Stimulus Payment $1,702 Requirements: How do you know if you will receive a check in March 2025?

Stimulus Payment $1,702 Requirements: Good news for Alaskans! They will receive a stimulus payment of $1,702 as the 2025 Permanent Fund Dividend (PFD). This is part of the money they get from the revenue of the state’s oil and gas, which is distributed to the eligible territories every year. This payment is meant to help with the basic needs like food, housing and medical care.

Details of the $1,702 payment

2024 Permanent Fund Dividend is $1,702, consisting of:

• Energy Assistance Amount: $298.17
• Permanent Fund Dividend: $1,403.83

Eligibility

If you wish to make arrangements for eligibility for this payment, one needs to fill out the following card:

• Residency Condition:
  • Should have resided in Alaska for the entire calendar year prior to the date of application.
  • Should desire to reside in Alaska permanently at the time of application.
  • Must have been an Alaskan for at least 72 years in Alaska within the past 24 months.
• Criminal record:
  • Not incarcerated for any serious offense in the past 12 months.
  • If convicted of more than two offenses since January 1, 1997, not in prison for any crime that is punishable (misdemeanor) in the past 12 months.

Payment plan

Applicants in eligible-unpaid (qualified-unpaid) status, according to the Alaska government, will be required to pay on the following dates:

• Applicants who are in “eligible-unpaid” status by March 12, 2025 will be paid by March 20, 2025.
• Applicants who are in “eligible-unpaid” status by April 9, 2025 will be paid by April 17, 2025.
• Applicants who are in “eligible-unpaid” status by May 7, 2025 will be paid by May 15, 2025.

If you have not applied yet, you still have a few days left to apply. The application deadline is March 31, 2025. To apply, you can apply online on the PFD online portal pfd.alaska.gov or mail the application.

Exemptions in special cases

There can be special exemptions to eligibility in certain cases, including:

• If there is a personal disqualification.
• If a deceased individual is applying for benefits.
• If a military personnel comes under the Hostile Fire or Imminent Danger Pay (Hostile Fire or Imminent Danger Pay) during the application time.

In such special situations, it is required to contact the Alaska Revenue Department (Alaska Revenue Department) directly.

Why is the $1,702 stimulus payment being provided?

The primary reasons for providing this payment are:

1. Relief from inflation:

• Inflation is always rising in America. Food, rent of house, petrol, and other basic needs are getting costlier. In such a condition, this figure will provide relaxation to the general public.

2. Assistance in household expenditure:

• Most people are struggling to pay their electricity bills, rent, medical bills or loans. This figure will assist them in covering these expenses.

3. Encouraging the economy:

• When the government provides money to people, they use it, and this spreads money in the market and is a gain for business.

Who are eligible for the $1,702 stimulus payment?

There is some special eligibility for this payment. Let us see who can take the benefit of this scheme:

1. Income Limit:

• If your yearly income is below $75,000, you will receive this payment as a full amount.
• If your income is between $75,000 and $99,000, you will receive a partial payment.
• Individuals whose income is greater than $99,000 will not receive this benefit.
• This limit for married couples will be $150,000.

2. Citizenship:

• Only US citizens and permanent residents will be eligible for this payment.
• Temporary work visa holders, foreign nationals, and illegal immigrants will not receive this benefit.

3. Tax Filing:

• You need to file your 2024 Tax Return on time.
• If your earnings were so small that you weren’t required to file taxes, you must still enroll yourself with the IRS’s “Non-Filers Tool.”

Conclusion

The $1,702 PFD payment by the government of Alaska is a significant financial support for the eligible location. If you have achieved the eligibility, then ensure that you apply on time. The deadline for applying is 31st March 2025, so apply on the PFD portal in time and benefit from this financial support.

FAQ’s