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

Stimulus Payment $1,702 Requirements: There is good news for the citizens of Alaska. A stimulus payment of $1,702 is going to be received in 2025 under the Permanent Fund Dividend (PFD). This payment is part of the amount received from the state’s oil and gas income, which is distributed to eligible residents every year. The purpose of this amount is to provide assistance to citizens in basic necessities like food, housing and medical care.

If you are a resident of Alaska and are eligible for this payment, then in this article you will get complete information about it, including eligibility conditions, payment plan and application process.

Details of the $1,702 Stimulus Payment

The Alaska government has set the Permanent Fund Dividend (PFD) for 2024 at $1,702, which consists of two parts:

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

This payment will be paid to residents who meet the eligibility conditions and submit an application by the deadline.

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Eligibility Conditions

If you want to apply for this payment, you must meet the following eligibility criteria:

1. Residency Conditions
   • You must be a resident of Alaska for one year immediately preceding the date of application.
   • At the time of application, you must express a desire to reside permanently in Alaska.
   • At least 72 days must have been spent in Alaska in the last 24 months.
     
2. Criminal Record Requirements
   • No felony conviction in the past 12 months.
   • If convicted of more than two felonies after January 1, 1997, no misdemeanor conviction in the past 12 months.

Payment Plan

According to the Alaska government, eligible applicants will be paid on the following dates based on their eligibility status:

• Those in “Eligible-Unpaid” status by March 12, 2025 will be paid by March 20, 2025.
• Those in “Eligible-Unpaid” status by April 9, 2025 will be paid by April 17, 2025.
• Those in “Eligible-Unpaid” status by May 7, 2025 will be paid by May 15, 2025.

You can still apply!

If you have not applied yet, you still have some time left. The last date for application is March 31, 2025. To apply, you can apply online on the official website of PFD at pfd.alaska.gov or submit your application through post.

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Exemption in some special cases

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

• In case of personal disqualification.
• If benefits are being claimed by the family of the deceased person.
• If a military member falls under the category of “Hostile Fire or Imminent Danger Pay”.

In such cases, it will be necessary to contact the Alaska Revenue Department directly.

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

1. Relief from inflation
   • Inflation is constantly increasing in America. Food, house rent, gas and other essential items are becoming expensive. In this situation, this payment will give financial relief to the people.
     
2. Help with household expenses
   • Many people are facing difficulties in paying electricity bills, rent, medical expenses or loans. This amount will help meet these essential expenses.
     
3. Boosting the economy
   • When the government provides funds to citizens, they spend it, which increases the flow of money in the market and benefits businesses.

Who can get the $1,702 stimulus payment?

1. Income limit
   • Those with an annual income of less than $75,000 will get this payment as a full amount.
   • Those with an income between $75,000 and $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 has been set at $150,000.
     
2. Citizenship
   • Only US citizens and permanent residents will be eligible for this payment.
   • Foreign nationals, temporary work visa holders and illegal immigrants will not be eligible for this benefit.
     
3. Tax filing is mandatory
   • You must file your 2024 tax return on time.
   • If your income was so low that filing taxes was not mandatory, you must still register through the IRS’s “Non-Filers Tool”.

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Conclusion

The Permanent Fund Dividend (PFD) of $1,702 by the Alaska government is an important financial aid for the financially weak. This amount will help meet rising inflation and household expenses. If you are eligible for this payment, apply as soon as possible. March 31, 2025 is the last date for application, so apply on time by visiting the PFD portal and avail this financial assistance.

FAQs On Stimulus Payment $1,702 Requirements