Capital gains tax on US treasury bonds
How do I avoid paying taxes on US savings bonds?
Other Ways To Avoid Paying Taxes
- The I bonds must have been purchased after 1989.
- You must pay for the qualified education expenses in the same tax year you cash in your Series I savings bonds.
- You must be at least 24 years old on the first day of the month in which you bought the bonds.
How do I report cashing in a savings bond on taxes?
Taxes on Savings Bonds – Form 8815 & More
- Report the interest in the year you earn it.
- Report the entire amount of interest earned when the bond matures or when you redeem it, whichever comes first.