Form 0385-2025

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2019 4.8 Satisfied (51 Votes)
2018 4.2 Satisfied (101 Votes)
2015 3.9 Satisfied (37 Votes)
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sending savings bonds to us If you are asking us to pay you for paper savings bonds, send the physical bonds (signed or unsigned) along with the form and mail them to us at the address shown on FS Form 1522.
You can skip paying taxes on interest earned with Series EE and Series I savings bonds if youre using the money to pay for qualified higher education costs. That includes expenses you pay for yourself, your spouse or a qualified dependent. Only certain qualified higher education costs are covered, including: Tuition.
Sign in ink in the presence of a certifying officer or notary. Identification may be required. 2. Authorized certifying officers are available at financial institutions, including credit unions, in the United States.
Get FS Form 1522. Fill it out.
FS Form 0385 - Feb 2022 The form provides information about the tax considerations for savings bonds, including how to report interest income and exclude savings bond interest from income if you pay qualified education expenses. Originally published by treasurydirect.gov.
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Series EE bonds are guaranteed to reach their face value after 20 years. Meanwhile, Series I bonds dont come with guarantees and mature after 30 years. Both bonds can also be cashed out at a cost after one year or penalty-free after five years. U.S. Department of Treasury.

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