Series EE savings bonds
I have 35 EE savings bonds that are not generating interest anymore. The total value is 4881.32; if I cashed them in the interest would be $3631.32, that would all be taxable, right. Should I cash a few at a time so I don’t have to claim that much interest or what else can I do with them? I have several more bonds that are still generating interest; should I cash them in as they mature?
Terry Says
If they have stopped earning you must cash them in, and pay taxes on the gains. But you’ll have the money!
Read the instructions here: https://www.treasurydirect.gov/savings-bonds/cashing-a-bond/
