​Stimulus Payment $1,702 Requirements: How do you know if you will receive the check in February 2025? 

BLAKE REYNOLDS
12/02/2025
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04:49
CSTThe well-known oil and gas revenue distribution program in Alaska confirmed that they have already issued the Permanent Fund Dividend (PFD) stimulus check payment.The amount approved for this year is $1,702 per eligible resident, which is more than the $1,312 payment in 2024. This increase is the result of the state’s economic success and its commitment to sharing resources with its people.The Permanent Fund Dividend is a state program designed to distribute Alaska’s natural resource revenues to its citizens. Based on the fund’s earnings reserve account, which totaled $914,315,845 this year, the $1,702 payment for 2025 was determined. A basic dividend of $1,403.83 was obtained by dividing this amount among eligible applicants.The Alaska Department of Revenue announced that the 2024 Permanent Fund dividend and energy assistance check will total $1,702.The Alaska Legislature appropriated more than $914 million for this year’s check. According to state revenue officials, the payment is eligible for more than 600,000 Alaskans, and is more than $400 more than the PFD that was delivered the previous year.3 secret ways to get a bigger tax refund and make sure you pay only what you oweThose who meet the eligibility requirements for the $1,702 stimulus payment for 2025 can benefit from the Permanent Fund Dividend (PFD).These are the requirements:You must have lived in Alaska for the entire calendar year prior to the date of your dividend application and must plan to remain in Alaska permanently at the time of your application.First of all, you must be a registered resident of Alaska.You must have lived in Alaska for a minimum of 12 continuous months and not have applied to live in another state or nation.There should be no immediate plans to abandon Alaska.In addition, it cannot have benefited from such application.Must include at least 72 hours of continuous time in Alaska during the previous 24 months.Applicants must not have served a prison sentence for a felony in the last 12 months. In addition, they must not have been imprisoned for a misdemeanor if they have been convicted of one or two misdemeanors since January 1, 1997.Following the legal formula, which was expected to result in a $1 billion deficit, Governor Mike Dunleavy suggested a $3,500 dividend in December. In April, the state House approved a check for about $2,300, leaving the state with an estimated $270 million deficit.The Senate-favored 75-25 formula, which allocates one-quarter of the Permanent Fund’s annual earnings to dividends and three-quarters to state services, is finally adopted by lawmakers.The first $1,702 stimulus payment for 2025 was boosted slightly by about $300 by the Legislature thanks to unexpected oil gains.