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

Stimulus Payment $1,702 Requirements: The Permanent Fund Dividend (PFD) of 2025 is a significant relief that the Alaskan government has announced for its citizens. Eligible citizens will get $1,702 in financial aid under this program. The financing from the state’s oil and gas revenue, which is disbursed annually to qualified people, includes this sum. This payment is intended to assist those in need of basic necessities such as food, housing, and healthcare.

Full details of the $1,702 payment

The total amount of Permanent Fund Dividend for 2025 has been fixed at $1,702, which consists of two parts:

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

This amount will be deposited directly into the bank accounts of eligible residents.

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Eligibility Conditions

Some important conditions must be met to be eligible for this stimulus payment:

1. Residence Status:
   • The applicant must be a resident of Alaska for the entire calendar year preceding the date of application.
   • The applicant must intend to reside in Alaska permanently at the time of application.
   • The applicant must have lived in Alaska for at least 72 months in the past 24 months.
2. Criminal Record:
   • Not have been in prison for a serious felony in the past 12 months.
   • If convicted of more than two felonies after January 1, 1997, must not have been in prison for a misdemeanor in the past 12 months.

Payment Date and Scheme

It has been announced by the Alaska Government that applicants whose status will be “eligible-unpaid” will be paid on the following dates:

• If you are “eligible-unpaid” by May 12, 2025, then the payment will be made on May 20, 2025.
• If you are “eligible-unpaid” by April 9, 2025, then the payment will be made on April 17, 2025.
• If you are “eligible-unpaid” by May 7, 2025, then the payment will be made on May 15, 2025.

Application Deadline

If you have not applied yet, then you still have a few days left. The application deadline is May 31, 2025. There are two ways to apply:

• Online Application: Apply by visiting the PFD portal pfd.alaska.gov.
• Application by Post: You can fill the offline form and send it by post.

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Exemption in some special cases

Eligibility rules may be waived in certain circumstances, such as:

• In case of personal disqualification.
• In case of a claim for a deceased person.
• For members of the military who fall under the Hostile Fire or Imminent Danger Pay category.

In such cases, applicants will have to contact the Alaska Revenue Department directly.

Reasons behind this stimulus payment of $1,702

1. Relief from inflation:
   • Inflation is increasing rapidly in America. Everyday things like food items, rent and gas are becoming expensive. This amount will give relief to the common people from this burden.
     
2. Help in household expenses:
   • People are facing difficulty in paying electricity bills, rent, medical expenses or loans. This payment will help in meeting these needs.
     
3. Boosting the economy:
   • When the government gives money to the people, people spend it, which circulates money in the market and benefits the business.

Who is eligible for this payment?

1. Income limit:
   • Those with an annual income less than $75,000 will be given the full amount.
   • Those with income ranging from $75,000 to $99,000 will get a partial payment.
   • Those with an income of more than $99,000 will not get this benefit.
   • For married couples, this limit is $150,000.
     
2. Citizenship:
   • Only US citizens and permanent residents are eligible.
   • Foreign nationals, temporary visa holders, and illegal immigrants are not eligible for this scheme.
     
3. Tax filing:
   • The applicant must file his tax return on time for the year 2024.
   • If your income was so low that it was not necessary to file taxes, you still have to register using the IRS’s “Non-Filers Tool”.

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Conclusion

The $1,702 Permanent Fund Dividend is an important financial aid provided by the Alaska government to help eligible citizens cope with inflation and essential expenses. If you meet all the eligibility criteria, be sure to apply before May 31, 2025. This is a great opportunity to gain financial stability—apply in time and take full advantage of this aid.

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