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All electronic savings bonds can be purchased in any amount from $25 to $10,000, while paper bonds are limited to $50, $100, $200, $500 and $1,000 denominations. The maximum that can be purchased ...
When you buy a savings bond, you loan money to the U.S. government in exchange for a return at a future date. ... Paper Bonds: Present the bond and an acceptable form of identification to a bank ...
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.
For paper Series I Savings Bonds purchased through IRS tax refunds the purchase limit was $5,000, in addition to the online purchase limit. [ 20 ] Individuals who own either type of bond must have a Social Security number and be either a United States citizen, a legal United States resident, or a civilian employee of the United States ...
Discontinued paper Series EE savings bond from 1983, with serial number in punched card format. Treasury stopped selling paper Series EE and I savings bonds on December 31, 2011, requiring people to use the TreasuryDirect website to purchase them, except for paper Series I bonds purchased using a tax return. [8]
The value of a paper savings bond can be checked by using the savings bond calculator on the TreasuryDirect website and entering this information found on bond: Issue date. Bond series.
To buy paper I bonds directly with your refund, you don’t need to open a TreasuryDirect account. Instead, follow the instructions on the Internal Revenue Service’s Form 8888 and file that form ...
After January 1, 2025, you can no longer use your tax refund to buy paper I Bonds. What bonds are federally tax-exempt? Interest earned on I bonds is tax-exempt if you use the interest for ...