Are you looking for some extra cash? The IRS may still owe you money from, and the , which could be of great help. But your state may have unclaimed money for you that you may not be aware of – states may hold money or property that belongs to you. Fortunately, you have the right to claim free money from an uncashed check, stocks, bonds, or the contents of a safe.
Most states share information online. In fact, New York currently has $ 17 billion in unclaimed property. And on National Unclaimed Property Day (February 1), California declared $ 10.2 billion in unclaimed assets. You can have your unearned money in about three months to save money or buy yourself something good.
It only takes a few minutes for parents to check and claim their state money or items to have extra back-to-school money. We will show you how. To be on top of the money, first learn about the extensionor at the latest on and what it means to you. This story was recently updated.
How can I check if my state owes me money or assets?
To find out if a state has financial assets that you need to claim, the National Association of Unclaimed Property Managers provides links to official websites where you can search for unclaimed property by each state, District of Columbia, Guam , Puerto Rico and the US Virgin Islands.
1. Go to Unclaimed.org and choose Select your state or province, or tap or click your state on the map. You will be redirected to the state’s unclaimed properties page.
2. Then you may need to choose a link such as “Find Unclaimed Property” (California) or “Get Started” (Texas), or the search box may be on the first page you landed on (Utah) .
3. Now enter your information. The page may ask for your first and last name, the initial of the middle name, and your city. Your last name will likely be required, but you can try using or skipping the suggested fields to narrow or broaden the results.
You can search 39 states at a time using the Missing Money website, which is approved by NAUPA. However, 11 states are missing from the search engine: California, Connecticut, Delaware, Georgia, Hawaii, Kansas, Oregon, New Jersey, Pennsylvania, Washington and Wyoming. Its layout incorporates advertising in a way that can be confusing, so read carefully.
Another site, FindMyFunds, lets you search 25 states and the District of Columbia simultaneously, with direct links to official unclaimed property sites for states it doesn’t include in its results.
How do I claim money from my state?
If your search results show that a state has money or property you own, you can submit a claim to recover it. Each state treats complaints a little differently. Some will allow you to submit your application online, while others may require you to post documents in support of your application. Among the documents you may need to provide:
- A copy of your photo ID
- A copy of your social security card or your individual tax identification number
- Checking your current address
- Documents relating to the type of ownership, such as bank statements, cashier’s check, or stock certificate
Note that a State can auction certain financial assets. For example, Florida holds auctions for the contents of abandoned safes. After the auction, owners can still claim the item’s value.
What types of unclaimed property can my state hold?
States may hold a range of your items that you can claim, including: forgotten savings or checking bank account, dividend, stocks, bonds, credit balance, cash refund or settlement, deposit collateral, an uncashed cashier’s check, money order, insurance benefits, wages or the contents of an abandoned safe (including jewelry or coins).
How long does it take to process a complaint?
Don’t expect the request to be processed quickly. The New York State Comptroller’s Office said it could take 90 days to process a claim. The Florida Department of Financial Services also said it expects 90 days for its unclaimed property division to process a claim. The California State Comptroller’s Office said it could take up to 180 days to return the property.
Can states keep unclaimed property or money?
A business or government office is generally required by state law to attempt to contact the rightful owner of the money or property it holds. When they are unable to locate the rightful owner after a certain period of time, they are required to send the unclaimed item to a state-run unclaimed property office. Some states may say that the property has been “escheated,” meaning that the item has been transferred to the state. The state office will keep these items until their owner claims them.
In most states in the United States, finding out if you have unclaimed property is free and easy. The claim is also free, but may take a little more work, depending on the documents you need to collect and then send to the state to prove that you are the rightful owner.
When is the deadline to claim my money?
Most states, including Florida, Illinois, New York, and Texas, don’t have a deadline for claiming your money or property. However, for some items, such as jewelry, coins and stamps or the contents of a safe, states can auction the property and then keep the product for the rightful owner to claim. Check with your state to find out if you have a deadline to claim your property and if the state will auction the items after a period of time.
What type of property can I claim?
While many states will hold financial assets ranging from mineral rights to the contents of a safe, some will not accept other types of property, including real estate, cars, and unused gift certificates. Check with your state to see what types of property you can claim.
Will my unpaid public debt affect my claimed money?
Depending on the state, if you have an unpaid debt to your state or local government, your payment may be redirected to pay off that debt. California, for example, allows its Franchise Tax Board to intercept unclaimed real estate funds – as well as state lottery money and tax refunds – to cover debts you owe to a state, county or municipal agency.
How do I claim money on behalf of a deceased family member?
States also allow you to claim the property of a deceased relative, and the rules for submitting a claim differ from state to state. Typically, in addition to providing documents to verify your own identity, you may be required to submit a death certificate, the deceased’s will, and documents showing your relationship to the deceased and your right to claim ownership.