diff --git a/src/compiler/binder.ts b/src/compiler/binder.ts
index 990674b7b40a1..d88c135a22c70 100644
--- a/src/compiler/binder.ts
+++ b/src/compiler/binder.ts
@@ -1198,8 +1198,10 @@ namespace ts {
             // exceptions. We add all mutation flow nodes as antecedents of this label such that we can analyze them
             // as possible antecedents of the start of catch or finally blocks. Furthermore, we add the current
             // control flow to represent exceptions that occur before any mutations.
+            const saveReturnTarget = currentReturnTarget;
             const saveExceptionTarget = currentExceptionTarget;
-            currentExceptionTarget = createBranchLabel();
+            currentReturnTarget = createBranchLabel();
+            currentExceptionTarget = node.catchClause ? createBranchLabel() : currentReturnTarget;
             addAntecedent(currentExceptionTarget, currentFlow);
             bind(node.tryBlock);
             addAntecedent(preFinallyLabel, currentFlow);
@@ -1211,22 +1213,24 @@ namespace ts {
                 // The currentExceptionTarget now represents control flows from exceptions in the catch clause.
                 // Effectively, in a try-catch-finally, if an exception occurs in the try block, the catch block
                 // acts like a second try block.
-                currentExceptionTarget = createBranchLabel();
+                currentExceptionTarget = currentReturnTarget;
                 addAntecedent(currentExceptionTarget, currentFlow);
                 bind(node.catchClause);
                 addAntecedent(preFinallyLabel, currentFlow);
                 flowAfterCatch = currentFlow;
             }
             const exceptionTarget = finishFlowLabel(currentExceptionTarget);
+            currentReturnTarget = saveReturnTarget;
             currentExceptionTarget = saveExceptionTarget;
             if (node.finallyBlock) {
                 // Possible ways control can reach the finally block:
                 // 1) Normal completion of try block of a try-finally or try-catch-finally
                 // 2) Normal completion of catch block (following exception in try block) of a try-catch-finally
-                // 3) Exception in try block of a try-finally
-                // 4) Exception in catch block of a try-catch-finally
+                // 3) Return in try or catch block of a try-finally or try-catch-finally
+                // 4) Exception in try block of a try-finally
+                // 5) Exception in catch block of a try-catch-finally
                 // When analyzing a control flow graph that starts inside a finally block we want to consider all
-                // four possibilities above. However, when analyzing a control flow graph that starts outside (past)
+                // five possibilities above. However, when analyzing a control flow graph that starts outside (past)
                 // the finally block, we only want to consider the first two (if we're past a finally block then it
                 // must have completed normally). To make this possible, we inject two extra nodes into the control
                 // flow graph: An after-finally with an antecedent of the control flow at the end of the finally
diff --git a/tests/baselines/reference/tryCatchFinallyControlFlow.errors.txt b/tests/baselines/reference/tryCatchFinallyControlFlow.errors.txt
new file mode 100644
index 0000000000000..11ec1515acadb
--- /dev/null
+++ b/tests/baselines/reference/tryCatchFinallyControlFlow.errors.txt
@@ -0,0 +1,132 @@
+tests/cases/compiler/tryCatchFinallyControlFlow.ts(105,5): error TS7027: Unreachable code detected.
+
+
+==== tests/cases/compiler/tryCatchFinallyControlFlow.ts (1 errors) ====
+    // Repro from #34797
+    
+    function f1() {
+        let a: number | null = null;
+        try {
+            a = 123;
+            return a;
+        }
+        catch (e) {
+            throw e;
+        }
+        finally {
+            if (a != null && a.toFixed(0) == "123") { 
+            }
+        }
+    }
+    
+    function f2() {
+        let x: 0 | 1 | 2 | 3 = 0;
+        try {
+            x = 1;
+        }
+        catch (e) {
+            x = 2;
+            throw e;
+        }
+        finally {
+            x;  // 0 | 1 | 2
+        }
+        x;  // 1
+    }
+    
+    function f3() {
+        let x: 0 | 1 | 2 | 3 = 0;
+        try {
+            x = 1;
+        }
+        catch (e) {
+            x = 2;
+            return;
+        }
+        finally {
+            x;  // 0 | 1 | 2
+        }
+        x;  // 1
+    }
+    
+    function f4() {
+        let x: 0 | 1 | 2 | 3 = 0;
+        try {
+            x = 1;
+        }
+        catch (e) {
+            x = 2;
+        }
+        finally {
+            x;  // 0 | 1 | 2
+        }
+        x;  // 1 | 2
+    }
+    
+    function f5() {
+        let x: 0 | 1 | 2 | 3 = 0;
+        try {
+            x = 1;
+            return;
+        }
+        catch (e) {
+            x = 2;
+        }
+        finally {
+            x;  // 0 | 1 | 2
+        }
+        x;  // 2
+    }
+    
+    function f6() {
+        let x: 0 | 1 | 2 | 3 = 0;
+        try {
+            x = 1;
+        }
+        catch (e) {
+            x = 2;
+            return;
+        }
+        finally {
+            x;  // 0 | 1 | 2
+        }
+        x;  // 1
+    }
+    
+    function f7() {
+        let x: 0 | 1 | 2 | 3 = 0;
+        try {
+            x = 1;
+            return;
+        }
+        catch (e) {
+            x = 2;
+            return;
+        }
+        finally {
+            x;  // 0 | 1 | 2
+        }
+        x;  // Unreachable
+        ~~
+!!! error TS7027: Unreachable code detected.
+    }
+    
+    // Repro from #35644
+    
+    const main = () => {
+        let hoge: string | undefined = undefined;
+        try {
+            hoge = 'hoge!';
+            return;
+        }
+        catch {
+            return;
+        }
+        finally {
+            if (hoge) {
+                hoge.length;
+            }
+            return;
+        }
+    }
+    
\ No newline at end of file
diff --git a/tests/baselines/reference/tryCatchFinallyControlFlow.js b/tests/baselines/reference/tryCatchFinallyControlFlow.js
index d0f8781cef19a..79d9a3d597275 100644
--- a/tests/baselines/reference/tryCatchFinallyControlFlow.js
+++ b/tests/baselines/reference/tryCatchFinallyControlFlow.js
@@ -59,6 +59,71 @@ function f4() {
     }
     x;  // 1 | 2
 }
+
+function f5() {
+    let x: 0 | 1 | 2 | 3 = 0;
+    try {
+        x = 1;
+        return;
+    }
+    catch (e) {
+        x = 2;
+    }
+    finally {
+        x;  // 0 | 1 | 2
+    }
+    x;  // 2
+}
+
+function f6() {
+    let x: 0 | 1 | 2 | 3 = 0;
+    try {
+        x = 1;
+    }
+    catch (e) {
+        x = 2;
+        return;
+    }
+    finally {
+        x;  // 0 | 1 | 2
+    }
+    x;  // 1
+}
+
+function f7() {
+    let x: 0 | 1 | 2 | 3 = 0;
+    try {
+        x = 1;
+        return;
+    }
+    catch (e) {
+        x = 2;
+        return;
+    }
+    finally {
+        x;  // 0 | 1 | 2
+    }
+    x;  // Unreachable
+}
+
+// Repro from #35644
+
+const main = () => {
+    let hoge: string | undefined = undefined;
+    try {
+        hoge = 'hoge!';
+        return;
+    }
+    catch {
+        return;
+    }
+    finally {
+        if (hoge) {
+            hoge.length;
+        }
+        return;
+    }
+}
 
 
 //// [tryCatchFinallyControlFlow.js]
@@ -119,3 +184,63 @@ function f4() {
     }
     x; // 1 | 2
 }
+function f5() {
+    var x = 0;
+    try {
+        x = 1;
+        return;
+    }
+    catch (e) {
+        x = 2;
+    }
+    finally {
+        x; // 0 | 1 | 2
+    }
+    x; // 2
+}
+function f6() {
+    var x = 0;
+    try {
+        x = 1;
+    }
+    catch (e) {
+        x = 2;
+        return;
+    }
+    finally {
+        x; // 0 | 1 | 2
+    }
+    x; // 1
+}
+function f7() {
+    var x = 0;
+    try {
+        x = 1;
+        return;
+    }
+    catch (e) {
+        x = 2;
+        return;
+    }
+    finally {
+        x; // 0 | 1 | 2
+    }
+    x; // Unreachable
+}
+// Repro from #35644
+var main = function () {
+    var hoge = undefined;
+    try {
+        hoge = 'hoge!';
+        return;
+    }
+    catch (_a) {
+        return;
+    }
+    finally {
+        if (hoge) {
+            hoge.length;
+        }
+        return;
+    }
+};
diff --git a/tests/baselines/reference/tryCatchFinallyControlFlow.symbols b/tests/baselines/reference/tryCatchFinallyControlFlow.symbols
index fa4171ec7de92..054151d6328d5 100644
--- a/tests/baselines/reference/tryCatchFinallyControlFlow.symbols
+++ b/tests/baselines/reference/tryCatchFinallyControlFlow.symbols
@@ -107,3 +107,114 @@ function f4() {
 >x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 48, 7))
 }
 
+function f5() {
+>f5 : Symbol(f5, Decl(tryCatchFinallyControlFlow.ts, 59, 1))
+
+    let x: 0 | 1 | 2 | 3 = 0;
+>x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 62, 7))
+
+    try {
+        x = 1;
+>x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 62, 7))
+
+        return;
+    }
+    catch (e) {
+>e : Symbol(e, Decl(tryCatchFinallyControlFlow.ts, 67, 11))
+
+        x = 2;
+>x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 62, 7))
+    }
+    finally {
+        x;  // 0 | 1 | 2
+>x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 62, 7))
+    }
+    x;  // 2
+>x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 62, 7))
+}
+
+function f6() {
+>f6 : Symbol(f6, Decl(tryCatchFinallyControlFlow.ts, 74, 1))
+
+    let x: 0 | 1 | 2 | 3 = 0;
+>x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 77, 7))
+
+    try {
+        x = 1;
+>x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 77, 7))
+    }
+    catch (e) {
+>e : Symbol(e, Decl(tryCatchFinallyControlFlow.ts, 81, 11))
+
+        x = 2;
+>x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 77, 7))
+
+        return;
+    }
+    finally {
+        x;  // 0 | 1 | 2
+>x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 77, 7))
+    }
+    x;  // 1
+>x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 77, 7))
+}
+
+function f7() {
+>f7 : Symbol(f7, Decl(tryCatchFinallyControlFlow.ts, 89, 1))
+
+    let x: 0 | 1 | 2 | 3 = 0;
+>x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 92, 7))
+
+    try {
+        x = 1;
+>x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 92, 7))
+
+        return;
+    }
+    catch (e) {
+>e : Symbol(e, Decl(tryCatchFinallyControlFlow.ts, 97, 11))
+
+        x = 2;
+>x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 92, 7))
+
+        return;
+    }
+    finally {
+        x;  // 0 | 1 | 2
+>x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 92, 7))
+    }
+    x;  // Unreachable
+>x : Symbol(x, Decl(tryCatchFinallyControlFlow.ts, 92, 7))
+}
+
+// Repro from #35644
+
+const main = () => {
+>main : Symbol(main, Decl(tryCatchFinallyControlFlow.ts, 109, 5))
+
+    let hoge: string | undefined = undefined;
+>hoge : Symbol(hoge, Decl(tryCatchFinallyControlFlow.ts, 110, 7))
+>undefined : Symbol(undefined)
+
+    try {
+        hoge = 'hoge!';
+>hoge : Symbol(hoge, Decl(tryCatchFinallyControlFlow.ts, 110, 7))
+
+        return;
+    }
+    catch {
+        return;
+    }
+    finally {
+        if (hoge) {
+>hoge : Symbol(hoge, Decl(tryCatchFinallyControlFlow.ts, 110, 7))
+
+            hoge.length;
+>hoge.length : Symbol(String.length, Decl(lib.es5.d.ts, --, --))
+>hoge : Symbol(hoge, Decl(tryCatchFinallyControlFlow.ts, 110, 7))
+>length : Symbol(String.length, Decl(lib.es5.d.ts, --, --))
+        }
+        return;
+    }
+}
+
diff --git a/tests/baselines/reference/tryCatchFinallyControlFlow.types b/tests/baselines/reference/tryCatchFinallyControlFlow.types
index 29ce77f27241a..d29a00750d787 100644
--- a/tests/baselines/reference/tryCatchFinallyControlFlow.types
+++ b/tests/baselines/reference/tryCatchFinallyControlFlow.types
@@ -133,3 +133,132 @@ function f4() {
 >x : 1 | 2
 }
 
+function f5() {
+>f5 : () => void
+
+    let x: 0 | 1 | 2 | 3 = 0;
+>x : 0 | 1 | 2 | 3
+>0 : 0
+
+    try {
+        x = 1;
+>x = 1 : 1
+>x : 0 | 1 | 2 | 3
+>1 : 1
+
+        return;
+    }
+    catch (e) {
+>e : any
+
+        x = 2;
+>x = 2 : 2
+>x : 0 | 1 | 2 | 3
+>2 : 2
+    }
+    finally {
+        x;  // 0 | 1 | 2
+>x : 0 | 1 | 2
+    }
+    x;  // 2
+>x : 2
+}
+
+function f6() {
+>f6 : () => void
+
+    let x: 0 | 1 | 2 | 3 = 0;
+>x : 0 | 1 | 2 | 3
+>0 : 0
+
+    try {
+        x = 1;
+>x = 1 : 1
+>x : 0 | 1 | 2 | 3
+>1 : 1
+    }
+    catch (e) {
+>e : any
+
+        x = 2;
+>x = 2 : 2
+>x : 0 | 1 | 2 | 3
+>2 : 2
+
+        return;
+    }
+    finally {
+        x;  // 0 | 1 | 2
+>x : 0 | 1 | 2
+    }
+    x;  // 1
+>x : 1
+}
+
+function f7() {
+>f7 : () => void
+
+    let x: 0 | 1 | 2 | 3 = 0;
+>x : 0 | 1 | 2 | 3
+>0 : 0
+
+    try {
+        x = 1;
+>x = 1 : 1
+>x : 0 | 1 | 2 | 3
+>1 : 1
+
+        return;
+    }
+    catch (e) {
+>e : any
+
+        x = 2;
+>x = 2 : 2
+>x : 0 | 1 | 2 | 3
+>2 : 2
+
+        return;
+    }
+    finally {
+        x;  // 0 | 1 | 2
+>x : 0 | 1 | 2
+    }
+    x;  // Unreachable
+>x : 0 | 1 | 2 | 3
+}
+
+// Repro from #35644
+
+const main = () => {
+>main : () => void
+>() => {    let hoge: string | undefined = undefined;    try {        hoge = 'hoge!';        return;    }    catch {        return;    }    finally {        if (hoge) {            hoge.length;        }        return;    }} : () => void
+
+    let hoge: string | undefined = undefined;
+>hoge : string | undefined
+>undefined : undefined
+
+    try {
+        hoge = 'hoge!';
+>hoge = 'hoge!' : "hoge!"
+>hoge : string | undefined
+>'hoge!' : "hoge!"
+
+        return;
+    }
+    catch {
+        return;
+    }
+    finally {
+        if (hoge) {
+>hoge : string | undefined
+
+            hoge.length;
+>hoge.length : number
+>hoge : string
+>length : number
+        }
+        return;
+    }
+}
+
diff --git a/tests/cases/compiler/tryCatchFinallyControlFlow.ts b/tests/cases/compiler/tryCatchFinallyControlFlow.ts
index daef2d7947a93..694d9f0c4d576 100644
--- a/tests/cases/compiler/tryCatchFinallyControlFlow.ts
+++ b/tests/cases/compiler/tryCatchFinallyControlFlow.ts
@@ -1,4 +1,5 @@
 // @strict: true
+// @allowUnreachableCode: false
 
 // Repro from #34797
 
@@ -60,3 +61,68 @@ function f4() {
     }
     x;  // 1 | 2
 }
+
+function f5() {
+    let x: 0 | 1 | 2 | 3 = 0;
+    try {
+        x = 1;
+        return;
+    }
+    catch (e) {
+        x = 2;
+    }
+    finally {
+        x;  // 0 | 1 | 2
+    }
+    x;  // 2
+}
+
+function f6() {
+    let x: 0 | 1 | 2 | 3 = 0;
+    try {
+        x = 1;
+    }
+    catch (e) {
+        x = 2;
+        return;
+    }
+    finally {
+        x;  // 0 | 1 | 2
+    }
+    x;  // 1
+}
+
+function f7() {
+    let x: 0 | 1 | 2 | 3 = 0;
+    try {
+        x = 1;
+        return;
+    }
+    catch (e) {
+        x = 2;
+        return;
+    }
+    finally {
+        x;  // 0 | 1 | 2
+    }
+    x;  // Unreachable
+}
+
+// Repro from #35644
+
+const main = () => {
+    let hoge: string | undefined = undefined;
+    try {
+        hoge = 'hoge!';
+        return;
+    }
+    catch {
+        return;
+    }
+    finally {
+        if (hoge) {
+            hoge.length;
+        }
+        return;
+    }
+}