If
you're receiving a tax refund this year, you can use it to buy U.S.
savings bonds from the IRS. Here are the details:
* You may
purchase up to $5,000 in U.S. Series I savings bonds.
* The
total amount of bonds you purchase must be a multiple of $50. Any
refund over the specified bond purchase amount must be deposited
into another financial account, such as a checking or savings account.
* Bonds
will be issued in your name. If you're married and file a joint
return, the bonds will be issued in the names of both spouses.
* The
bonds will be sent to you by mail.
* You
select this option when filing your 2009 return by using Form
8888, "Direct Deposit of Refund to More Than One
Account."
* Form
8888 gives instructions on selecting this option and specifying
the amount of refund you want to use to buy savings bonds.
