$1,702 Stimulus Checks Are Going Out—But are you eligible for it? Check Now!

These days, news is going viral on social media and the Internet, in which it is being claimed that millions of people in America will soon get a new stimulus check of $1,702 from the government. Many websites and viral posts are saying, “The IRS has confirmed—the new $1,702 Stimulus Checks is ready and millions of people can get it in the coming days.” Reading this news raises hopes, especially for those who are struggling with inflation and economic pressure.

But the “but” behind this news may dash your hopes. The truth is that this payment is only for people living in a particular state of America, Alaska. If you live in any other state, then this news is not for you.

The news of the $1,702 stimulus check is going viral—but this truth is not for everyone.

These days, as soon as there is talk of any financial help, people are filled with hope. The stimulus checks sent by the US government during the pandemic have refreshed people’s memories. But the $1,702 being talked about this time is not a new federal stimulus package. It is part of an old scheme related to Alaska’s Permanent Fund (PFD), which has now reached the payment stage.

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Although headlines and video thumbnails are trying to call it a stimulus check from the IRS or the federal government, the truth is that this money is being given to the citizens of Alaska under the income from oil and gas. That is, if you are not a resident of Alaska, it would be better not to expect this check.

What is the Alaska Permanent Fund? Why do you get this money?

The Alaska Permanent Fund (Permanent Fund Dividend) was established in 1982. Its purpose was to give a part of the income from oil, minerals and natural resources found in the state directly to the citizens there. It was considered a part of the citizens because the natural wealth of the state is for everyone.

This fund is invested in the stock market and other investment instruments and is paid to the citizens every year based on its performance. This payment was fixed at $1,702 for 2024, which is now being given in 2025 to those citizens whose application status is in “eligible-not paid.”

According to a report, this fund currently has assets of $81.45 billion. Since this fund started, the citizens of Alaska have received an average of $1,299 per year. That is, if there are four members in a family, they have received an amount of up to $4,916 annually.

What is the full schedule of payment in 2025?

According to the Alaska Department of Revenue, those who applied for funds in 2024 or earlier and whose status is “eligible-not paid” will be paid between August and October 2025. The following are the scheduled payment dates:

• Applicants who are “eligible-not paid” as of August 13, 2025, will receive payments on August 21, 2025.
• Those who are in their status as of September 3, 2025, will be paid on September 11, 2025.
• Citizens who are in their status as of September 18, 2025, will receive the money on October 2, 2025.
• And finally, those who are “eligible-not paid” as of October 13, 2025, will be paid on October 23, 2025.

It is worth noting that this money is based on 2024 earnings, and this is not a new stimulus check, as rumors are saying.

How much will the next payment be in 2026? Expectations are low.

If you are thinking that there will be a similarly large payment in 2026, then you may be disappointed. The Alaska Legislature recently approved an amount of only $1,000, which shows that there has been a decline in the earnings from oil and gas. That is, the fund that is being received in 2025 based on the earnings of 2024 may not be so big in the future.

It also makes sense that this payment varies from year to year, and it depends entirely on the performance of oil and mineral revenue and investment of that year.

Who is eligible for this payment? Know the full eligibility conditions.

Not every American will get this money, but only those people are eligible who:

1. Have lived in Alaska for the entire calendar year 2024.
2. They have spent at least 72 consecutive hours in Alaska in 2023 or 2024.
3. They have not claimed citizenship or residency of any other state or country.
4. Should not have been convicted of any serious crime (felony) in 2024, nor be in prison for any other crime based on a previous crime.

This rule ensures that only permanent and genuine Alaska residents can take advantage of this fund. More than 600,000 Alaska residents are considered eligible for this payment in the year 2025—including children, provided they have met the eligibility conditions of the state.

So is this like ‘IRS stimulus’? No, not at all.

It is very important that common people avoid rumors going on social media. This is not a stimulus check from the IRS, nor is it part of any new federal relief package. It’s a special benefit plan run by the state government for years that only applies to the state of Alaska.

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If you live in another US state—like California, Texas, New York or Florida—this money is not for you. Even if you once started living in Alaska but are no longer there in 2024, you will not be entitled to these funds.

Conclusion: The $1,702 news is true, but maybe not for you.

Rumors spread fast on social media these days, and many of them are incomplete or misleading. The news of the $1,702 stimulus check is one such rumor that some people are sharing without knowing the full truth. The truth is that this payment is being given only to eligible citizens of the state of Alaska, and it has no direct connection with the federal government or the IRS.

If you are not a resident of Alaska, this check is not for you. Yes, if you live there, are eligible, and have applied, then this is definitely good news for you. All other Americans should consider this news only as a state-specific benefit and avoid any fraud or disappointment.

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