# $1,702 Stimulus Payment: Are You Eligible for Alaska’s PFD?
Thousands of Alaska residents are set to receive a $1,702 deposit this June. Could you be one of them? This amount is part of the state’s “Permanent Fund Dividend” (PFD), a program funded by oil and gas revenues designed to benefit eligible residents.
## What is the Alaska Permanent Fund Dividend?
The Alaska Permanent Fund Dividend is an annual payment given to state residents, providing them with a share of oil and gas revenues. This program serves as essential financial support, especially for families burdened by high living costs and energy expenses. In 2025, the total approved amount is $1,703, which includes a regular dividend of $1,403.83 and an additional $298.17 bonus aimed at alleviating high energy costs.
## Who is Eligible for this Benefit?
– **Residency Requirement**: Applicants must have resided in Alaska for the entire preceding year and plan to continue living there.
– **Physical Presence**: Residents must be physically present in Alaska for at least 72 hours out of the last 24 months.
– **Legal Standing**: Those not involved in serious crimes may qualify.
– **Application Status**: Individuals with an “Eligible-but not paid” status in 2024, continuing as of June 11, 2025, will receive payment on June 18.
Applications open from January 1 to March 31 and can be submitted online or by mail.
## Application Process
Residents can apply for this benefit annually. Applications can be completed through the online portal at pfd.alaska.gov or submitted by mail, with the deadline on April 1. Timely and accurate applications result in mid-year payments.
## Potential Obstacles
It is crucial to carefully follow the application process. For example, obtaining a REAL ID license outside of Alaska can impact eligibility. Therefore, it is recommended to avoid doing so.
## Importance of Payments
The Permanent Fund Dividend not only offers personal financial relief but also stimulates the local economy. Primarily spent locally, this money enhances economic activities and supports small businesses. While the state does not tax this payment, the IRS treats it as taxable income, making recipients responsible for potential tax liabilities.
## Local Economy and Community Impact
The PFD enriches not only individuals but also the community. By spending locally, residents help businesses thrive, create jobs, and expand employment opportunities, fostering economic growth across Alaska.
## Payment Process
Payments have already been issued in October, November, and December, making this June deposit a significant chance to become part of the payment cycle amidst Alaska’s challenging weather conditions, which often necessitate higher spending.
## Conclusion
Alaska’s Permanent Fund Dividend is a lifeline for those in financial difficulty, improving residents’ quality of life and strengthening the economy. This unique program fortifies the connection between the government and Alaskans, benefiting both the state and its people while inspiring communal effort toward common goals.
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Discover if you qualify for Alaska’s $1,702 PFD stimulus payment this June. Learn about eligibility, application process, and community impact. Find out more now!