Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Budgeting and Taxes

Favorable Tax Treatment of Savings Bonds

Thursday, April 8, 2010 - 7:49 AM
I Bonds and EE Bonds have several tax advantages: 1) federal tax can be deferred until the bonds are redeemed, 2) free of state and local tax, and 3) can be free of federal tax if used for higher-education expenses. This Bankrate article has a good review of this third tax advantage.
2
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,699
Reply