Follow this walkthrough to get the 1099 form for cashing out I Bonds and report the interest income in tax software TurboTax, H&R Block, and FreeTaxUSA.
Voluntary Tax Withholding on Selling I Bonds at TreasuryDirect
TreasuryDirect normally doesn’t withhold taxes from the proceeds when you sell I Bonds. If you prefer to have taxes withheld, here’s how to do it.
Cash Out Old I Bonds to Buy New Ones for a Better Rate
See which older I Bonds you should cash out to buy new ones for a higher fixed rate, the best time to cash out, and how to manage the annual purchase limit.
Deliver I Bonds Bought as a Gift in TreasuryDirect
It’s time to deliver the I Bonds you pre-purchased as a gift last year. The owner can edit the registration and grant you rights after you deliver it.
When to Sell I Bonds or Cash Out and Buy TIPS
I Bonds are great for the short term but TIPS are better for the long term. Calculate whether the time has come to cash out your I Bond and switch to TIPS.
How to Split an Existing I Bond for Multiple Beneficiaries
You can name only one beneficiary on a savings bond. If you’d like to name two or more beneficiaries, you have to split your bond into multiple parts.
Cash Out I Bonds Tax Free For College Expenses Or 529 Plan
It’s possible to cash out I Bonds tax free for college expenses or transfer to a 529 plan but you must meet an income limit and some other requirements.
Better Inflation Protection with TIPS Than I Bonds
Consider investing in TIPS for inflation protection after maxing out I Bonds. They have no purchase limit, and you can invest through a mutual fund or ETF.
How To Use Password Manager with TreasuryDirect for I Bonds
Do this trick when you buy I Bonds and use a secure password stored in a password manager instead of the virtual keyboard on the TreasuryDirect website.
I Bonds Tax Treatment During Your Lifetime and After You Die
You can report accrued interest from your I Bonds every year but it gets complicated in real life. Keep it simple and go with the default.
Overpay Your Taxes to Buy $5,000 in I Bonds
I Bonds offer a better yield than all other safe investments. After you max out your annual limit, you can buy another $5,000 by overpaying your taxes.
Where to Get a Signature Guarantee for I Bonds at TreasuryDirect
When you open a TreasuryDirect account to buy I Bonds, sometimes you need a signature guarantee. Ask nicely at a bank, a credit union, or a broker.