bonds
My 24 yo daughter has some EE and I bonds (paper) She has worked this year, but not full time, so she has not made much. She will be working more next year (teacher). I was thinking we could cash in bonds this year as I don’t think it would impact her owing at tax time. Bonds were purchased from 2002 to 2008. The EE bonds have a purchase value of $500 and are worth somewhere over $1200. The I bonds purchased value of $1200 and worth around $2500. She was planning to use some of this money to put towards her student loans. Thoughts? Thank you.
Terry Says
I agree that it would be a good use of the proceeds to pay down student loans. (If they are in YOUR name as parent you might not owe any taxes at all, because of the limited exemption if used to pay for college expenses.)
It’s not so easy to cash paper bonds these days. And it can take a while. Bread this:
