Lots of people from the United States could soon be missing out on a valuable payment of $1,702 that is set to appear just once in a lifetime. If you live in Alaska, this could be your last chance to get this “permanent” stimulus check, as some people have described it.
The payment is part of the Permanent Fund Dividend (PFD) program. The state’s oil revenue funds it and it has been in use for many decades; however, not all get to benefit from it. In order to appeal the right amount of money, only the people quick enough to be the first to register and the qualified ones can qualify for it. Nevertheless, the deadline for this year is March 31.
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This is how the whole thing works.
What Is the 1702 Payment?
The $1,702 payment is part of the state’s annual Permanent Fund Dividend program. The state of Alaska shares its oil revenues with those who have been its residents for a long time. It is not a traditional federal stimulus check, but those who qualify will have a notable addition to their budgets.
That is the amount designated for this year: 1702 bucks for each person. For a family of six, this will bring upto 6800 dollars. It’s tax-free and goes directly to your bank account if you manage to apply before the deadline.
Who Can Qualify?
Only some Alaskans can grab this amount. For the 2025 dividends to be eligible:
- You had to have leased Alaska for the year of 2024.
- You should remain in Alaska permanently.
- You are not allowed to claim elsewhere.
- You have to have succeeded in doing that physically (being present at the place of the crime) in Alaska this year.
- You should have spent at least a 72-hour time period in the state in 2023 or 2024.
- Any travel outside Alaska should not have been over 180 days except for the ones allowed by the government like in military service or education.
How to Apply
It is a simple step and can be fulfilled online.
- Go to the official Alaska PFD website: pfd.alaska.gov
- Make or sign into your myPFD account.
- Complete a digital application and submit it before the due date of March 31, 2025.
They also accept a paper form if you need, but it must be postmarked by the same deadline.
When Will You Get Paid?
The sending of money is scheduled to be in sections, on the basis of the date of submission and the date of approval.
- As to money that should have been credited by February 20, in case your application was approved before February 12, it is the right time.
- In the event of approval being granted between February 12 and March 12, you must expect the payment to arrive by March 20.
- The applications which are made by the end of March will be processed in the near future.
The interface to your application status at the myPFD portal will help you to (un)clear when your dollars are being credited.
Why This Matters
With the inflation of costs everywhere in the US, people are in search of every single penny. The PFD program is one of two programs in the state that indulges in direct cash distribution to the needy people. It is the way of making Anchorage the “Anchorage of today”. The program rewarded those who stayed in Alaska and took part in its development.
And the best of all, it is not only once in a time, but it is for the entire year—still you have to apply every year.
Many individuals are not aware or are not aware of their eligibility for this money. Others, on the other hand, pass the opportunity and lose the reward. You should not put yourself in such a situation.
Need Help?
The official PFD website has a full eligibility guide, Frequently Asked Questions, and contact information. You can visit this page to find out more
For more reliable information, you can obtain the info from the source The Sun.
- Permanent Fund Dividend Eligibility Requirements
- How to Apply for PFD
Time is running out. If you’re an Alaska resident who qualifies, this could be your final opportunity to get $1,702 in 2025. The process is quite simple, but the limit is hard and fast.
