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

Stimulus Payment $1,702 Requirements: News for Alaskans! They are to receive a stimulus payment of $1,702 as the 2025 Permanent Fund Dividend (PFD). This amount is part of the funds received from the state’s oil and gas revenue, which is distributed to eligible territories each year. This payment is intended to provide assistance with essential expenses such as food, housing and medical care.

Details of the $1,702 payment

The Permanent Fund Dividend for 2024 is a total of $1,702, which includes:

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

Eligibility

If you want to arrange for eligibility for this payment, it is necessary to complete the following card:

• Residency Condition:
  • Must have been a resident of Alaska for the full calendar year preceding the date of application.
  • Must wish to live permanently in Alaska at the time of application.
  • Must have been an Alaskan for at least 72 years in Alaska in the last 24 months.
• Criminal record:
  • Not imprisoned for any serious crime in the last 12 months.
  • If convicted of more than two crimes after January 1, 1997, not in prison for any punishable crime (misdemeanor) in the last 12 months.

Payment plan

According to the Alaska government, applicants in eligible-unpaid (qualified-unpaid) status will have to pay on the following dates:

• Applicants who are in “eligible-unpaid” status by March 12, 2025 will be paid by March 20, 2025.
• Applicants who are in “eligible-unpaid” status by April 9, 2025 will be paid by April 17, 2025.
• Applicants who are 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 have a few days left to apply. The last date for application is March 31, 2025. To apply, you can apply on the PFD online portal pfd.alaska.gov or send the application by mail.

Exemptions in some special cases

There may be special exemptions to eligibility in some cases, such as:

• If there is a personal disqualification.
• If a deceased person is claiming benefits.
• If a military member falls under the Hostile Fire or Imminent Danger Pay (Hostile Fire or Imminent Danger Pay) during the application period.

In these special cases, it is necessary to contact the Alaska Revenue Department (Alaska Revenue Department) directly.

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

The main reasons behind issuing this payment are:

1. Relief from inflation:

• Inflation is constantly increasing in America. Food items, house rent, gas, and other essential items are becoming expensive. In such a situation, this amount will give relief to the general public.

2. Help in meeting household expenses:

• Many people are facing trouble in paying their electricity bills, rent, medical expenses or loans. This amount will help them meet these needs.

3. Spurring the economy:

• When the government gives money to the people, they spend it, which circulates money in the market and benefits the business.

Who can get the $1,702 stimulus payment?

Some special eligibility has been set for this payment. Let’s see who can avail the benefits of this scheme:

1. Income Limit:

• If your annual income is less than $75,000, you will get this payment as a full amount.
• If your income is more than $75,000 and less than $99,000, you will get a partial payment.
• Those earning 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 will be eligible for this payment.
• Foreign nationals, temporary work visa holders, and undocumented immigrants will not get this benefit.

3. Tax Filing:

• You must file your 2024 Tax Return on time.
• If your income was so low that you did not need to file taxes, you still need to register yourself using the IRS’s “Non-Filers Tool”.

Conclusion

The PFD pay of $1,702 by the Alaska government is an important financial assistance for the eligible place. If you have met the eligibility criteria, make sure to apply as soon as possible. The last date to apply is 31st March 2025, so apply on the PFD portal in time and avail this financial assistance.

FAQs On Stimulus Payment $1,702 Requirements