New from the IRS! Use Your Tax Refund to Buy Savings Bonds
Here’s something cool I learned at Mapgirl’s Fiscal Challenge. Apparently you can now use your tax refund to automatically buy I-series bonds from the U.S. government.
As recently as three years ago, I was a huge fan of tax refunds. Despite the arguments against them, I liked getting a tax refund because it was the only way I’d found to save. I’m able to save on my own now, so I no longer aim to get a tax refund every year, but I certainly don’t fault anyone else for doing so. If that’s what you need to save, then do it!
If you’re truly trying to save with the money, the U.S. government has a new option for you starting this year: Now you can buy U.S. Series I savings bonds with your tax refund. Instead of getting a cash refund, you can designate up to $5,000 of your refund to be delivered in actual paper bonds issued in your name.
I Bonds are savings bonds that are indexed for inflation. The earnings rate ...
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Categories: Uncategorized Tags: Aim, Buy Bonds, Earnings, Irs Refund, Irs Tax, Savings Bonds, Tax Refund, Tax Refunds