The Alaska Permanent Fund Dividend (PFD) is not free money; it is a method that the state uses to distribute the income from natural resources like oil and gas to the residents. Qualified applicants can benefit from a solid amount of up to $1,702 for 2024, which could be a great help to them, particularly if it is at the time of the holidays.
In this article, understand step-by-step payment details, eligibility, and how to claim a $1,702 Stimulus Check.
Table of Contents
What is the Alaska Permanent Fund Dividend?
The PFD is an annual check that is sent out to all those who qualify for the revenues that are generated from the oil and gas fields by the state of Alaska. In 2024, the approved amount is $1,702 per person, which helped a lot of people struggling.
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Important Payment Dates of $1,702 Stimulus Check
To ensure you receive your payment on time, keep these dates in mind:
- December 19, 2024: Applications marked “Eligible-Unpaid” by December 11, 2024.
- January 16, 2025: Applications marked “Eligible-Unpaid” by January 8, 2025.
- February 20, 2025: Applications marked “Eligible-Unpaid” by February 12, 2025.
Note: The already mentioned office period will be time-bound from December 23, 2024, to January 1, 2025, but you may forward the necessary documents through the operation of the following procedures: mail, email, or fax.
Quick overview of the $1,702 Stimulus Check
| Criteria | Details |
| Program | $1,702 Stimulus Check of 2025 |
| Country | United States |
| Residency | Lived in Alaska for all of 2023; plan to stay indefinitely. |
| Absence Limits | No more than 180 days away unless for approved reasons. |
| Legal Requirements | No felony convictions or jail time for felonies in 2023. |
| First Payment Date | December 19, 2024. |
| 2024 PFD Amount | $1,702 per eligible person. |
| Website | https://pfd.alaska.gov/ |
Who is eligible for the $1,702 Stimulus Check of 2025?
Eligibility isn’t just about living in Alaska. Here’s what you need to know:
1. Residency requirements:
You must live in Alaska for the entire 2023 calendar year.
You must plan to stay in Alaska indefinitely when you apply.
2. Limited absences:
If you’ve been out of Alaska for more than 180 days, it must be for approved reasons, such as work or school.
You must spend at least 72 consecutive hours in Alaska during 2022 or 2023.
3. Legal status:
Have not committed a serious crime in 2023.
You must not have been incarcerated for serious crimes or multiple misdemeanors during 2023.
4. Additional conditions:
You cannot claim residency in another state or country after December 31, 2022.
See Also: $1312 Stimulus Checks 2024: Who’s Eligible and Key Payment Dates
How to check the status of your application
The PFD tracker platform makes it a breeze for one to monitor their applications. Check for errors in your mailing address to make sure everything is in check. A postal mistake might bring payment problems.
Why does it matter?
For Alaskans, the PFD is more than just extra cash. The PFD is a participatory tool, so, as the state succeeds, everyone who lives there becomes a respondent. Whether you use it for your vacation expenses or to cover other costs, using it as a financial benefit may be the best way to do so.
Frequently Asked Questions
1. When is the first PFD payment for 2025?
The first payment is scheduled for December 19, 2024.
2. How can I check the status of my PFD application?
You can check your status by logging into the myPFD platform.
3. What disqualifies me from receiving a PFD?
Being convicted of a felony, a prolonged unapproved absence, or claiming residency elsewhere may disqualify you.
4. If I temporarily lived outside of Alaska, can I still qualify?
Yes, if your absence was for approved reasons, such as education or work.
5. What is the 2024 PFD amount?
The approved amount for 2024 is $1,702 per eligible individual.
See Also: Can a Divorced Spouse Receive Half of Your Social Security Benefits? Who is Eligible?
The final words on the $1,702 Stimulus Check of 2025
Don’t miss your $1,702 check it’s your share of Alaska’s wealth. Check your eligibility, mark important dates, and file your application correctly. If you have any questions, visit a PFD office or use the myPFD platform for assistance. Claim what’s yours and enjoy the benefits!