Savings Bonds-US Savings Bonds

SBTaxQuestion asked: I am a college student with no job (and thus no income). Normally I would not file taxes. I have some savings bonds that I would like to cash, but I am wondering if I would need to file taxes and pay taxes on the bonds, even though I normally would not file [...]

sometimes I’m too nice asked: Last year I cashed in 640 dollars in savings bonds. How much will I have to pay in taxes on them?Ty Taruc

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Michael asked: I have $1,350 in Savings Bonds from long ago. If I used some of it to buy a laptop for college, would I be taxed on it later in the year? Or does it fall under the category of an “Educational Expense”?Mary

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chisef asked: I won a savings bond through a private school’s benefit and was wondering if I have to pay taxes on that winning if it is in the form of a bond. I have the option to get it in cash winnings, so would I have to pay taxes for that also?Ricardo

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BillF asked: In the 90’s, I purchased US Savings bonds because I was told that the interest would be tax free, if the proceeds were used to pay college tuition.
Where would I look for further information - yes daughter is in college and tuition bills are coming.
I think it made a difference if the bonds [...]

latterrain41 asked: my dad advised me not to cash them all at once because of all the taxes, i don’t know how much that would be?
that is with the accrued interest. without the interest, it is $22,500. i am 44 and not a dependent. also, this must wait until he passes. [...]

mollie asked: These can pay for her grad.school, and since she’ll be earning money just from a part time job, her income tax on them would be so much less than mine, if i cash them in for her.Kermit Mclearan

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ddrmiam asked: I would like to cash in some saving bonds to purchase a laptop computer for school. Are there tax benefits available to me for doing so.Melvin Nicoletti

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Audge I asked: I’ve cashed two bonds this year, totaling over $120 in interest. I know I have to pay taxes on interest over $15, but do I have to save the reciept from the bank and remember that I cashed them a year from now? Or will I receive a statement in the mail [...]

bosco asked: When I was young, my grandma would buy me (and my brothers) US Savings Bonds. I am now a grown man, and I am still holding on to them. Well, I have some home improvements coming up, and I could take out a home equity loan or line of credit to [...]