New 2025 Stimulus Update – $1,702 Payments Announced for Eligible State Residents

On: Tuesday, April 8, 2025 5:55 AM

New 2025 Stimulus Update – $1,702 Payments Announced for Eligible State Residents (1)

The year 2025 brings new hope for the residents of Alaska. This year they are going to receive a total financial aid of $1,702, which includes the Permanent Fund Dividend (PFD) and Energy Relief Bonus. Both these payments are being received at a time when inflation has broken the back of every household and energy costs are skyrocketing in winter. This amount can prove to be a sigh of relief for those families who are going through difficult economic times.

Whether you have been living in Alaska for years or have recently moved here, it is very important to know who will get this payment, how to apply, what to keep in mind, and by what date the money can come to your account.

Full details of the payment: What will you get and how much?

The total payment of $1,702 to be received in 2025 is divided into two parts:

Permanent Fund Dividend (PFD) – $1,403.83

This amount comes from the oil revenue of the state of Alaska. The Alaska government distributes the benefits of its natural resources to the residents of the state – this is its purpose.

Energy Relief Bonus – $298.17

This bonus is being given especially to provide relief from high energy bills in winter. This bonus is a necessary relief in a cold state like Alaska.

Eligibility: Who is eligible for this payment?

Not everyone automatically gets the benefit of this scheme. Some strict criteria have been set for this:

1. Permanent residence: Your main residence must be in Alaska, and you intend to stay here indefinitely. If you have a permanent job, home or family living here – then these things will go in your favour.

2. Physical presence: You must be present in Alaska for at least 72 consecutive hours in the year 2022 or 2023.

3. Waiver of absence: If you stayed out of state for more than 180 days, that time must fall under any of these reasons:

Studying outside Alaska
Service in the military or deployment with family
Treatment that was not possible in Alaska

4. Legal status

You must not have any felony convictions against you in 2023.

Repeated offences or long prison sentences may also affect your eligibility.

5. No citizenship of another state: You must not have claimed residency in another state or country after December 31, 2022. This plan is only for full-time Alaska residents.

Application Process: How to apply?

If you meet all these conditions, then applying is very easy:

Step 1:
Visit the Alaska Department of Revenue’s PFD portal from April 1, 2025. Bookmark the website and keep checking regularly for updates.

Step 2:

Fill in your full name, Social Security number, address, and other basic information. Keep in mind that any mistakes can slow down your application.

Step 3:

You may need to upload some documents, such as:

Electricity or rent receipts
Pay slips or a letter from your job
School or medical records (if you were out of state)

Step 4:
Once you submit your application, keep checking your application status through the myPFD portal. If there are any errors, you can make corrections.

Step 5:
Payment dates are determined based on the approval of your application:

Importance of this payment: Why is it important?

New 2025 Stimulus Update – $1,702 Payments Announced for Eligible State Residents (2)

This is not just a government assistance, but it is a unique tradition of Alaska – sharing its natural resources with the public.

1. For families:

Helps cover the cost of essentials like food, heating, and healthcare.

2. Local business:

Money in people’s hands increases spending in the market, which benefits small businesses.

3. Winter expenses:

Energy bills increase in winter; in such a situation, this bonus provides relief.

Important information related to tax

You are getting money, but it is also important to understand the tax calculation:

PFD ($1,403.83): This amount is taxable at the federal level. That is, it has to be shown in your IRS return.
Energy Relief Bonus ($298.17): This is considered emergency relief, so it is usually exempt from tax.

Advice: Be sure to consult a tax expert so your tax filing is correct and you get a bigger refund.

Conclusion

This $1,702 payment for 2025 is not just a cheque, but it is a symbol of the partnership between the Alaska government and its citizens. This amount provides relief in difficult times and some stability for the future to come.

If you’re an Alaska resident, don’t miss this opportunity. Apply on time, have the documents ready, and make this year’s winter a little easier.