Alaskans: Nowadays a news is becoming increasingly viral on social media and the Internet. “The government is going to give a new stimulus check of $1,702, and millions of people can get it soon!” Hearing this creates a wave of hope in the hearts of the people, especially for those who are struggling amid rising inflation and economic pressure. But is this really for every American? The answer may surprise you.
What is the reality This amount is only for Alaska
As fast as this news is raising hopes in the people, many people’s hopes can also be shattered by knowing the truth. Actually, this amount of $1,702 is not part of any new federal stimulus package. This is the amount given under Alaska’s “Permanent Fund Dividend (PFD)”, which is part of the state’s income from oil and gas.
If you are not a resident of Alaska, then this benefit is not for you. Citizens of all other states should not expect this check.
Alaska Permanent Fund: People’s Share
The scheme was started in 1982 to transfer a portion of the state’s natural resources such as oil, minerals and gas to citizens directly. The amount is determined each year based on the income from investments. The amount was fixed at $1,702 for the year 2024, which is now being given to eligible citizens in 2025.
Payment schedule: Who will get the money and when
According to the Alaska Department of Revenue, citizens who applied in 2024 or before and fall into the “eligible-not paid” status will be paid between August and October 2025. The scheduled dates for payment are as follows—
- 21 August 2025
- 11 September 2025
- 2 October 2025
- 23 October 2025
Will we get such a large amount next year as well
The chances are low. The Alaska Legislature has approved only $1,000 for 2026, which clearly shows that oil and gas revenue has declined. So the amount you are getting in 2025 may be less in the coming years.
Who is eligible
This amount will be given only to those people who have lived in Alaska throughout 2024, have maintained permanent residence there, have not acquired citizenship of any other state or country, and have not been convicted of a serious crime in 2024. Even children can get this amount, provided they meet all the eligibility criteria.
This is not a stimulus from the IRS
It is important to avoid the rumors spreading on social media. This is not a federal IRS stimulus check, but a state-specific benefit plan, which applies only to Alaska. If you live in California, Texas, New York or any other state, then this benefit is not for you.[Related-Posts]
The news is true, but not for everyone
This $1,702 check is indeed being given, but it is only for permanent residents of Alaska. If you live there, are eligible and have applied, then this is good news for you. For others, this is just a state-specific scheme, so don’t have too many expectations from it.
Disclaimer: This article is written for information purposes only. The information given in it is based on official government sources and reports. Before making any financial decision or claim, please confirm with the official website and the department.
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