One-Time $1,702 Stimulus Payment – What You Need to Know

f you live in Alaska, you may have received a $1,702 payment this year. This isn’t a federal stimulus check, but part of Alaska’s Permanent Fund Dividend (PFD) program. Every year, the state gives eligible residents a cut of its oil and gas revenue, helping families cover everyday expenses.

So, who qualified for this year’s payout? When were the checks sent? And what can Alaskans expect for 2025? Here’s what you need to know.

Who Qualified for the $1,702 Payment?

Not everyone in Alaska got this money. To qualify for the 2024 PFD, residents had to meet these requirements:

• You must have lived in Alaska for all of 2023 and plan to stay in the state.
• You couldn’t have been absent from Alaska for more than 180 days, unless it was for approved reasons like military service, school, or medical treatment.
• You couldn’t have a felony conviction or certain misdemeanor charges on your record.
• You had to apply between January 1 and March 31, 2024—late applications weren’t accepted.

If you met these requirements and applied on time, you were likely approved for the $1,702 check.

When Were Payments Sent?

If your application was processed and approved by December 11, 2024, your payment was sent shortly after. The fastest way to get the money was through direct deposit, while paper checks took longer to arrive.

Why Does Alaska Give Out This Money?

Alaska’s Permanent Fund Dividend (PFD) was created to share the state’s oil wealth with its residents. The payout changes every year based on the state’s oil revenue, but for 2024, it was set at $1,702 per person.

For many families, this money helps cover essentials like rent, groceries, medical bills, and savings.