Delaware News

MONEY MATCH Program reunites over $460,000 to Delaware Taxpayers

Department of Finance | Date Posted: Monday, September 12, 2022


Delaware State Seal

 Delaware’s Office of Unclaimed Property MONEY MATCH Program
reunites over $460,000 to Delaware Taxpayers

New, Sensible Approach Uses Technology to Identify Unclaimed Property Owners Based on Recent Tax Filings

Statewide, DE (September 12, 2022) – The State’s MONEY MATCH program automatically returns lost money to Delaware taxpayers without the usual need to file a claim or gather paperwork, Delaware State Escheator, Brenda Mayrack announced today. This year, in September 2022, Delaware will mail approximately 3,500 checks and return over $460,000 directly to Delaware taxpayers.

“We developed MONEY MATCH to make it as easy as possible for many Delaware taxpayers to get their missing money back,” said Brenda Mayrack. “In the current economic climate, we know many Delaware families benefit greatly when they can receive additional funds, especially if they can recover their unclaimed property automatically, based on their most recent state tax filing and without filing a claim.”

MONEY MATCH matches the state’s unclaimed property database with verified address and taxpayer information so that money can be returned it its rightful owners automatically and without requiring the filing of a claim and supporting documentation. In many cases, individuals might not be aware they were missing unclaimed property until the check arrives in the mail.

This is the third time Delaware has conducted the MONEY MATCH program. In February 2021, Delaware mailed checks to more than 19,000 people, returning over $3 million back to its rightful owners. In September 2021, Delaware mailed checks to over 6,500 additional people, returning over $900,000 back to its rightful owners. In total, the MONEY MATCH program has returned almost $4.4 million to almost 30,000 Delaware taxpayers.

More information about MONEY MATCH is available at unclaimedproperty.delaware.gov/app/claim/money-match. Unclaimed property can include money left in old bank accounts, uncashed paychecks, unused balances on gift certificates, unreturned utility deposits, uncollected insurance payments, and forgotten stocks and dividends. Businesses are required to turn over these amounts to States after a certain number of years if contact is lost between the holder of the property and the property owner.

While MONEY MATCH automatically reunites many Delaware taxpayers with their unclaimed property, all Delawareans are still encouraged to visit unclaimedproperty.delaware.gov to see if the State is holding their unclaimed property.

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MONEY MATCH Program reunites over $460,000 to Delaware Taxpayers

Department of Finance | Date Posted: Monday, September 12, 2022


Delaware State Seal

 Delaware’s Office of Unclaimed Property MONEY MATCH Program
reunites over $460,000 to Delaware Taxpayers

New, Sensible Approach Uses Technology to Identify Unclaimed Property Owners Based on Recent Tax Filings

Statewide, DE (September 12, 2022) – The State’s MONEY MATCH program automatically returns lost money to Delaware taxpayers without the usual need to file a claim or gather paperwork, Delaware State Escheator, Brenda Mayrack announced today. This year, in September 2022, Delaware will mail approximately 3,500 checks and return over $460,000 directly to Delaware taxpayers.

“We developed MONEY MATCH to make it as easy as possible for many Delaware taxpayers to get their missing money back,” said Brenda Mayrack. “In the current economic climate, we know many Delaware families benefit greatly when they can receive additional funds, especially if they can recover their unclaimed property automatically, based on their most recent state tax filing and without filing a claim.”

MONEY MATCH matches the state’s unclaimed property database with verified address and taxpayer information so that money can be returned it its rightful owners automatically and without requiring the filing of a claim and supporting documentation. In many cases, individuals might not be aware they were missing unclaimed property until the check arrives in the mail.

This is the third time Delaware has conducted the MONEY MATCH program. In February 2021, Delaware mailed checks to more than 19,000 people, returning over $3 million back to its rightful owners. In September 2021, Delaware mailed checks to over 6,500 additional people, returning over $900,000 back to its rightful owners. In total, the MONEY MATCH program has returned almost $4.4 million to almost 30,000 Delaware taxpayers.

More information about MONEY MATCH is available at unclaimedproperty.delaware.gov/app/claim/money-match. Unclaimed property can include money left in old bank accounts, uncashed paychecks, unused balances on gift certificates, unreturned utility deposits, uncollected insurance payments, and forgotten stocks and dividends. Businesses are required to turn over these amounts to States after a certain number of years if contact is lost between the holder of the property and the property owner.

While MONEY MATCH automatically reunites many Delaware taxpayers with their unclaimed property, all Delawareans are still encouraged to visit unclaimedproperty.delaware.gov to see if the State is holding their unclaimed property.

image_printPrint

Related Topics:  , , , , ,


Graphic that represents delaware news on a mobile phone

Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.

Here you can subscribe to future news updates.