$1,702 Check Hits Bank Accounts in Days—But Only If You Live Here

If you’ve seen posts or articles claiming a $1,702 payment is landing this June, your first thought might’ve been, “Wait… is this another stimulus check?” And honestly, it sounds like it could be. But here’s the truth:

This isn’t a nationwide thing, and it’s not coming from the federal government.

Instead, it’s something only for Alaskans, and it’s part of a long-standing program that folks up north know very well—the Permanent Fund Dividend, or PFD.

Let’s break it down so it actually makes sense.

So, What Is This $1,702 Check All About?

That money is from Alaska’s oil money, which the state shares with residents once a year. It’s called the PFD, and every eligible Alaskan gets it—kind of like a “thank you” for sticking around through those long winters and high costs.

This year, the check comes to $1,702 in total, made up of two parts:

• $1,403.83 is the regular PFD amount.

• $298.17 is a one-time energy bonus to help with heating and power bills.

The payment will go out on June 18, but only to a specific group of Alaskans.

Who’s Getting It? (And Who’s Not)

Let’s be real—this isn’t a “free-for-all.” To get this money, here’s what needs to be true about you:

• You lived in Alaska for all of 2024. That means full-time, not just visiting or staying for a few months.

• You applied for the PFD between January 1 and March 31, 2025. No late apps allowed.

• Your application was approved but not paid yet—what the state calls “Eligible-Not Paid” as of June 11.

• You don’t have any disqualifying felonies, and you haven’t done anything to show you’re planning to leave the state (like getting a driver’s license somewhere else).

If that’s you? You’re likely getting the check in just a few days.

Why Alaskans Get This (and the Rest of Us Don’t)

Alaska is… different. Everything from groceries to gas to basic heating costs way more than it does in most places. So, a long time ago, the state decided to share profits from oil and natural resources with the people who live there full-time.

It’s not a luxury—it’s how many families keep the lights on, especially in smaller towns or villages where winter lasts half the year and food is flown in.

When and How It’s Paid

If you’re on the June payout list, here’s what you can expect:

• Payment Date: June 18, 2025

• Amount: $1,702

• How it’s paid: Direct deposit or mailed check, depending on what you selected on your application.

You don’t have to do anything extra, as long as your application was already in and approved.

Heads Up: It’s Taxable

This isn’t the fun part, but it’s important: the IRS treats this check like income. So yes, it counts on your taxes.

You’ll get a 1099-MISC form in early 2026, and you’ll have to report it when you file your federal return. Alaska doesn’t have a state income tax, though, so that’s one less thing to worry about.

It’s Not “Stimulus,” But It Still Helps

If you don’t live in Alaska, sadly, this isn’t money coming your way. But for Alaskans who meet the criteria, this payment can be a lifesaver—especially with prices staying high for just about everything.

So if you’re living in Alaska and think you might qualify, check your PFD status now at the official state website. And if you’re not sure where to look or how to do it, I can help walk you through that too.