This Year You Will Have One Less Way to Get Your Tax Refund | Global News Avenue

If you intend to use 2025 tax refund to buy a paper series I savings bonds, a new strategy is needed. As of 2025, the US Treasury has canceled the choice of purchasing paper bonds through your tax refund.

This marks the end of a plan that has helped thousands of Americans (especially those with low income and medium income) since 2010 that the plan has transformed the tax refund into savings bonds.

What is the tax saving plan?

The tax time savings plan is scheduled to start in 2010, so that Americans can directly convert tax refund into paper The first series of savings bondsEssence The program is intended to encourage Savings In low -income and middle -income taxpayers, they may not be easy to get investment. This is the last remaining method that stops selling them in 2012, and other paper bond plans are also eliminated.

The program is almost not used. According to data from the Ministry of Finance, only about 35,000 tax applicants (only 0.03 % of all taxpayers) each year. Even more convincing is that less than 10 % of participants have continued to use the plan for more than two years.

Why is the program stop?

The Ministry of Finance decided to end the decision to end the tax savings bond plan to the cost and efficiency. Although paper bonds may have a nostalgic attraction, to maintain printing, the system of mailing and processing physical savings bonds has proven to be expensive, especially considering the low participation rate of the plan.

The paper format is still FraudBecause physical bonds can be easier to change or forge than digital bonds.

Is there any way to buy i bonds now?

Yes, it is more flexible than the old tax refund method. You can buy i bonds by electronic ways National reservoir areaOnline government securities portal of the Ministry of Finance.
Remember, these restrictions are reset in each calendar year so that you can better count in i Bond Investments.

The process is simple. You will need these projects to set your national treasury account:

• Effective social insurance number
• American speech
• Check or savings account
• email address
• Support 128 -bit encryption web browser

What is the highest and lowest amount you can buy?

The electronic i bond system actually provides greater flexibility than the old paper bond procedures, especially because they do not have to buy at an increment of $ 50. Electronic I bonds can be purchased at any amount of any amount, from $ 25 to $ 10,000 in each calendar year. For example, if you are willing, you can buy my deposit for $ 63.47.

Want to use my bonds as a gift? You can buy i bonds through gifts for other people (including children).

How to deal with existing paper series savings bonds?

If you hold paper bonds with paper i, you have several options and are not rushed to make decisions. You can keep paper bonds before mature, or you are ready to be fulfilled.

If you do decide to retain paper bonds, you should store them in a safe place, such as a safe deposit box. You also need to retain your bond information records, including serial numbers to prevent it from being lost or damaged and need to be replaced.

Bottom line

Although you can no longer convert the tax refund directly into paper bonds, the minimum purchase can be provided through the electronic alternative of the Ministry of National Defense, and the general investment amount and faster processing of the peculiar.