Get Treasury FS 1522 2012

Log in to TreasuryDirect and follow the directions there. The cash amount can be credited to your checking or savings account within two business days of the redemption date. You can cash paper EE and E bonds at most local financial institutions.

Log in to TreasuryDirect and follow the directions there. The cash amount can be credited to your checking or savings account within two business days of the redemption date. You can cash paper EE and E bonds at most local financial institutions.

The traditional place to cash a U.S. savings bond is at your bank. Almost every bank will cash Series EE and Series I bonds as a service to customers and the U.S. Treasury. To cash a bond at a bank where you do not have an account is possible within certain limitations.

Your savings bonds are all past the early redemption penalty. That means you can cash them in whenever you like you don't have to wait until the savings bond matures. Series EE savings bonds earn interest for 30 years. ... EE/E Bonds Issued May 1997-April 2005.

Most financial institutions will redeem your savings bonds. But because your savings bank does not, it should be able to point you to a bank that will handle the redemption. You also could convert your paper bonds to electronic form through TreasuryDirect.gov and then redeem them into your bank account.

According to Treasury Direct, interest from EE U.S. savings bonds is taxed at the federal level but not at the state or local levels for income. This interest is also taxed through federal and state estate, gift and excise taxes. ... The ownership of the bond governs who is responsible for paying tax on the interest.

For example, a series EE bond that has a face value of $50 can be bought for $25. A series EE bond will reach full face value after 20 years and will stop earning interest after 30 years.

For example, a series EE bond that has a face value of $50 can be bought for $25. A series EE bond will reach full face value after 20 years and will stop earning interest after 30 years.

Click the 'Get Started' Link on the Savings Bond Calculator home page. Once open, choose the series and denomination of your bond from the series and denomination drop down boxes. Enter the issue date that is printed on the bond. ... Click the 'Calculate' button.

For example, the paper certificate versions of Series EE savings bonds are issued at half of the face value. A $100 Series EE bond would cost you $50 at the time of purchase and could take up to 20 years to mature to $100.

Check the Value of the Bonds. Visit TreasuryDirect and use their savings bond calculator to determine the bond's current worth. ... Look for a Named Survivor. Review the bond and search for a named survivor. ... Notify the Court if No Survivor. ... Fill Out FS Form 5336. ... Meet With a Tax Adviser.

Savings bonds can be cashed in only by the owner, a legal representative or a beneficiary if the owner passes away. When a deceased parent has left you some savings bonds, you might be able to just hang on to them. If you need to cash in the bonds, it's a fairly simple process.

After someone dies, the law generally says to transfer savings bonds after death to the beneficiary on the bond. ... The earnings on inherited savings bonds are not taxable to the heirs if the decedent already paid taxes on the accumulated interest, but heirs are responsible for paying any unpaid taxes.

Savings Bonds Owned by One Person If a savings bond names only one person as the owner, then the bond becomes part of the estate when the owner dies. If the will doesn't specifically leave the bond to someone, it passes through the residuary clause of the will, or under state law if there is no valid will.

Remember that savings bonds can't be sold, traded or given away. The person whose name is on the bond is the only person who can cash it in (with some exception, which we'll get to shortly). ... You cash it in via the Treasury Web site, and the funds are deposited into your bank account).