(WFRV) – As 2024 comes to a close, holiday expenses may leave many feeling financially strained, but some Wisconsinites might have unclaimed property waiting for them.
The Wisconsin Department of Revenue (DOR) annually cross-references tax records with the state’s unclaimed property roll. If a match is confirmed, the DOR automatically issues checks for amounts up to $2,000. For property valued over $2,000, the DOR sends a letter explaining how to claim it.
Wisconsin woman arrested after armed standoff during welfare check
Residents can verify if they have unclaimed property by visiting the DOR’s “Check Your Claim Status” page. Importantly, the DOR emphasizes there are no fees required to claim unclaimed property. Letters requesting payment for assistance in recovering property are likely scams.
Unclaimed property can include funds from savings or checking accounts, uncashed dividends, insurance policies, or other accounts that may have been overlooked or forgotten.
Two 18-year-olds hurt after truck crashes into a tree in Wisconsin
Financial institutions and businesses are required to report unclaimed property to the DOR annually by November 1. The DOR then safeguards the assets until rightful owners claim them.
For additional details, visit the DOR website.
