Paper bonds were sold at half the face value;.e., you paid 25 for a 50 bond.
The cash fick dates amount can be credited to your checking or savings account within two business days of the redemption date.
The only way to buy EE bonds is to buy them in electronic form in TreasuryDirect.On this page: When can I redeem my EE and E bonds?How do I report the interest?Whether you are reporting interest at the end of the bond's life or every year, you report the interest from your bonds on your federal income tax return on the same line with other interest income.You may, for example, find it advantageous to report interest every year on savings bonds in a child's name.Interest-earning period: 30 years, early redemption penalties: Before 5 years, forfeit interest from previous 3 months.
All E bonds and some EE bonds have stopped earning interest and should be redeemed.
You owe tax on the interest the bond earned until it was reissued.
You are the new owner of a bond that was reissued.
You can cash them after 1 year.
Reissue: Change in Ownership, see: Replacing or Reissuing, paper EE Bonds.Electronic savings bonds are available in our online program.The interest that your savings bonds earn is subject to: federal income tax, but not to state or local income tax any federal estate, gift, and excise taxes as well as any state estate or inheritance taxes.For all your savings bonds (or, for example, all the child's bonds) and any you acquire (or, the child acquires) in the future.Is my EE bond eligible for the Education Tax Exclusion?You and another person buy a bond together, each putting in part of the money to buy the bond, and you are both named as co-owners.
This action supports Treasurys goal to increase the number of electronic transactions with citizens and businesses.