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Finally, another benefit of buying I bonds for your children or grandchildren is the tax advantages. The interest is typically subject to federal income tax, but exempt from state and local taxes.
Each year, one person can only buy $10,000 in electronic I bonds and $5,000 in paper bonds. In total, this amounts to $15,000 worth of I bonds for each person per year.
Grandparents often want to contribute to their grandchildren's futures in the form of money toward college savings, such as contributing to a 529 plan (an education investment account allows for...
Post WWII $25 Series E US Savings Bond (1953) and strip of 10¢ US Savings Stamps. After the war ended, savings bonds became popular with families, with purchasers waiting to redeem them so the bonds would grow in value. To help sustain post-war sales, they were advertised on television, films, and commercials.
Grandparents often want to contribute to their grandchildren's futures in the form of money toward college savings, ... 800-290-4726 more ways to reach us. Mail.
Savings bonds are safe and easy to buy, but you can earn higher interest income elsewhere. ... 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please call: