STIMULUS checks are going out, but they're remaining unclaimed — meaning billions of dollars in free money is out there.
More than 46,000 stimulus checks are uncashed or unclaimed in Michigan, according to one recent report from the area.
There are a number of reasons why this is so.
In some cases, checks were sent to deceased individuals. In others, checks were sent to people who no longer lived at the listed address.
But Michigan is not the only state with uncashed or unclaimed stimulus checks floating around.
Another report suggests that more than 1.25million total checks — with a collective value of $2.1billion — are still floating around unclaimed nationwide.
In Pennsylvania, more than 72,000 checks remain unclaimed.
Other states with a high percentage of unclaimed checks include Vermont, though Vermont has not released the exact number of unclaimed stimulus checks.
But there are other states who have low percentages of unclaimed stimulus checks.
Arizona, Texas, Utah, and California are the states with the least amount of unclaimed stimulus checks.
But even though California has a low amount of unclaimed stimulus checks, more than 123,000 of them remained unclaimed in the state.
So what do you do if your stimulus check remains unclaimed?
First, the IRS has created an online tool where you can check to see if, indeed, you qualify.
Then, submit your 2020 tax return to the IRS and requesting the unpaid amount on line 30 of your 1040 or 1040-SR tax form.
But beware: you only have until May 17, 2021 to do all this.
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