$1702 Stimulus Check: The $1,702 stimulus check has garnered significant attention as part of Alaska’s 2024 Permanent Fund Dividend (PFD) program. This annual payout aims to share the state’s oil revenues with eligible residents. Here’s everything you need to know about the $1,702 payment, eligibility, and the disbursement schedule.
What Is the $1702 Stimulus Check?
The $1,702 check is the total amount distributed under the Alaska PFD program in 2024. It includes:
- Base Dividend: $1,403.83
- Energy Relief Payment: $298.17
This combined amount aims to support Alaska residents by distributing a portion of the state’s oil revenue.
Eligibility Criteria for the $1,702 Stimulus Check
To receive the Alaska PFD payment, residents must meet the following criteria:
- Residency Requirement: Must have been a resident of Alaska for the entire calendar year of 2023.
- Absence Rule: Should not have been absent from Alaska for more than 180 days, except for approved reasons (e.g., military service, education).
- Legal Compliance: Should not have been convicted of certain felonies or been incarcerated during the eligibility period.
- Timely Application: Must have submitted the PFD application between January 1 and March 31, 2024.
Payment Schedule for Alaska PFD 2024
The distribution of the $1,702 stimulus checks occurs in several batches. Key payment dates include:
- April 17, 2025
- May 15, 2025
- June 18, 2025
Eligible residents will receive payments via direct deposit or mailed checks, depending on the preferred option selected during the application process.
How to Check Your Payment Status
To verify your PFD payment status, visit the official Alaska Department of Revenue website at pfd.alaska.gov. Enter your application details to get the most accurate information regarding your payout.
Why Is the PFD Important?
The Alaska PFD is more than just a financial boost; it reflects the state’s commitment to sharing its natural resource wealth with residents. With inflation and rising living costs, this payout plays a crucial role in supporting families across Alaska.
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Common Questions about the $1702 Stimulus Check
Q1: Who is eligible for the $1,702 stimulus check?
Eligible applicants are Alaska residents who met the residency, absence, and legal compliance requirements during 2023.
Q2: When will I receive my $1,702 PFD payment?
Payments will be made in batches on April 17, May 15, and June 18, 2025.
Q3: How do I update my payment details?
You can update your banking information on the official PFD website before the disbursement dates.
As a finance news writer at sirfal.com, I specialize in breaking down complex economic trends, market updates, and investment strategies into clear, actionable insights. My mission is to empower readers with the knowledge needed to make informed financial decisions. Thank you for engaging with my articles; I hope they add value to your financial journey.