Comments on: When do my Savings Bonds mature? http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/ Thu, 18 Mar 2010 11:15:16 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-61901 Tue, 09 Mar 2010 15:47:57 +0000 http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-61901 Doris - the IRS says the tax is due in the year the bonds stop paying interest. There's more info on this issue <a href="http://www.savings-bond-advisor.com/cash-those-stinker-bonds/" rel="nofollow">here</a>. Tom Adams Doris - the IRS says the tax is due in the year the bonds stop paying interest. There's more info on this issue here.

Tom Adams

]]> by: DORIS http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-61811 Mon, 08 Mar 2010 21:05:02 +0000 http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-61811 WHEN EE BONDS STOP EARNING INTEREST AFTER 30 YRS & I ELECT NOT TO CASH IN AT THAT TIME, MUST THE EARNED INTEREST BE REPORTABLE ON THAT YEAR'S TAX RETURN? (I DID NOT CASH IN THE BONDS) WHEN EE BONDS STOP EARNING INTEREST AFTER 30 YRS & I ELECT NOT TO CASH IN AT THAT TIME, MUST THE EARNED INTEREST BE REPORTABLE ON THAT YEAR'S TAX RETURN? (I DID NOT CASH IN THE BONDS)

]]> by: Tom Adams http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-57117 Tue, 02 Feb 2010 14:37:10 +0000 http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-57117 Jules - yes, EE bonds are worth more than face value after 30 years. The interest the bonds earn is income to you, so you must include it on your income tax return for the tax year in which you cash the bond or it stops paying interest (30 years after issue), whichever comes first. The amount of tax you'd pay depends on your other income and can vary from nothing at low incomes to 35% if your other taxable income is over $372,950. Tom Adams Jules - yes, EE bonds are worth more than face value after 30 years.

The interest the bonds earn is income to you, so you must include it on your income tax return for the tax year in which you cash the bond or it stops paying interest (30 years after issue), whichever comes first.

The amount of tax you'd pay depends on your other income and can vary from nothing at low incomes to 35% if your other taxable income is over $372,950.

Tom Adams

]]> by: Jules http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-56987 Fri, 29 Jan 2010 19:25:54 +0000 http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-56987 I am also confused. After thirty years will series EE bonds be worth over the face value? Also, why, and how much, tax must you pay to redeem bonds at thirty years? Thanks. I am also confused. After thirty years will series EE bonds be worth over the face value? Also, why, and how much, tax must you pay to redeem bonds at thirty years? Thanks.

]]> by: Tom Adams http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-54837 Wed, 06 Jan 2010 15:24:13 +0000 http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-54837 Stefany - you can use the calculator at the top of this page to find out what the current redemption value of the bond is. Although it says $100 on it, the contest actually paid $50 for it, so it's now worth $50 plus five years of interest. Tom Adams Stefany - you can use the calculator at the top of this page to find out what the current redemption value of the bond is. Although it says $100 on it, the contest actually paid $50 for it, so it's now worth $50 plus five years of interest.

Tom Adams

]]> by: Stefany http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-54774 Wed, 06 Jan 2010 02:24:17 +0000 http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-54774 I am very confused by all this. I have read everyones posts and thought it would help but am now even more confused. My son was awarded a $100 series EE in Feb of 2004 for winning a contest. I understand the comments about the FINAL maturity in 30 years.... buthe is wanting to cash it in and use it towards a computer, how much would it be worth, since it was only bought 5 years ago? I am very confused by all this. I have read everyones posts and thought it would help but am now even more confused. My son was awarded a $100 series EE in Feb of 2004 for winning a contest. I understand the comments about the FINAL maturity in 30 years…. buthe is wanting to cash it in and use it towards a computer, how much would it be worth, since it was only bought 5 years ago?

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