The Alaskan government is providing financial support to eligible citizens through the $1702 Stimulus Checks in June 2025. These payments are part of the Permanent Fund Dividend (PFD) program, which allows residents to receive a portion of the state’s oil revenue. This benefit is a long-standing effort to help citizens cope with rising costs and improve their daily lives. Individuals who meet the state’s strict eligibility requirements will receive this amount either by direct deposit or check, depending on how they applied for the benefit.
Program history
The PFD program was launched in 1976 through the Alaska Permanent Fund Corporation. It uses a portion of oil revenue to make long-term investments in real estate, stocks, and other assets. The returns from these investments are then distributed among eligible Alaskans. Over time, this initiative has become a consistent financial support system for people living in the state. Payments change yearly, based on the overall performance of the fund and the state’s available resources.
Payment breakdown
In 2025, qualified individuals will receive a total of $1702, which includes a $1403.83 dividend and a $298.17 energy relief payment. The official payment date is June 18, 2025, and this amount is a considerable increase from the $1312 paid out in 2024. The fund’s ability to distribute more this year highlights strong investment performance. The last highest payout was in 2022, when $3284 was given, including a one-time energy bonus that significantly raised the benefit for that year.
Eligibility rules
To qualify for the $1702 payment, applicants must have lived in Alaska for the full calendar year before applying. They also must intend to continue residing there and have no felony convictions or long-term imprisonment of 30 or more days. Each member of a household must fill out a separate application before the March 31, 2025 deadline. Also, citizens cannot be outside Alaska for more than 180 consecutive days without a valid reason. Mistakes or missing details in applications may delay their payments.
Public reaction
Alaska Revenue Commissioner Adam Crum has stated that the 2024 PFD checks will help improve the economy of local communities. He emphasized that the state has honored its commitment for the 43rd year by sharing earnings from oil, natural resources, and investments with its people. Many residents have welcomed the announcement, as these funds can be crucial for covering rent, groceries, fuel, and other essentials during tough financial times. For some, this benefit brings stability to otherwise uncertain budgets.
Latest update
While this year’s $1702 amount is confirmed, the 2025 figure may still change depending on final legislation. The Alaska Legislature is still reviewing the future formula for calculating PFDs. That means citizens should not assume that future amounts will be the same. Individuals are encouraged to keep an eye on the official PFD portal for real-time information. As the situation evolves, any new changes or updates will be posted online to help residents plan accordingly and avoid confusion.
Disclaimer: This article is for informational purposes only. The final decisions regarding eligibility, payment dates, and stimulus amounts are made solely by the Alaska Department of Revenue and related authorities. For the latest and most accurate updates, please visit the official website at https://pfd.alaska.gov.