The much-talked-about $1,702 stimulus payment has captured national attention, with many referring to it as a financial lifeline arriving in October 2025. While often described as a “stimulus check,” this payment actually refers to the Alaska Permanent Fund Dividend (PFD) — an annual payout to eligible residents drawn from the state’s oil and resource revenues. For 2024, the PFD amount was set at $1,702 per person, sparking interest across the country and raising questions about who qualifies, when payments will be sent, and how the full schedule unfolds. In this guide, we break down everything you need to know about the October 2025 disbursement schedule, eligibility rules, and key details to help recipients understand what to expect.
$1,702 Payment in October 2025 — Full Schedule & Details
What Is This Payment?
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The $1,702 amount being discussed corresponds to the Alaska Permanent Fund Dividend (PFD) payment for 2024.
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The PFD is a state-level program in Alaska that distributes earnings from the Alaska Permanent Fund to eligible residents each year.
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Often, media or blogs refer to it as a “stimulus,” but it is not a federal stimulus program — it is a dividend from state resources.
Eligibility (As Commonly Stated in Claims)
To receive the $1,702 PFD (or equivalent dividend), most versions of the claim require these conditions:
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Alaska Residency
You must have been an Alaska resident during the full preceding calendar year and intend to remain an Alaska resident indefinitely.
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Physical Presence
You must have spent at least 72 consecutive hours in Alaska during the prior two years (2023 or 2024). -
Absences Rule
If you were absent from Alaska for more than 180 days, your absence must fall under qualifying reasons (e.g. medical treatment, education, military service). -
Criminal Record Restrictions
Major felony convictions or certain prior misdemeanors may disqualify you. -
Application Timing
You must submit an application during the designated window (usually early in the year) and provide required residency documentation. -
No Other State Residency Claims
You cannot claim residency or receive benefits from another state during the time frame in question.
Payment Schedule — October 2025 (Typical Claims)
According to the commonly circulated schedule:
| Payment Date | Who Gets Paid | Method |
|---|---|---|
| October 2, 2025 | Applicants whose status was “Eligible-Not Paid” by September 18, and who filed online with direct deposit | Direct deposit |
| October 23, 2025 | Applicants still “Eligible-Not Paid” as of October 13, who filed by paper or chose check | Mailed paper checks |
| November 20, 2025 | Applicants still “Eligible-Not Paid” by November 12 | Direct deposit or check, depending on method chosen |
| Later Monthly Payments | For applications entering “Eligible-Not Paid” status after those cutoff dates | Payment in subsequent months |
This schedule corresponds with how Alaska’s PFD division typically stages disbursements.
For example, the first distribution in October is reserved for those who filed early, chose direct deposit, and already have the status “Eligible-Not Paid.” Later ones cover paper filers, check recipients, or newly eligible claims.
Tax Treatment & Reporting
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For U.S. federal taxes, the entire dividend (including any bonus portion) must be reported as taxable income.
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Alaska itself does not have a state income tax on the PFD.
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The IRS clarifies that the full $1,702 (including an energy-relief bonus portion) must be included in taxable income for 2024.
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Typically, recipients receive a 1099 form indicating the amount to be reported.
What If You Miss the Deadline?
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If you fail to file your application in the designated window (e.g. by March/April of the year), you might lose eligibility for that year’s dividend.
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Some jurisdictions allow late filings in special circumstances (military deployment, serious illness), but these are exceptions.
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You would likely have to wait until the next cycle to reapply.
Frequently Asked Questions (FAQ)
Q1. Is this $1,702 a federal stimulus?
No. It is a state-level dividend in Alaska (the PFD). It is not part of a federal stimulus program.
Q2. Why $1,702 exactly?
That is the amount assigned for the 2024 PFD payment: a base amount plus an additional bonus (often framed as an “energy relief” bonus).
Q3. I live outside Alaska. Can I get this?
No — eligibility is limited to Alaska residents meeting the residency and presence rules.
Q4. Does every applicant get paid on October 2?
No. Only those who filed online, chose direct deposit, and had status “Eligible-Not Paid” by the cutoff date (e.g. Sept 18) get paid on October 2. Others wait for later rounds.
Q5. What if my bank account changed after I applied?
You typically must update your banking or address information before the final deadline (often late summer). After disbursement begins, changes might not be honored for that cycle.