Youtube foreigner12/29/2023 ![]() Whether you buy an electronic bond or a paper bond, you must specify who owns the bond. Registering savings bonds (Who owns them?) See more about how much can I spend and how much can I own. ![]() You may buy up to $5,000 in paper savings bonds with each year's tax refund. If you have enough money in your refund, you can buy multiple bonds and, if you wish, you can give them multiple registrations. That means, you can give paper savings bonds to yourself or to anyone else (as a gift). On Form 8888, you also specify who will own the bonds. To buy paper savings bonds, you use IRS Form 8888 to specify how much of your refund should go to savings bonds and how much to you directly (by check or by direct deposit to your bank account). Again, the amount of your purchase can be any multiple of $50, from $50 to $5,000. The bonds may be of different denominations. We may issue multiple bonds to fill your order. You can buy any amount up to $5,000 in $50 increments. The only way to get a paper savings bond now is to use your IRS tax refund. You keep getting more savings bonds automatically until you change or end your Payroll Savings Plan.Įach savings bond earns interest for you in your TreasuryDirect account until you tell us to cash the bond or until it reaches the end of its 30-year interest-earning life. You don't have to think about it again or do anything else. Every time the balance in that specific C of I is large enough to buy the bond you chose at the amount you chose, we issue you that type of savings bond for that amount.įor example: If you want to buy $50 Series I savings bonds and you ask your employer to send $25 from each paycheck to your TreasuryDirect account, we issue a $50 bond for you after every other payday. The money your employer sends each time goes into a special Payroll Savings Plan Certificate of Indebtedness (C of I) in your TreasuryDirect account.
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