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Tax information for EE and I bonds. Note: The tax situation is different for HH bonds, which may still be earning interest. Tax information for HH savings bonds. On this page: Is savings bond interest taxable? When do I get the interest on my EE or I bonds? When must I report the interest? Where do I list the interest on my tax return?
15 gru 2021 · Interest from EE U.S. savings bonds is taxed at the federal level but not at the state or local levels for income. The interest that savings bonds earn is the amount that a bond can be...
Electronic Series EE Bonds are sold at face value and are worth their full value when available for redemption. The minimum term of ownership is one year, but a penalty is imposed if the bond is redeemed in the first five years.
7 paź 2021 · The federal tax consequences for Series EE and I U.S. savings bonds are anything but straightforward. Although the interest on these bonds is fully exempt from state and local taxes, the federal...
12 lip 2023 · There are several tax advantages associated with Series EE bonds. The interest earned on these bonds is exempt from state and local taxes and, if used for qualified educational expenses, may also be exempt from federal taxes.
1 gru 2022 · As they do with Series EE bonds, cash-basis individuals report interest on Series I bonds in the year of maturity (or in the year redeemed, if earlier). Taxpayers can use their tax refund to purchase Series I bonds.
The minimum term of ownership is one year, but a penalty is imposed if the bond is redeemed in the first five years. The bonds earn interest for 30 years. How they’re taxed. Series EE bonds don’t pay interest currently. Instead, the accrued interest is reflected in the redemption value of the bond.
