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1. www.treasurydirect.gov › indiv › researchTax information for EE and I bonds — TreasuryDirect

   www.treasurydirect.gov › indiv › research

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   The interest that your savings bonds earn is subject to. federal income tax, but not state or local income tax. any federal estate, gift, and excise taxes and any state estate or inheritance taxes. Using the money for higher education may keep you from paying federal income tax on your savings bond interest.

2. www.kiplinger.com › taxes › 604926Are I Bonds Taxable? 10 Common Situations - Kiplinger

   www.kiplinger.com › taxes › 604926

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   May 15, 2024 · Series I bonds are a popular investment that can also help you save on taxes, but the federal income tax consequences can be complex.

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3. Videos

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     I Bonds Explained: What are Series I Savings Bonds?

     4 May 2022

     201.2K views

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     10:18

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     I Bonds Explained - EVERYTHING You Need To Know About I Bonds

     22 Oct 2021

     301.2K views

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     2:59

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     Series I Treasury Bonds Explained! QUICKLY EXPLAINED!

     29 Mar 2023

     185 views

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4. www.wsj.com › personal-finance › taxesMaking Money on I Bonds Was Easy. The Tax Paperwork Isn’t.

   www.wsj.com › personal-finance › taxes

   Feb 19, 2024 · Share. Resize. Listen. (1 min) The tax bill is coming due for one of the hottest investments of the past two years. Millions of Americans rushed to buy I bonds in 2022 when a guaranteed 9.62%...

   • Author: Ashlea Ebeling

5. fastercapital.com › content › Tax-exemption--SeriesTax exemption: Series I Bonds and Tax Exemption: What You ...

   fastercapital.com › content › Tax-exemption--Series

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   Apr 12, 2024 · Series I Bonds are exempt from state and local taxes, and the interest earned is taxed as ordinary income on federal tax returns. However, how Series I Bonds are taxed can be a bit complex. It is important to understand the tax implications of investing in Series I Bonds to make informed decisions.

6. www.investopedia.com › terms › sWhat Are Series I Bonds? Rates, Risks, Taxes Explained

   www.investopedia.com › terms › s

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   Mar 5, 2024 · Interest income for Series I bonds is taxable at the federal level, but not at the state and local levels. The series I bond is a zero-coupon bond, meaning that no interest is paid during...

7. www.treasurydirect.gov › faqs › savings-bond-faqsFAQs for Savings Bonds - TreasuryDirect

   www.treasurydirect.gov › faqs › savings-bond-faqs

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   The Series EE bond and the Series I bond. Both are available in electronic form in TreasuryDirect. Also, using your federal tax refund, you can buy Series I bonds in paper form until January 1, 2025.

8. People also ask

   Are series I bonds taxable?

   • There is no state income tax due on cashed Series I bonds. All taxable interest paid on Series I bonds is reported by the Treasury Department on IRS Form 1099-INT. Series I bond owners will receive an email from the Treasury Department notifying them of the existence of their 1099-INT, online.

   US Series I Savings Bonds: How to Purchase, Interest Paid & Taxation

   www.myfederalretirement.com/i-savings-bonds-taxation/

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   Can I buy a series I bond with my tax refund?

   • Also, using your federal tax refund, you can buy Series I bonds in paper form until January 1, 2025. See our You can buy U.S. savings bonds only from the U.S. government. You can’t buy them from another person or a business. (If you pay to obtain a savings bond on eBay , for instance, you’re paying only for a piece of paper.

   FAQs for Savings Bonds - TreasuryDirect

   www.treasurydirect.gov/help-center/faqs/savings-bond-faqs/

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   Are series I bonds a good investment?

   • Series I bonds are a popular investment that can also help you save on taxes, but the federal income tax consequences can be complex. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works.

   Are I Bonds Taxable? 10 Common Situations - Kiplinger

   www.kiplinger.com/taxes/604926/taxes-on-i-bonds

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   Can series I bonds be withheld from a paycheck?

   • Current Series I bond owners who want federal income taxes to be withheld when their bonds are cashed in the future can federal income taxes withheld from their cashed Series I bonds the same way that federal income taxes are withheld from a paycheck.

   US Series I Savings Bonds: How to Purchase, Interest Paid & Taxation

   www.myfederalretirement.com/i-savings-bonds-taxation/

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   How do I report a series I bond on my tax return?

   • A Series I bond owner who cashed a series I bond during 2023 must report the accrued interest on his or her federal income tax (Form 1040 or Form 1040-SR, line 2a). This is the case even if finding Form 1099-INT for cashed I bonds is more complicated than for other investments.

   US Series I Savings Bonds: How to Purchase, Interest Paid & Taxation

   www.myfederalretirement.com/i-savings-bonds-taxation/

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   Are I bonds tax deductible?

   • I bonds also have important tax advantages for owners. For example, interest earned on I bonds is exempt from state and local taxation. Also, owners can defer federal income tax on the accrued interest for up to 30 years. Unfortunately, though, the federal tax rules aren't always straightforward.

   Are I Bonds Taxable? 10 Common Situations - Kiplinger

   www.kiplinger.com/taxes/604926/taxes-on-i-bonds

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9. www.myfederalretirement.com › i-savings-bonds-taxationUS Series I Savings Bonds: How to Purchase, Interest Paid ...

   www.myfederalretirement.com › i-savings-bonds-taxation

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   Mar 5, 2024 · There is no state income tax due on cashed Series I bonds. All taxable interest paid on Series I bonds is reported by the Treasury Department on IRS Form 1099-INT. Series I bond owners will receive an email from the Treasury Department notifying them of the existence of their 1099-INT, online.