I-bond interest
"When must I report the interest on my tax form?
You have a choice. You can
report the interest every year
put off (defer) reporting the interest until you file a federal income tax return for the year in which the first of these events occurs:
you cash the bond and receive what the bond is worth, including the interest, or
you give up ownership of the bond and the bond is reissued, or
the bonds stops earning interest because it has reached final maturity"
Once upon a time, you could get $30K in paper bonds and $30K in electronic bonds…that era is long over.
Now it’s just 10K/yr…or 15K maybe if you use your tax return refund…
I’ve got an I-bond or two…and when they mature, will take the hit but still in low 20% bracket. … but tax bracket a lot lower now that was working and bought them - and for the next 10 years.
t.