Cash Unclaimed Media Room

Just reported today, there are over 100 people in Northern New York alone who are owed unclaimed IRS money. The average refund amount for these 100 people is $812. Statewide, New York has over 7,002 people who are owed unclaimed IRS refunds.

The IRS has made a list for New York residents available online to view. Its that easy to search for your unclaimed tax refund money!

Most of these refunds have not been received due to incorrect or unknown mailing addresses. If you think you are one of the 7,000 New York residents who is owed unclaimed IRS money, log on to https://www.cashunclaimed.com to search for your money!

Just announced today by Louisiana Insurance Commissioner, Jim Donelon, the state of Louisiana holds over $270 MILLION in unclaimed Louisiana insurance rebates. Just last week, Donelon issued notices to the owners of these rebates, in hopes they will turn up to claim their unclaimed money.

Legislators have passed a law that gives the owners a 4 year window to claim back their money. If it is not claimed in 4 years, that money will be turned over to the state, and used for a number of state initiatives.

Unclaimed money is a big issue in the small state of Connecticut. The state treasuries in Connecticut are their trying best with their implemented initiatives to slow down the alarming growth of state unclaimed money but the progress is still the topic of discussion. The initiatives led by the state include dedicated websites for citizens, annual public releases and public fairs to educate people about the Connecticut unclaimed money.

The Connecticut unclaimed money is kept under the safe custody of the state controller until the rightful owner is found. With application procedure made easier and a centralized website for information, Connecticut hopes for the problem of state unclaimed money and unclaimed property, to slow down a bit in coming times.

State governments are having a huge reserve of unclaimed public money, despite the efforts to bolster its economy in this era of one of the largest economic slump. Most of the states have expressed their conerns with this influx of unclaimed funds into their treasuries. The ratio of incoming funds to the funds which are being claimed is still very high. Millions of dollars of unaccounted money is held in state treasuries with no possible outlet in sight.

At the moment, more than $40 billion dollars of unclaimed money and assets are waiting to be returned to their rightful owners. Statistically, more than 30 million American are missing out on their hard earned money which is still lying with the state treasuries.

A Chicago local recently hit the jackpot with an unclaimed lottery ticket. A Chicago man, Irvin Przyborski, 61, a retired truck driver, came across an old lottery ticket worth $9 million, when looking through his tax records. Going through his tax documents, WBBM radio reports, Przyborski came across an old Illinois Lottery ticket from March of 2010. He had bought a number of tickets around that time, and went through most of them, finding no winners. One of them had apparently fallen into his tax file inadvertently. After he unearthed the missing numbers, he took them to his local corner store, only to discover that he was suddenly a millionaire.

Unclaimed money comes from many sources, and unclaimed child support is just the latest little pot of gold we’ve discovered at “Good Morning America” in our quest to “Show You the Money.”

Actually, unclaimed child support may be a big pot.

It’s hard to quantify because unclaimed child support is managed at the state level in some places and at the county level in others, but, by some accounts, there may be as much as $750 million out there, waiting for American children.

Tami Schwarz of Ohio got more than $31,821 in uncollected child support from her ex-husband.

You could too.

The current aggregate figure of $40 billion in unclaimed money across the nation will soon be history. The experts and economists are predicting that very soon we will be staring at a $100 billion figure of unclaimed money. This means that almost 90% of all U.S. families have somebody who has failed to reclaim their lost funds or assets. Whether it be a deceased relative, or a family member, unclaimed money exists in every family across the United States.

Recent reports from the Utah County Health Department substance abuse division states there has been a 2 percent increase in the total number of patients, who are seeking medication and treatment for drug addiction for more than five years. As per the reports, Utah unclaimed cash is piling up at an alarming rate and these can be used to curb the problem easily but there are chances that the rightful owners may not like the idea.

It has been the top priority for the decision makers in all the states to reduce the amount of unclaimed money. States like New York and California are the front-runners in the government unclaimed money balance. Some of the richest unclaimed fund treasuries in the U.S. are New York with $10.5 billion, California with almost $6 billion and Texas with $2 billion.

The influx of unclaimed money continues, and billions of unclaimed money is still being added to the state treasuries across the nation. Most of the state treasuries have reported that the major source of unclaimed funds and properties are abandoned bank accounts, unclaimed savings and checking accounts, child support payments, uncashed dividends, stocks, customer deposits or overpayments, certificates of deposit, credit balances, refunds, matured life insurance policies, uncashed death benefit checks, and the contents of safety deposit boxes.

Arkansas is dealing with the increasing problem of state unclaimed money and unclaimed property despite the repeated initiatives of the state agencies. As per the records of the state treasuries, total unclaimed money within the state was $128,000,000 dollars and 500000 individual records.

Despite all the initiatives organized by the state agencies of Arkansas, the piles of unclaimed property are still increasing at an alarming rate. Although the agencies managing these funds claim that about $9,200,000 dollars were returned to their rightful owners, still the pile is increasing at a rate much more than the reclaiming rate. Initiatives made by the state include publishing records annually that consist of list of people along with state unclaimed money under their name.