Many Alaskans are set to receive a $1,702 stimulus check in June 2025 through the state’s Permanent Fund Dividend (PFD) program. Funded by Alaska’s oil revenues, the PFD continues to offer vital financial relief, especially amid rising living costs in one of the most expensive states in the U.S.
Whether you’re a long-time resident or newly eligible, here’s what you need to know about this year’s payout—how much it is, who qualifies, and when to expect it.
What Is the $1,702 Stimulus Check?
The $1,702 payment is not a federal stimulus, but a state-issued benefit provided under Alaska’s PFD program. In 2025, the total payment includes:
- $1,403.83 from the PFD fund
- $298.17 from the Energy Relief Payment (ERP)
That brings the total to $1,702, marking a nearly $400 increase from last year’s $1,312. While it’s lower than the record $3,284 payout in 2022, this year’s payment still offers significant financial relief for Alaskans coping with economic uncertainty.
2025 PFD Stimulus Payment Overview
| Program Details | Information |
|---|---|
| Program Name | Permanent Fund Dividend (PFD) |
| Managing Agency | Alaska Department of Revenue |
| Total 2025 Payment | $1,702 ($1,403.83 PFD + $298.17 ERP) |
| Payment Date | June 18, 2025 |
| Payment Method | Direct Deposit or Mailed Paper Check |
| Application Deadline | March 31, 2025 |
| Official Website | pfd.alaska.gov |
| Eligible Status Required by | May 8, 2025 |
Why Alaska Offers the PFD
Created in 1976, the PFD program allows all eligible Alaskans to share in the state’s oil wealth. Managed by the Alaska Permanent Fund Corporation (APFC), the program invests revenues from oil leases and royalties into a diversified fund including:
- Stocks
- Bonds
- Real estate
- Global market assets
The annual PFD amount varies depending on the fund’s performance, not on legislative spending decisions.
Eligibility Criteria for the $1,702 Check
To receive the 2025 PFD payment, you must meet the following qualifications:
- Residency: You must have lived in Alaska for all of 2024.
- Intent to Remain: You must intend to remain an Alaska resident indefinitely.
- Criminal Status: Cannot have a felony conviction or have been incarcerated for 30+ days.
- Application Submitted: Must have applied by March 31, 2025.
- Absence Limit: Cannot be out of Alaska for more than 180 consecutive days, unless for an approved reason (e.g., military duty, education).
- Individual Applications: Each family member—including children—must apply separately.
Only individuals listed as “eligible–unpaid” by May 8, 2025 will receive their payment on the June 18 disbursement date. Errors or incomplete applications can lead to delays.
The State’s View: Economic Sharing
Alaska Revenue Commissioner Adam Crum has emphasized the program’s ongoing importance:
“The PFD is a reflection of Alaskans receiving their fair share of the state’s oil and investment earnings.”
The payment serves as a direct return on the state’s natural resource wealth, and for many residents, it offers critical help for covering housing, fuel, groceries, or debt payments.
Future Outlook of the PFD
While the 2025 amount remains stable at $1,702, state lawmakers are continuing to debate the long-term structure of the program. Some proposed changes include:
- Revising how much of the fund’s earnings are paid out annually
- Increasing the portion set aside for future generations
- Introducing income thresholds or new eligibility guidelines
Residents are advised to stay informed through the official site: pfd.alaska.gov, especially as legislative changes could impact future payouts.
FAQs
Is the $1,702 stimulus taxable?
No. The PFD is not considered taxable income by the state of Alaska, but it is federally taxable. Be sure to report it on your IRS tax return.
When will the $1,702 payment be sent out?
The first round of payments is scheduled for June 18, 2025, for applicants in “eligible-unpaid” status by May 8.