We’re excited to introduce Exemptions in ReportMyUP, giving you more control over what gets reported, reducing manual work, and helping ensure you’re only filing what actually matters.
Why Unclaimed Property Exemptions Matter
Every state has its own rules about what qualifies as reportable unclaimed property. That means not everything in your records needs to be included in your filings.
With Exemptions, you can now:
- Avoid over-reporting by excluding non-reportable properties
- Stay aligned with state-specific rules
- Focus your time on what actually needs attention
In short: less guesswork, more confidence.
What Are Standard Exemptions?
Standard exemptions are pre-defined, state-based rules that determine whether a property should be excluded from reporting.
Standard exemptions examples are:
- Business to Business (B2B)
- De Minimis (Threshold)
- Payroll
- Gift Certificates
ReportMyUP Plus uses Property Code, Owner Type, and Threshold Amount to automatically apply the exemptions you selected.
Built for Real-World Complexity
Not all properties are created equal, especially when it comes to gift certificates and stored value cards.
That’s why ReportMyUP now supports alternate property codes to help you properly classify and apply exemptions, including:
- General gift certificates
- Stored value cards
- Reloadable cards
- No-expiration gift certificates
- Prepaid cards
This ensures state-specific exemption rules are applied accurately, without extra manual effort.
How It Works in ReportMyUP
The workflow is simple and flexible based on your plan.
For ReportMyUP Plus users:
- Activate exemptions directly in the platform
- Properties that meet criteria are automatically excluded from reports
- Statuses update to Exempt (E), no manual work required
For ReportMyUP users:
- Review exemption criteria
- Manually mark qualifying properties as Exempt (E) before reporting
- Maintain full control over your reporting process
Built for Better Unclaimed Property Compliance
Exemptions don’t just save time, they help you build a more defensible compliance process.
With all ReportMyUP plans, you can:
- Review all available exemptions by state
- Download exemption criteria for documentation
- Keep a clear record of what was excluded and why
This makes it easier to stay organized, audit-ready, and aligned with internal policies.
A Smarter Way to Report Unclaimed Property
By adding Exemptions into our ReportMyUP workflow, we’re empowering businesses to have a true end-to-end solution for unclaimed property compliance.
By reducing manual effort and improving accuracy, you can spend less time sorting through edge cases, and more time confidently submitting your reports.
Get started with a 7-day free trial of ReportMyUP today.