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Friday, January 10, 2025

Unclaimed Money Owed to Illinois Residents

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State Representative Wayne Rosenthal (IL) | Representative Wayne A Rosenthal (R) 108th District

State Representative Wayne Rosenthal (IL) | Representative Wayne A Rosenthal (R) 108th District

Illinois residents have the opportunity to claim over $5 billion in unclaimed funds being held by the State Treasurer. According to reports, the State Treasurer is safeguarding these funds until they are rightfully claimed by their original owners or heirs. The process of reclaiming the lost property is straightforward and free of charge, requiring only the appropriate identification.

For individuals interested in checking if they are owed any unclaimed money, they can visit the official website at https://icash.illinoistreasurer.gov/.

In other news, Volunteer Emergency Workers in Illinois are being reminded of a $500 tax credit available to them. The tax credit, aimed at recognizing the crucial role of first responders in ensuring community safety, was approved by the General Assembly. Volunteer Emergency Workers can benefit from this $500 non-refundable credit to reduce their income tax liability. The credit is applicable from January 1, 2023, onwards up to January 1, 2028.

Those eligible for the Volunteer Emergency Worker tax credit are encouraged to find out more information by visiting https://reprosenthal.com/2024/02/16/volunteer-emergency-worker-500-tax-credit/.

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