Recently, rumors of a $1,702 direct deposit payment for Social Security, SSI, SSDI, and VA beneficiaries in November 2025 have been circulating widely. Many are eager to know if this payment is real, especially in light of financial strain caused by inflation. However, it’s crucial to clarify that this payment is not a federal stimulus check and is not part of any approved national legislation.
But this is about the Alaska Permanent Fund Dividend and not a universal federal stimulus check for all Americans. For seniors specifically, some states offer property tax relief payments or other state-level benefits during this period, but the $1,702 figure is associated with Alaska’s PFD program. Every year, the state government provides this fund to the eligible residents. This is important to note that only permanents residents get this amount.
Contents
IRS $1702 Stimulus Check – Overview
| Program Name | Alaska Permanent Fund Dividend |
| Country | United States |
| Department | Alaska Department of Revenue |
| Eligibility | Permanent Residents of Alaska |
| Amount | $1702 |
| Payment Frequency | Annually |
| How to Check Status? | Browse MyPFD Account |
| Official Website | pfd.alaska.gov |
The Alaska Permanent Fund Dividend (PFD)
The $1,702 payment is often mistakenly tied to a federal stimulus but actually refers to Alaska’s Permanent Fund Dividend (PFD). This is a state-level program that distributes dividends to eligible residents from Alaska’s oil and mineral revenue profits.
- In 2024, Alaska residents received $1,702 as part of this dividend program.
- For 2025, however, the PFD amount has been reduced to $1,000.
It’s important to note that this payment is exclusive to Alaska residents and is not a nationwide federal stimulus check.
“In early October, almost 600,000 Alaskans who qualify will start getting their dividend. The amount of this year’s PFD was determined by the Alaska Legislature in House Bill 53. Alaskans are encouraged to use the state’s website, MyPFD, to check the status of their PFD application.”- Aimee Bushnell, Media Contact ADoR
Who Qualifies for the 2025 Alaska Permanent Fund Dividend?
To qualify for the 2025 PFD, individuals must meet specific eligibility requirements, which include:
- Residency: Must be a resident of Alaska for the full 2024 calendar year and intend to remain an Alaska resident indefinitely at the time of the application.
- Absence Limits: Absences from Alaska must not exceed 180 days unless the absence is an allowable exception.
- Criminal Record: Applicants cannot have been convicted of a felony or incarcerated during 2024.
- Application Period: Applications must be submitted between January 1 and March 31, 2025.
- Eligibility Criteria: Must meet other criteria outlined by the Alaska Department of Revenue.
Payment Dates for the 2025 Alaska PFD
The 2025 PFD payment schedule is as follows:
- October 2, 2025: For those who applied online and chose direct deposit. Payments will also be issued to those who were eligible but not yet paid by September 18, 2025.
- October 23, 2025: For applicants who filed paper applications or selected a paper check.
- November 20, 2025: For the final batch of payments, which will be issued to those who were eligible by November 12.
How to Check Your PFD Status?
To check the status of your PFD application and payment, follow these steps:
- Visit the official PFD website
- Log in to your myPFD account. If you don’t have an account, you can create one on the site.
- Once logged in, you can view the status of your PFD application, check payment details, and see any updates on your payment.
“Our intention is to oversee the permanent fund dividend program while ensuring that all qualified Alaskans receive their dividends on schedule, that fraud is dealt with, and that all internal and external stakeholders are respected.”- Genevieve Wojtusik, Division Director of the PFD Division, ADoR
How PFD Supports Alaskans?
- It supports Alaskans by providing an annual cash payment drawn from the state’s oil and mineral revenues, shared equally among eligible residents.
- This direct financial support helps many families and individuals cover everyday expenses, such as heating, groceries, and education costs, particularly in rural areas with high living expenses.
- The PFD has been shown to reduce poverty and income inequality in Alaska, acting as a form of universal basic income that fosters economic stability and social equity.
- By injecting hundreds of millions of dollars annually into the local economy, the PFD also stimulates small businesses and job creation.
- It promotes a sense of shared ownership of Alaska’s natural resources and broad public support as a social and economic cornerstone.
- Its consistent payments encourage fiscal responsibility and provide a buffer against economic fluctuations, strengthening the overall well-being and quality of life for Alaskans.
Key Takeaways
- The $1,702 payment refers to Alaska’s 2024 Permanent Fund Dividend (PFD), not a nationwide federal stimulus check.
- The 2025 PFD amount has been reduced to $1,000 and will be distributed to eligible Alaska residents.
- No federal stimulus check of $1,702 is being issued in November 2025.
- The Alaska PFD is only for residents of Alaska, and it is not related to Social Security, SSDI, or VA payments.
Why it Matters?
The claim of a $1,702 stimulus payment for everyone has been authorized or issued for all Americans in 2025. The $1,702 stimulus payment often mentioned for October 2025 refers to Alaska’s Permanent Fund Dividend (PFD), which distributes part of the state’s oil and mineral revenues to eligible Alaska residents. In 2025, the PFD amount is actually set at $1,000, a reduction from $1,702 in 2024. This is a state program exclusive to Alaska and not a federal stimulus payment for all Americans. The fund supports the financial state of the citizens effectively.
FAQs
When will the 2025 PFD payments be made?
Payments start October 2, 2025 for direct deposit applicants, and October 23, 2025 for paper check recipients.
How do I apply for the PFD?
Applications must be submitted online via pfd.alaska.gov or by mail during the January 1 to March 31, 2025 period.
Is the PFD taxable?
The PFD is considered taxable income by the IRS and must be reported on your federal tax return.
Where can I check my PFD application status?
You can check your status by logging into the myPFD section of the official PFD website.
What happens if I miss the application deadline?
If you miss the March 31, 2025 deadline, you won’t receive the 2025 PFD but can apply in future years.