Stimulus Payments of $300 to $1,700 Hitting Americans’ Bank Accounts Soon – Are You Eligible and Is It Taxable?

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Donald Trump

Millions of Americans are set to receive financial help in 2025 through new rounds of stimulus payments. These direct relief payments are part of federal and state-level efforts to help low and middle-income families manage rising costs caused by inflation. Stimulus amounts will vary depending on the program—ranging from $300 to over $1,700—with two of the most significant being a federal-level $1,390 check and Alaska’s $1,702 Permanent Fund Dividend (PFD).

Here’s everything you need to know about who qualifies, when payments arrive, and how to make sure you don’t miss out.

What

Stimulus payments are financial support distributed by the government to help Americans during tough economic times. These payments aim to ease the pressure from rising expenses such as food, energy, rent, and child care. In 2025, multiple stimulus efforts are in place—including Alaska’s PFD and a $1,390 federal stimulus package.

Federal Stimulus

The IRS will soon begin distributing a $1,390 federal stimulus payment to qualifying Americans. The payment is designed to help low and middle-income households dealing with rising prices.

Eligibility Requirements:

  • Single filers earning up to $75,000
  • Married couples earning up to $150,000
  • Head of household filers earning up to $112,500
  • Social Security, SSDI, and SSI recipients
  • VA and Railroad Retirement beneficiaries
  • Families with dependents may qualify for extra amounts

If you meet these criteria based on your 2024 tax return or benefit status, you’ll be included automatically—there’s no need to apply.

Payment Methods:

  • Direct Deposit: If the IRS or Social Security has your banking info
  • Paper Check: If direct deposit is not available
  • EIP Card: Some may receive their payment via prepaid debit card

Tax Impact:
The $1,390 stimulus is not taxable and won’t affect your income for tax filing or benefits like Medicaid, SNAP, or housing assistance.

Alaska Stimulus

Alaska’s Permanent Fund Dividend continues to support its residents by distributing a share of the state’s oil revenue. In 2025, this one-time annual payment totals $1,702—made up of $1,440 from the fund plus a $262 energy relief bonus.

Eligibility Requirements:

  • Must have lived in Alaska continuously throughout 2023
  • Cannot have claimed residency in another state or country
  • Must not have received benefits from another state
  • No felony convictions or incarcerations during 2023
  • Must not have been absent from Alaska for more than 180 days in 2023
  • Must have applied before the March 31, 2024 deadline

Payment Dates:

Application Status byPayment Date
July 9, 2025July 17, 2025
August 13, 2025August 21, 2025

Residents can check their PFD application status on the official myPFD portal to ensure all information is accurate and current.

How to Check Your Eligibility

To see if you qualify for the $1,390 federal stimulus:

  • Visit the IRS Get My Payment or Check Eligibility section on IRS.gov
  • If you recently filed taxes, your return info will be used to confirm eligibility
  • Social Security and SSI recipients who don’t file taxes will still be automatically included

For the Alaska PFD, log into myPFD on the state’s website to view your application status and update your address if necessary.

Here’s a quick look at both major payments:

ProgramAmountKey RequirementPayment Method
Federal Stimulus$1,390Income and benefit statusDirect deposit, check, EIP card
Alaska PFD$1,702Alaska residency and prior-year presenceDirect deposit or mailed check

Both payments are tax-free and won’t impact other benefit programs. They’re intended to help Americans cover the basics during financially challenging times.

FAQs

When will the $1,390 stimulus be paid?

No official date, but payments are expected in 2025.

Who qualifies for the Alaska PFD?

Residents who lived in Alaska all of 2023 and meet other criteria.

Is the stimulus payment taxable?

No, the $1,390 and PFD are both tax-free.

How do I check my stimulus payment status?

Use the IRS or myPFD website to check your eligibility.

Can I get both payments?

Yes, if you’re an eligible Alaskan and also meet federal stimulus criteria.

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