Savings Bonds-US Savings Bonds

transformerzdealer asked: and use the proceeds to pay my wife’s student loans off and not have to pay interest next year to the feds? We are filing a joint return.
its a $12,000 loan, bond worth $12,000Kiyoko Hollister

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FinkenZ34 asked: This past year i cashed in some savings bonds. I forget what i actually got out of them but it was around $600. They were about 19 years old. Now the bank i use to be with sent me a paper that says Combined Tax Statement for Forms 1098,1099,5498, for Year 2007.
Now on [...]

stikynoterightr asked: I have thought about it for a while and I’ve decided that I would like to buy some savings bonds for my niece (she’s turning 3 soon) that she could use later on in life for college or something. I plan on putting both of our names on them (just in case) but [...]

manda asked: In this past year I cashed savings bonds, and the interest came to $510. I’m a college student and received a subsidized loan totaling $5000.00, but they sent me a form saying “amounts billed for qualified tuition and related expenses” is $4254.10. I work part time and paid about $780 in Federal [...]

yu3se6 asked: Do you have to pay tax on savings cashed to updated to larger bonds such as 500 dollars in bonds and then upgrade to 1000 dollar bond?Sonny Jolie

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heath h asked: How much in savings bonds can you pull out in a year before you are charged more then normal on your withdrawal due to taxesAmos Ricardo

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MannPower asked: I was recently laid off, and am claiming unemployment benefits for Massachusetts. I have a few grand in Savings Bonds that I’d like to cash in to help get me by a bit longer past my severance pay, but I’m afraid that the money would count as ‘earnings’, and I will lose my [...]

joliet_jane asked: I know how much interest I must claim for some U.S. Savings Bonds I cashed. What is the Federal Identification Number of the U.S. Treasury? I can’t find it anywhere, and I need the payer’s ID to put the interest on the tax form!Aisha Clontz

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Michael L asked: I am 16 and a student. I do not have a job and have never filed taxes therfore who would pay the taxes on the bonds that are issued in my name? My Parents?Harris Stalter

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Spoiledbrat asked: I noticed that it does ask if you have them and you have to report them, so does it lower what you would get back if you didn’t have them? Why do they want that information when they are exempt from taxes.
Even then, they are exempt when cashing them out, That is why [...]