US Savings Bonds

Posts Tagged ‘federal’

Question: How much would taxes be on a $10000 US Savings Bond?

I am thinking about cashing in my bond to buy investment property. Does anyone know what the tax rate would be? Thanks to all who answer.

Answer: Nothing if you have been claiming the interest earned all along, or at most the current year’s interest. If you have not been claiming the interest annually then the difference between what you paid for it and the redemption value is taxed as ordinary income.

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Question: How can i buy and redeem UAE National Bonds from other country?

I am an expat in the UAE and I am UAE National Bonds Holder,
I’m planning to leave United Arab Emirates soon, but i still want to keep my savings if i can buy and redeem it from outside the UAE.
Is it possible for me to buy and redeem my savings from other country?
How can i do that?

Answer: You can download the redemption form from National bonds website.
Fill it up.
Sign it.
Mention your bank account details.
Send the form to National Bonds by email or fax.
The money will be transferred internationally to the specified account.

Note:
Remember your signature you have provided them with earlier as it will be verified & then only the money will be sent to you.

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