Ask Terry Questions series I savings bond and health savings account

series I savings bond and health savings account

By Terry Savage on March 06, 2023 | Chicken Money

Good morning Terry,
I hope all is well.
will the fed issue a 1099-INT for 2022 for series I savings bond interest earned in 2022 (purchased in 2022)?, and
what investments can be selected for excess funds in my HSA account?
Thank you for your help.

Terry Says

You don’t get a 1099 or pay taxes on Series I bonds until you cash them in! That’s one of the benefits.
And your employer determines what investments are available for the Health Savings Account. Ask the HR department.

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