In recent weeks, several social media posts have claimed that every American will receive a $1,702 stimulus payment in October 2025. While the news has attracted attention nationwide, the claim is misleading. The payment in question is not a new federal stimulus check but rather the Alaska Permanent Fund Dividend (PFD) — a program available only to residents of Alaska.
The confusion began after reports circulated that the government would issue a new stimulus check for $1,702. In reality, this amount represents the 2024 Alaska Permanent Fund Dividend, a yearly payment funded by the state’s oil revenue earnings.
Each year, Alaska determines the amount based on the performance of its oil fund and state revenue decisions. For 2024, the approved amount was $1,702, leading many to believe it was another round of federal stimulus payments similar to those issued during the pandemic.
Who Can Receive the $1,702 Payment?
The Alaska Permanent Fund Dividend is only available to individuals who are legal residents of Alaska and meet specific conditions. To qualify, applicants must:
- Be an Alaska resident for the full calendar year before applying.
- Have spent no more than 180 days outside the state, unless for valid reasons such as education, military service, or medical treatment.
- Submit a valid PFD application within the official filing period.
- Have no disqualifying criminal convictions or civil penalties under Alaska law.
- Keep their direct deposit information updated to ensure smooth payment delivery.
Approved recipients will receive their $1,702 payment in October 2025, either through direct deposit or paper check, depending on their chosen payment method.
Who Is Not Eligible for the $1,702 Payment?
Despite the viral claims, most Americans will not receive this payment. The following groups are not eligible:
- Residents of other U.S. states outside Alaska.
- Individuals who failed to maintain continuous residence in Alaska.
- Those who did not file their PFD application on time.
- Individuals with disqualifying criminal or civil records under Alaska law.
This means the $1,702 payment is not a national stimulus check, but a state-funded benefit designed exclusively for Alaskans.
The $1,702 payment in October is not part of any federal relief or stimulus program. It is the 2024 Alaska Permanent Fund Dividend, available only to qualified residents of Alaska. Anyone living outside the state should not expect to receive this check.
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