One way to use your federal tax refund for...

Have you consider buying US Savings Bonds with your tax refund?

Some of the things the IRS wants you to know about using your federal refund to purchase savings bonds.

1- You may use a portion of your refund to purchase up to $5,000 in U.S. Series I Savings Bonds for yourself or anyone.

2- The total amount of saving bonds purchased must be in multiples of $50. Any portion of your refund not used to buy savings bonds will be deposited into another financial account – such as a checking or savings account or can be mailed to you as a paper check.

3- Paper bonds will be issued in your name or the name you designate as primary owner, co-owner or beneficiary. If you are married and filed a joint return, the bonds will be issued in yours and your spouse’s name. You can also designate a beneficiary or co-owner under this name registration option.

4- You will receive the U.S. savings bonds in the mail.

However, there are other alternatives investment options available to you when you get your tax refund.

Source: IRS






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