Colorado Has Over $30 Million In Unclaimed Stimulus Checks

Coloradans have refused enough stimulus cash to have paid off damage caused by the Capitol riot on January 6, according to new data obtained by FOX31.

According to records from the Internal Revenue Service, Americans have either refused, paid back, or failed to cash 1,315,717 checks in the first round of stimulus checks issued under the President Trump administration at the start of the COVID-19 pandemic.

Those checks amount to $1.77 billion in unclaimed stimulus money.

In Colorado alone, there are 23,555 unclaimed checks from the first round which totals to $30.75 million.

Despite the large number, the state isn't a standout when it comes to the number of unclaimed stimulus checks in the rest of the country.

Colorado has the 21st and 22nd highest amounts of unclaimed checks and the total amount of money in the nation.

According to FOX31, Coloradans failed to cash 0.86% of the checks distributed which is slightly higher than the national average.

Unclaimed stimulus money is returned to the federal government, according to FOX31.