Are savings bonds tax deductible?

Answer The act of purchasing US Savings Bonds is not tax deductible. However, you can defer the taxes due on interest paid by Savings Bonds until you redeem the bond. In some cases, you may receive intere... Read More »

Top Q&A For: Are savings bonds tax deductible

Are i series savings bonds a better investment than ee bonds?

On One Hand: High InflationDuring times of inflation, I series bonds provide more inflation protection and a higher return than EE Bonds. EE bonds earn a fixed rate over the course of 20 years, whi... Read More »

How to Buy US Savings Bonds?

U.S. Savings bonds are a low-risk investment you can purchase for yourself or as a gift -- and the interest you earn is exempt from state and local income taxes. You can buy savings bonds at a bank... Read More »

How to Put Savings Bonds Toward College?

Savings bonds are U.S. Treasury notes. Bonds can be purchased at any time in many different amounts. Common denominations of savings bonds include: $100, $1,000 and $5,000. These bonds are not wort... Read More »

The SSI Penalties for Having Savings Bonds?

Supplemental Security Income uses a monitoring and reporting system to determine monthly payment amounts. The Social Security Administration monitors and calculates SSI benefits based on informatio... Read More »