Family – Each person can buy I bonds for up to $10,000 in a calendar year. For 2022, a married couple could each buy $10,000, thus investing $20,000 as a family. Then, in January 2022, they could buy $20,000 more. Also, you can purchase I bonds for each child, and if you have a trust, the trust can buy them.
“The $10,000 limit is per entity, not per person,” says Parker. “You can have as many entities as you want.” That is, if you have a business, that business can also purchase Series I bonds up to the $10,000 annual limit.
Lesson Learned: You need an separate online account for each person/entity purchasing I-Bonds. I.e. a married couple must open two separate Treasury Direct (TD) online accounts if both spouses wish to purchase I Bonds up to the maximum $10,000 limit.
There is no limit on the total amount that any person or entity can own in savings bonds.
$10,000 limit: Up to $10,000 of I bonds can be purchased, per person (or entity), per year. A married couple can each purchase $10,000 per year ($20,000 per year total).
A married couple must open two separate TreasuryDirect accounts if both spouses wish to purchase I Bonds. Each account is limited to purchasing $10,000 per person per calendar year, so if you want to purchase $20,000 in a year, you need two accounts.
Gifting electronic EE or I savings bonds
For electronic savings bonds as gifts, both you and the recipient must have a TreasuryDirect account. TreasuryDirect is the official United States government application in which you can buy and keep savings bonds.
Married couples and children
The limit for purchasing I bonds is per person, so a married couple can each put up to $10,000 in the investment annually, or up to $15,000 each if they both also elect to get tax refunds in paper I bonds. Families with kids can also invest up to the annual limit on behalf of each child.
Gifting electronic EE or I savings bonds
For electronic savings bonds as gifts, both you and the recipient must have a TreasuryDirect account. TreasuryDirect is the official United States government application in which you can buy and keep savings bonds.
Once in your TreasuryDirect account, the bond will be registered in your name alone. You can then add either a secondary owner or beneficiary. Once you have a TreasuryDirect account, you can convert other paper bonds you own to electronic bonds.
To buy an I bond, you'll first need to set up an account with TreasuryDirect. [1] The person you're buying one for also needs an account, but they can create that after receiving the I bond. You'll need the recipient's full name and Social Security or tax ID number.
As of October 2022, each individual entity can purchase up to $10,000 worth of Series I bonds in a year. All bonds must be registered electronically through TreasuryDirect.
A married couple must open two separate TreasuryDirect accounts if both spouses wish to purchase I Bonds. Each account is limited to purchasing $10,000 per person per calendar year, so if you want to purchase $20,000 in a year, you need two accounts.
Log into your primary TreasuryDirect® account. Click the ManageDirect tab at the top of the page. Under the heading Manage My Linked Accounts, click "Establish a Minor Linked Account".
I Bond Cons
The initial rate is only guaranteed for the first six months of ownership. After that, the rate can fall, even to zero. One-year lockup. You can't get your money back at all the first year, so you shouldn't invest any funds you'll absolutely need anytime soon.
Married couples and children
The limit for purchasing I bonds is per person, so a married couple can each put up to $10,000 in the investment annually, or up to $15,000 each if they both also elect to get tax refunds in paper I bonds. Families with kids can also invest up to the annual limit on behalf of each child.
Paper Series I savings bonds may be purchased only with your IRS tax refund. For these bonds, the purchase limit per calendar year is: $5,000.
In any single calendar year, you can buy up to a total of $5,000 of paper I bonds using your refund.
In a calendar year, one Social Security Number or one Employer Identification Number may buy: up to $10,000 in electronic I bonds, and. up to $5,000 in paper I bonds (with your tax refund)
You can buy I bonds in electronic form, at face value, after you open a TreasuryDirect® account. Purchase prices start at $25, and you can buy in any amount above that up to $10,000 per person, per calendar year. You also can buy an I bond in paper form, through the Tax Time Purchase Program.
No, I Bonds can't lose value. The interest rate cannot go below zero and the redemption value of your I bonds can't decline.
The biggest red flag for short-term investors: You can't redeem these bonds for a year after you purchase them, and you'll owe a penalty equal to three months' interest if you cash out any time over the first five years of owning the bond.
I bonds cannot be cashed for one year after purchase. If a bond is cashed in year two through five after purchase, the prior three months of interest are forfeited. There is no interest penalty for cashing in the bonds after five years.
Primary Owner (with Secondary Owner): Two individuals' names are recorded for the security in TreasuryDirect, separated by the word "WITH." For example, "John Smith SSN 123-45-6789 WITH Mary Smith SSN 987-65-4321."
You can request up to three different savings bond registrations – for yourself and spouse, if married and filing a joint return, or someone other than yourself. If you order bonds for yourself and spouse, the bonds will be issued in the names shown on the return.