{"id":871,"date":"2025-01-31T17:13:05","date_gmt":"2025-01-31T17:13:05","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/you-can-no-longer-buy-paper-inflation-bonds-with-your-tax-refund\/"},"modified":"2025-01-31T17:13:05","modified_gmt":"2025-01-31T17:13:05","slug":"you-can-no-longer-buy-paper-inflation-bonds-with-your-tax-refund","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/you-can-no-longer-buy-paper-inflation-bonds-with-your-tax-refund\/","title":{"rendered":"You Can No Longer Buy Paper Inflation Bonds With Your Tax Refund"},"content":{"rendered":"\n<div>\n<p class=\"css-at9mc1 evys1bk0\">You can still get your tax refund sent to your checking account, say, and then use the money to buy digital I bonds via TreasuryDirect. What\u2019s going away is the ability to fill out a special form with your tax return and have the paper bonds bought with your refund.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The change was quietly announced with a website update last year, under the Biden administration.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The tax-time savings bond program was begun in 2010 to give tax filers, especially those with low and moderate incomes, a way to buy I bonds with their refunds. But the program \u201cwas costly and not frequently used,\u201d the TreasuryDirect site says. On average, 35,000 tax filers bought paper I bonds each year, representing .03 percent of tax filers and less than 10 percent of I bond purchasers. Mailing paper bonds risked fraud, theft, loss and delays, the site says, adding that buying savings bonds online is \u201csimple, safe and affordable.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">David Enna, founder of Tipswatch.com, a website that tracks securities that protect against inflation, said the government hadn\u2019t widely publicized its new I bond purchase policy. Some tax filers are likely to be disappointed, he said, because a popular strategy was to overpay taxes during a tax year to generate a tax refund to buy the bonds the next spring.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The loss of the option to buy an extra $5,000 in I bonds will probably be unpopular among buyers, he said. The $10,000 annual cap, he said, is \u201ctoo small,\u201d because it takes years to buy enough bonds to generate significant interest.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">I bonds, first issued in 1998, grabbed savers\u2019 attention during the pandemic-induced inflation surge. In 2022, the interest rate on I bonds rose to well over 9 percent, far outpacing rates on other safe options for cash.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>You can still get your tax refund sent to your checking account, say, and then use the money to buy digital I bonds via TreasuryDirect. What\u2019s going away is the ability to fill out a special form with your tax return and have the paper bonds bought with your refund. The change was quietly announced [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[662,660,207,659,661,663,466],"class_list":["post-871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-bonds","tag-buy","tag-inflation","tag-longer","tag-paper","tag-refund","tag-tax"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=871"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/872"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}