminal History
- Individuals convicted of a felony or incarcerated for most of 2023 may be ineligible.
3. Application Deadline
- Applications must be submitted between February 1 and March 31, 2025. Late applications are not accepted.
How to Apply: Step-by-Step Guide
- Mark Your Calendar: The application window is from February 1 to March 31, 2025.
- Apply Online: Visit the Alaska PFD Website to submit your application.
- Prepare Documentation: Have proof of residency, valid ID, and documentation of allowable absences if needed.
- Track Your Application: Monitor your status. Make sure it says “Eligible-Not Paid” by June 11, 2025.
- Set Up Direct Deposit: Input your correct banking information for faster disbursement.
When Will You Get Paid?
- Payments will be issued on June 18, 2025, for those whose applications are marked “Eligible-Not Paid” by June 11.
- Direct deposit recipients will receive their funds quicker than those who opt for paper checks.
How Much Will You Get?
The estimated payment in 2025 is $1,702 per person. However, this amount may vary depending on the fund’s performance.
Historical Context:
- Highest Payout: $2,072 in 2015
- Lowest in Recent History: $878 in 1984
Is the PFD a Federal Stimulus Check?
No. The PFD is:
- Not related to economic stimulus or federal programs
- Funded entirely by Alaska’s oil revenues
- Restricted to Alaska residents
- Recurring annually, although amounts vary
In contrast, federal stimulus checks are temporary relief payments during national emergencies and are distributed by the federal government to all qualifying Americans.
Tax Implications
- No state tax on the PFD in Alaska
- Subject to federal tax
You must include the PFD as income on your federal tax return. Consider setting aside a portion of the check to cover any future tax liability.
Tips for Managing Your PFD
- Apply Early: Don’t wait until the last minute.
- Use Direct Deposit: Faster, safer, and more reliable.
- Keep Records: Especially for allowable absences and legal documents.
- Plan for Taxes: Set aside money to cover federal taxes.
- Use Wisely: Consider putting it toward debt, savings, or essentials.
Comparison: PFD vs. Federal Stimulus Checks
| Feature | Alaska PFD | Federal Stimulus Checks |
| Funded By | Alaska oil revenues | Federal government |
| Eligibility | Alaska residents only | U.S. residents based on income |
| Frequency | Annual | One-time (during emergencies) |
| Taxable? | Federally taxable | Generally not taxable |
| Amount | Varies (est. $1,702 in 2025) | Fixed by stimulus law (e.g., $1,200) |
Frequently Asked Questions (FAQs)
Q1: Is this a new federal stimulus payment?
A1: No, this is a state payment exclusive to Alaska residents, known as the Permanent Fund Dividend (PFD).
Q2: Who qualifies for the $1,702 PFD in 2025?
A2: Alaska residents who lived in the state the entire 2023 year and meet residency/legal requirements.
Q3: What are the application dates?
A3: Applications are accepted between February 1 and March 31, 2025.
Q4: Is the PFD taxed?
A4: Not by the state of Alaska, but it is subject to federal taxation.
Q5: When are payments made?
A5: June 18, 2025, for those whose applications are approved by June 11.
Q6: Can non-Alaskans receive the PFD?
A6: No. Only permanent Alaska residents who meet eligibility rules can receive the payment.
Final Thoughts
The $1,702 Alaska PFD is a significant benefit for qualifying residents and is not a stimulus check. With proper planning, timely application, and a clear understanding of the rules, recipients can make the most of this unique state dividend. Always refer to the Alaska PFD Website for the most current and official information.
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