Alaska residents to receive $1,702 stimulus checks soon

Alaska is set to distribute $1,702 payments to eligible residents as part of the Permanent Fund Dividend program. Payments will be sent on March 20 to those who applied between February 12 and March 12. To qualify, applicants must have lived in Alaska throughout 2024 and meet other residency criteria. The application period runs until March 31, and residents can track their application status online. This program differs from pandemic stimulus checks, as it is funded by Alaska's oil revenues through the Alaska Permanent Fund. Meanwhile, average tax refunds for Americans have decreased to about $2,065 this year.