Many Americans are getting some financial help again. A new round of stimulus checks is being sent out to 600,000 people in the United States. Each person who qualifies will receive $1,702. This money is part of a special program meant to help people who need extra support. In this article, we will explain who is getting this money, why they are getting it, and how you can check if you qualify. The aim is to keep things simple and easy to understand.
What Are Stimulus Checks?
Stimulus checks are payments from the government given to people to help them with money problems. These payments started during COVID-19, when many people lost their jobs or earned less money. The government gave out money to help pay for food, rent, and other basic needs. Now, some people are getting new checks again.
Why Are These $1,702 Checks Being Given?
The $1,702 payments are part of the Permanent Fund Dividend (PFD) in Alaska. This money comes from the state’s oil profits. Every year, Alaska shares some of its oil money with people who live in the state for a full year. This year, the dividend amount is $1,702. It is not the same as the COVID-19 stimulus checks. It’s a state-level program, not a federal one.
Who Can Get This Money?
Only people who live in Alaska and meet certain rules can get this payment. Here are the main requirements:
- Must be a full-year resident of Alaska in 2023
- Must plan to stay in Alaska forever
- Cannot be claimed as a dependent on someone else’s tax return
- Must not have been convicted of a serious crime
- Must apply for the payment during the correct time
People who meet all these rules will get the $1,702 check if their application is approved.
When Will People Get the Money?
According to the Alaska Department of Revenue, the checks will be sent out on June 20, 2025. The people who are approved will either get the money directly into their bank account or as a mailed check, depending on how they applied.
| Topic | Details |
|---|---|
| Amount | $1,702 |
| Recipients | 600,000 residents of Alaska |
| Program Name | Permanent Fund Dividend (PFD) |
| Eligibility | Lived in Alaska full year, not dependent, no crimes |
| Payment Date | June 20, 2025 |
| Where to Apply/Check | Alaska Department of Revenue website |
| How It’s Sent | Direct deposit or mailed check |
How to Check If You Qualify
To know if you qualify, you can visit the Alaska Department of Revenue’s PFD website. You need to enter your details and see your application status. If you are eligible, your name will appear on the payment list for June 2025.
What Should You Do With the Money?
If you are one of the lucky people getting this payment, it is a good idea to use the money wisely. Some people might use it for:
- Paying bills
- Buying groceries
- Saving for emergencies
- Paying off debts
It’s always smart to make a plan for how to use extra money.
The $1,702 stimulus payment is great news for 600,000 Alaskans. It shows how state-level programs can help people manage their finances, especially in times of need. If you live in Alaska and meet the rules, this money can really help you. Make sure you check your eligibility and use the money carefully to make the most of it. Staying informed helps you get the support you deserve.
Who is eligible for the $1,702 stimulus check?
Only full-time Alaska residents who meet specific rules can qualify.
What is the PFD in Alaska?
The Permanent Fund Dividend is money given yearly from Alaska’s oil profits.
When will the $1,702 payments be sent?
The payments are scheduled for June 20, 2025.
How can I check my eligibility?
You can visit the Alaska Department of Revenue’s PFD website to check.
Is this the same as the COVID-19 stimulus?
No, this is a state-level payment, not related to federal COVID relief.
