Did you know you could purchase Savings Bonds with your Tax Refund?

The option to purchase savings bonds via tax refund, for yourself or another person became available in 2010.

This is a great gift to your children, grandchildren, nieces or nephews. The bonds will be mailed to your address with the beneficiary’s name on the bond.

Do I have to use all of my refund to purchase bonds?

You can use all or part of your tax refund to purchase I bonds.
Your request for bonds must be in increments of $50.
Any remaining refund amount not used to purchase bonds will be mailed to you as a paper check or you may elect to have the remaining amount directly deposited into a checking or savings account.

Can I buy savings bonds for a child, grandchild or someone else using this tax refund method?

Yes. You can use your refund to buy savings bonds and designate ownership or co-ownership for someone else, such as a child, grandchild or anyone, or elect a beneficiary using form 8888.

Benefits of Savings Bond (read in link): https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm

Calculate the Value of Savings Bonds (select link): https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm

If you are a client and interested in purchasing Savings Bonds this upcoming tax season, let us know or contact our office at 508.203.1676.