Louisiana Treasury returns nearly $70,000 in unclaimed property to flood victim

(Editor’s note: The following is a brief overview of the tax relief available to fl ood victims meeting certain criteria. Contact your tax preparation professional or visit www.irs.gov and, in the search field, enter ‘flooding in Louisiana’ to see the IRS publications with complete details on tax relief as well as publications on hardship distributions allowed from retirementplans and other pertinent information. Taxpayers may also request and receive free of charge copies of previously filed tax returns.)

The Louisiana Department of the Treasury located nearly $70,000 in unclaimed money for a victim of the August floods during a recent event at the Mall of Louisiana, according to State Treasurer John Kennedy.
In all, the Treasury returned approximately $176,000 to Louisianians who stopped by the event to search for Unclaimed Property.
“We held this event in Baton Rouge to make it easier for flood victims to search for Unclaimed Property. So many of our Louisiana families are struggling to rebuild,” said Treasurer Kennedy. “One flood victim found more than $34,000 of her own money as well as $35,000 in cash and stock from her late mother’s estate.”
The Unclaimed Property program has returned more than $407 million to almost 630,000 Louisiana citizens since 1972. A few times a year, Treasury employees go to shopping malls to increase awareness about the Unclaimed Property program.
Unclaimed Property includes old bank accounts, insurance proceeds, utility deposits and other lost money sources.
Treasurer Kennedy encourages Louisiana residents who could not attend Saturday’s Unclaimed Property Awareness Day to search online for missing money that may belong them at www.LATreasury.com or call the Treasury’s toll-free hotline at 1-888-925-4127 (Monday – Friday 8:00 a.m. to 4:30 p.m.).