Comments on: Series H/HH Savings Bond overview http://www.savings-bond-advisor.com/h-series-hh-savings-bonds/ Wed, 08 Feb 2012 15:59:01 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/h-series-hh-savings-bonds/#comment-71556 Tue, 25 May 2010 15:10:09 +0000 http://www.savings-bond-advisor.com/h-series-hh-savings-bonds/#comment-71556 Tony - The HH bond does not grow in value - you've been receiving interest payments every six months - so you'll get exactly $5,000. The standard of service for payment is three weeks. Tom Adams Tony - The HH bond does not grow in value - you've been receiving interest payments every six months - so you'll get exactly $5,000. The standard of service for payment is three weeks.

Tom Adams

]]> by: Tony James http://www.savings-bond-advisor.com/h-series-hh-savings-bonds/#comment-71539 Tue, 25 May 2010 02:48:00 +0000 http://www.savings-bond-advisor.com/h-series-hh-savings-bonds/#comment-71539 I just mailed in a $5,000 H/HH Savings Bond to Pittsburgh, Pa. for a cash out to be received as a direct deposit to my checking account. It was issued on January 1, 2001. What will my deposit show - $5,000 or more with interest accrued? And, how long does it normally take to find the money deposited into your account? Many thanks. I just mailed in a $5,000 H/HH Savings Bond to Pittsburgh, Pa. for a cash out to be received as a direct deposit to my checking account. It was issued on January 1, 2001. What will my deposit show - $5,000 or more with interest accrued? And, how long does it normally take to find the money deposited into your account? Many thanks.

]]> by: Tom Adams http://www.savings-bond-advisor.com/h-series-hh-savings-bonds/#comment-67230 Tue, 20 Apr 2010 13:33:04 +0000 http://www.savings-bond-advisor.com/h-series-hh-savings-bonds/#comment-67230 Bernie - If the Savings Bonds are still paying interest, the income tax on the interest the bonds have earned doesn't have to be paid on the final return, although often that makes sense. I think I answered the rest of your question for you yesterday <a href="http://www.savings-bond-advisor.com/should-the-heirs-or-the-estate-pay-the-tax/" rel="nofollow">here</a>. Tom Adams Bernie - If the Savings Bonds are still paying interest, the income tax on the interest the bonds have earned doesn't have to be paid on the final return, although often that makes sense. I think I answered the rest of your question for you yesterday here.

Tom Adams

]]> by: Bernie Lieb http://www.savings-bond-advisor.com/h-series-hh-savings-bonds/#comment-67070 Mon, 19 Apr 2010 18:31:27 +0000 http://www.savings-bond-advisor.com/h-series-hh-savings-bonds/#comment-67070 If a person dies with savings bonds in his estate, does he have to pay taxes on the interest on the bonds on the fed. tax return for the year in which he died as well as taxes on the interest on the bonds on his estate tax return? If a person dies with savings bonds in his estate, does he have to pay taxes on the interest on the bonds on the fed. tax return for the year in which he died as well as taxes on the interest on the bonds on his estate tax return?

]]> by: Tom Adams http://www.savings-bond-advisor.com/h-series-hh-savings-bonds/#comment-66215 Thu, 15 Apr 2010 15:24:23 +0000 http://www.savings-bond-advisor.com/h-series-hh-savings-bonds/#comment-66215 Steven - it would be the Executor of the estate who would do this, not the co-owner, unless they happen to be the same person. Tom Adams Steven - it would be the Executor of the estate who would do this, not the co-owner, unless they happen to be the same person.

Tom Adams

]]> by: Steven Brown http://www.savings-bond-advisor.com/h-series-hh-savings-bonds/#comment-66019 Wed, 14 Apr 2010 17:29:02 +0000 http://www.savings-bond-advisor.com/h-series-hh-savings-bonds/#comment-66019 If you are a co-owner on an HH deferred-tax time-bomb, and the owner who has been collecting the interest passes away, can the co-owner immediately cash it and claim the deferred interest on the final taxes of the deceased. The treasury web site seems to indicate this is possible. It would be very beneficial as the deceased person's final tax bracket will be 15% versus the co-owner being in a 33% bracket. If you are a co-owner on an HH deferred-tax time-bomb, and the owner who has been collecting the interest passes away, can the co-owner immediately cash it and claim the deferred interest on the final taxes of the deceased. The treasury web site seems to indicate this is possible. It would be very beneficial as the deceased person's final tax bracket will be 15% versus the co-owner being in a 33% bracket.

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