22 June 2022 14:26

Capital gains tax on US treasury bonds

How do I avoid paying taxes on US savings bonds?

Other Ways To Avoid Paying Taxes

  1. The I bonds must have been purchased after 1989.
  2. You must pay for the qualified education expenses in the same tax year you cash in your Series I savings bonds.
  3. 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

  1. Report the interest in the year you earn it.
  2. Report the entire amount of interest earned when the bond matures or when you redeem it, whichever comes first.