US Savings Bonds

Posts Tagged ‘tax’

Question: Can I be gifted up to $12,000 annually and not have to claim on taxes, is true if savings bond with interest?

Answer: The gift is not taxable to the recipient It is only taxable to the giver.

HR Block.

Tax Free Bonds & Taxman 2009

Question: Can I elect to pay tax on Series EE US Savings Bonds?

I have heard something about making an election to report accrued interest on EE Savings Bonds before they are redeemed. I just graduated and I expect the 2010 tax year to be the lowest tax bracket I’ll be in for the rest of my life. Therefore, if it’s possible to pay tax on the accrued interest without redeeming my Savings Bonds, I sure would like to do it. Is it possible to make this election and if so, how? Do I just attach a statement with my schedule B?
The bonds mature in 2018 and are paying 4%.
Why is it late? From the sound of what you posted, it seems like I can do it with no problem.. am I misreading?
They were a gift to me for my 2nd birthday. A few months ago, my dad found them in his safety deposit box and gave them to me. I did not even know I had bonds until then so I have not been “accounting” for them at all nor made any tax elections at all.

Answer: Yes you can. Go here, then look under the heading Interest Income…US Savings Bonds.

http://www.irs.gov/publications/p550/ch01.html#en_US_publink10009895

Also here…

http://www.treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eetaxconsider.htm

Tax Refunds Could Make Me $500000?!

Question: Obama is responsible for the continued stock market fall?

Everything says obama will be president

Obama should never said he was raising taxes on the rich..now they are hurting us big time.They are destroying the stock market.

I talked to friends of mine today about the stock market..they sold all their stocks 2 weeks ago… i asked why …i got the same answer from all of them….obama will be president..and I don’t want to pay the extra taxes..sell now and pay this year while it is still cheap..they are putting it in bonds

Obama will become president with the economy a bleached bone corpse.

Now that the exodus has started it will not stop unless Obama loses.

It was not this bad during jimmy carters time.

I am to old to have my savings in the stock market….too risky…..its all in the us bonds.
guess who gets fired first..obama supporters

Answer: get a grip on reality

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