Kentucky’s Unclaimed Property Returns & IRS Urges Tax Refund Claims!

Kentucky State Treasurer’s Office Returns Millions in Unclaimed Property, Including Paychecks and Life Insurance Policies

Kentucky Law Requires Companies to Notify Owners of Unclaimed Money: How to Claim Your Funds

According to FOX56News, Kentucky’s state treasurer‘s office is working hard to give back millions of dollars from the unclaimed property fund to people in Kentucky. This fund has almost $800 million in total including things like paychecks safety deposit boxes and old life insurance policies. If you find something that belongs to you you can claim it for free through the Office of the State Treasurer. They’ll check everything you give them to make sure it’s yours.

Kentucky law mandates that companies must send notification letters to individuals who may have unclaimed money, providing them with a 60-day window to claim it. If the money remains unclaimed after this period, it is transferred to the Kentucky State Treasury Unclaimed Property Division. Residents can search for their unclaimed property either on Kentucky’s official website or through a national database like missingmoney.com. If you receive a letter regarding unclaimed funds from a company, it’s advisable to reach out to them directly for assistance.

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Kentucky’s Unclaimed Property Returns & IRS Urges Tax Refund Claims! (KTLA)

IRS Urges Americans to Claim Unclaimed Tax Refunds Before May 17 Deadline

The IRS which collects taxes in the U.S., says there’s a lot of unclaimed money in tax refunds across the country. Nearly a million people have until May 17 to claim their 2020 tax refunds adding up to more than $1 billion. In Kentucky around 10,600 people are at risk of missing out on an average refund of $920 each which adds up to over $11 million. To get your refund make sure you have all the documents you need and use the IRS’s online tools to file your taxes on time.

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