$1,702 Stimulus Check 2025- Eligibility, Payment Dates & Key IRS Guidelines

$1,702 Stimulus Check 2025- Eligibility, Payment Dates & Key IRS Guidelines

The annual Alaska Permanent Fund Dividend (PFD) combined with a one-time Energy Relief Payment totals $1,702 in 2024. This includes:

  • $1,403.83 from the Permanent Fund
  • $298.17 energy relief to offset high utility costs

This fixed payment supports Alaska residents by sharing profits from oil and gas revenues, blending universal basic income with economic support.

Payment Timeline for 2025

Application Status DatePayment Date
Eligible‑Not‑Paid by Apr 9April 17, 2025
Eligible‑Not‑Paid by May 7May 15, 2025
Eligible‑Not‑Paid by Jun 11June 18, 2025
Eligible‑Not‑Paid by Jul 9July 17, 2025
Eligible‑Not‑Paid by Aug 13August 21, 2025

Note: First-time applicants for 2025 must have applied by Mar 31, 2025, and be marked Eligible‑Not‑Paid by June 11 to get the June 18 deposit .

Who —Qualifies—

To receive the $1,702 check in June 2025, applicants must meet all criteria:

  • Residency: Full-time Alaska resident throughout 2024, intend to stay indefinitely
  • Physical presence: At least 72 consecutive hours in past 24 month.
  • No conflicting residency: No driver’s license or voting elsewhere
  • Clean criminal record: No felony convictions/incarcerations in 2024; misdemeanor standards apply
  • Application timing: Online by Mar 31, 2025; paper postmarked by April 1

IRS Rules & Taxation

  • The entire $1,702 is taxable federal income and must be reported on Form 1040, Schedule 1, line 8g.
  • Recipients receive Form 1099‑MISC in January 2026 showing the full amount.
  • Expect federal tax withholding if your personal info mismatches, triggering 24% backup withholding.
  • Alaska has no state income tax, so only federal applies.

Upcoming Legislation & Future Outlook

  • Several lawmakers introduced HB 209, proposing to cap future PFDs at $1,000 and impose income limits: $50K for individuals and $100K for couples.
  • Others warn fiscal pressure may further reduce future payouts amid budget shortfalls.
  • Nothing is finalized yet—but future PFDs may be significantly smaller.

How to Apply & Track Your Status

  1. Apply online at myPFD.alaska.gov (deadline March 31, 2025)
  2. Set your direct deposit and ensure address is correct.
  3. Track status via myPFD, including “Eligible‑Not‑Paid” updates.
  4. Ensure IRS match to avoid backup withholding.
  5. Expect Form 1099‑MISC in January 2026 for taxes.

The $1,702 Alaska PFD in June 2025 offers meaningful support to residents facing high living costs. To ensure you get your share:

  • Apply before March 31 or August 13 (for prior years)
  • Track your eligibility in myPFD
  • Report income on your 2025 federal tax return

With proposed legislation underway, staying informed and compliant is key. This annual dividend reflects Alaska’s unique model of resource-sharing—secure it responsibly to support your financial health.

FAQs

Why is it $1,702 this year?

It combines a base PFD of $1,403.83 with a $298.17 energy relief payment.

What if my info doesn’t match IRS records?

You’ll face 24% backup withholding until corrected .

Could future checks be smaller than $1,702?

Yes—proposed legislation may cap future payments at $1,000 and base eligibility on income.

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