OHIO - If you live in Ohio, the rules for "found money" just changed in a major way. For years, the state held onto unclaimed funds indefinitely until the owner came forward. But starting January 1, 2026, a new clock has started ticking. Under updated regulations, Ohioans now have a 10-year window to claim funds reported to the state. If money sits unclaimed for too long after this period, it may eventually be considered permanently abandoned.
OHIO - If you live in Ohio, the rules for "found money" just changed in a major way. For years, the state held onto unclaimed funds indefinitely until the owner came forward. But starting January 1, 2026, a new clock has started ticking. Under updated regulations, Ohioans now have a 10-year window to claim funds reported to the state. If money sits unclaimed for too long after this period, it may eventually be considered permanently abandoned.
With over $4.8 billion currently sitting in the Ohio Division of Unclaimed Funds, the race is on to get that money back into the hands of residents before it’s too late. But that isn't the only financial update for 2026. Income limits for property tax breaks have increased, and winter heating grants are currently available for thousands of households.
Here is your guide to getting what is owed to you in the Buckeye State.
1. The $4.8 Billion "Lost" Pot (And the New 10-Year Rule)
Ohio’s unclaimed funds pot is massive. It includes uncashed payroll checks, forgotten rent deposits, inactive savings accounts, and insurance payouts.
The Urgent Update: In the past, you could claim money from 30 or 40 years ago. While you can still claim older funds right now, the new 2026 statute of limitations serves as a "use it or lose it" warning for the future. The state is urging all residents to check immediately to reset the clock and secure their assets.
How to Check:
- Go to the Official Site: Visit unclaimedfunds.ohio.gov.
- Search: Enter your last name. It is highly recommended to also search for the names of deceased parents or grandparents, as this is often where the largest sums (life insurance policies) are found.
- The "Ohio vs. Michigan" Challenge: The state often runs competitions to see which state's residents can claim more cash. Beating Michigan is just a bonus to getting your money back.
2. The Homestead Exemption (Income Limit Raised)
If you are a homeowner aged 65 or older (or permanently disabled), your property tax bill could be significantly lower this year—but only if you apply.
For the 2026 tax year, the income limit to qualify for the Homestead Exemption has been adjusted. If your household earns approximately $41,000 or less (Ohio Adjusted Gross Income), you can exempt $26,200 of your home's market value from taxation. This can save you hundreds of dollars annually.
Who is eligible?
- Homeowners age 65+ (or turning 65 in the year you apply).
- Totally and permanently disabled residents.
- Surviving spouses (age 59+) of deceased taxpayers who previously qualified.
Deadline: Applications are typically due to your county auditor by the first Monday in June, but filing early ensures you don't miss out.
3. The Winter Crisis Program (Up to $175+)
With winter settling in across Ohio, the Home Energy Assistance Program (HEAP) is currently active.
If you are facing a utility shut-off or have less than a 25% supply of bulk fuel (propane/oil), the Winter Crisis Program can provide immediate cash assistance to keep the heat on.
- Income Limit: Households at or below 175% of the federal poverty guidelines (approx. $54,600 for a family of four).
- The Benefit: A one-time payment applied directly to your utility bill or bulk fuel provider.
- Deadline: The Winter Crisis Program generally runs until March 31, 2026.
Action Plan: 3 Steps to Take Today
- Search the Database: Go to unclaimedfunds.ohio.gov immediately. With the new 10-year rule in effect, do not let your money sit there.
- Check Your Auditor's Site: If you are over 65, Google "[Your County] County Auditor Homestead Exemption" to download the application form.
- Forward This Warning: The 10-year rule change is news to most people. Send this article to family members so they don't accidentally forfeit their old accounts.
