Track Down Extra Money From the Government
States hold billions of dollars of unclaimed property, and the IRS is sitting on millions in undeliverable refund checks. Some might belong to you.
How can I find out if my state has any money for me in its unclaimed property database?
It's easy to see if your state holds any unclaimed property for you, and it's a good idea to check -- especially if you've moved over the past few years. States receive about $3 billion in unclaimed property every year -- primarily uncashed paychecks and dividend checks, unclaimed state-tax refunds, uncollected insurance benefits and returned utility deposits. Find your state's unclaimed property database through the National Association of Unclaimed Property Administrators Web site or check 40 states' databases through MissingMoney.com.
The searches are free and quick. Just type your name and state in the search section of MissingMoney.com, and you'll immediately see a list of unclaimed property held in your name (or a similar name) in several states, listed by last known address, source of the money, and whether the amount is more than $100, less than $100 or unknown.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
If it looks like any of that money is yours, fill out an online form with some more information about yourself. Then you'll hear back from the state unclaimed property office, which will ask for some documentation as proof of your right to the claim.
While you're hunting for unclaimed cash, see if the federal government owes you money, too. Millions of dollars in tax-refund checks are returned to the IRS every year because they were sent to incorrect addresses. Check on your tax refunds using the IRS's Where's My Refund? tool. You'll need to enter your Social Security number, filing status and exact refund amount shown on your return.
To check on the status of your rebate check, use the Where's My Stimulus Payment? tool.
And you can check on forgotten or returned savings bonds. More than $9 billion worth of matured savings bonds have never been cashed. Most savings bonds stop accruing interest after 30 years, so you might as well cash them. You can see if you have any bonds that have stopped earning interest by using the Treasury Department's Treasury Hunt. The tool can also show you if the government has any savings bonds in your name that have been returned to the Treasury Department. More than 15,000 savings bonds are returned as undeliverable each year.
To continue reading this article
please register for free
This is different from signing in to your print subscription
Why am I seeing this? Find out more here
As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.
-
Stock Market Today: Stocks Soar on Apple Buyback News, Jobs Data
The main indexes rallied hard to end the week thanks to Apple's $110 billion stock repurchase plan and a big April payrolls miss.
By Karee Venema Published
-
Three 'Hidden Costs' of Health Savings Accounts (HSAs)
Health Savings HSAs offer valuable tax benefits, but can 'hidden costs' erode those advantages?
By Kelley R. Taylor Last updated
-
7 Things Medicare Doesn’t Cover
Healthy Living on a Budget Medicare Part A and Part B leave some pretty significant gaps in your health-care coverage. But Medicare Advantage has problems, too.
By Donna LeValley Last updated
-
10 Things You Need to Know About Retiring to Florida
Making Your Money Last If Florida is part of your retirement plan, we offer up a few tips to help you find your way.
By Bob Niedt Last updated
-
The Best Bank for You, 2023
Making Your Money Last Kiplinger's list of the best candidates for your next financial institution based on interest rates, fees and other features.
By Lisa Gerstner Published
-
Protect Your Retirement Income from Inflation
Making Your Money Last Costs are rising, and the market is bearish, but that doesn’t have to jeopardize your long-term security.
By Sandra Block Published
-
What to Know About CD Ladders, A Flexible Way to Save
Savings One way to keep your earnings on track is to spread out your cash.
By Rivan V. Stinson Last updated
-
Retirees, Take the Off Ramp to a New Career
Making Your Money Last For many seniors, changing careers can be a long and daunting process. But the rewards can be rich.
By Alina Tugend Published
-
Alternatives to Amazon Prime for Free Shipping and More
Amazon Prime You don’t need to pay Amazon Prime’s juiced $139 annual fee to find a wide swath of products online at different retailers.
By Bob Niedt Published
-
Time to Reshop Your Home and Auto Insurance
Making Your Money Last Comparing prices on policies and bundling your coverage may save you money.
By Rivan V. Stinson Published