DOVER, DE — The Delaware Office of Unclaimed Property announced a significant milestone last week, returning more than $364,000 to approximately 2,700 Delaware taxpayers through its annual MONEY MATCH program. This initiative, designed to simplify the process of reclaiming unclaimed property, matches state-held property records with residents’ most recent personal income tax returns, allowing eligible taxpayers to receive their funds without filing a claim.
Brenda R. Mayrack, State Escheator and Director of the Delaware Office of Unclaimed Property, expressed the program’s significance: “MONEY MATCH demonstrates how state government is using technology, not only to operate more efficiently, but to return money directly to thousands of Delaware taxpayers without requiring any action on their part – except to cash the check.”
This year marks the fifth iteration of the MONEY MATCH program, traditionally launched each September. Since its inception, the program has been successful in returning over $5 million to more than 40,000 Delaware residents. The initiative highlights the state’s commitment to utilizing innovative approaches to reconnect residents with their unclaimed assets.
In addition to the MONEY MATCH program, the Delaware Office of Unclaimed Property has launched several other key initiatives. In June 2024, it returned over $90,000 to Delaware’s Public and Charter School Districts. Furthermore, in July 2023, the program expanded to include Delaware’s volunteer fire companies, redistributing over $150,000 without the need for claims or paperwork.
Delaware’s efforts align with broader national trends, as seen in its participation in National Unclaimed Property Day and the multi-state search platform, MissingMoney.com, which facilitates the search for unclaimed assets nationwide.
Unclaimed property often includes forgotten bank accounts, uncashed checks, and unused gift card balances. Businesses must surrender these assets to the state after a period of inactivity. The Delaware Office of Unclaimed Property continues to play a vital role in ensuring residents reclaim what is rightfully theirs, showcasing the state’s proactive approach in supporting its citizens.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.