Tax TipsBudget & Finance
To Top

Taxes and Savings Bond Interest

Category Tax Tips

We purchased savings bonds for our children when they were young to use for education, but they did not mature enough until children were out of college. The bonds were redeemed and the money was given to each child as gifts from us and deposited into their accounts. The totals each were under the $13,000. Since the bond interest was a gift to each child/adult, do we still have to show the interest on our tax return?

Ad

By Dee

We are giving away $200 in Amazon gift cards for people who answer questions on ThriftyFun this month! Click here to find out more...

Add your voice! Click below to answer. ThriftyFun is powered by your wisdom!

Related Content
Categories
Budget & Finance Tax TipsJanuary 25, 2013
Guides
Online Sales Tax
Saving Money on Taxes
Pile of receipts on a white background
Organizing Receipts for Taxes
Savings Bond
Cashing a Deceased Parent's Savings Bonds
Couple Using Online Savings Institution
Choosing the Best Online Savings Institution
More
📓
Back to School Ideas!
😎
Summer Ideas!
Facebook
Pinterest
YouTube
Contests!
Newsletters
Ask a Question
Share a Post
Categories
Desktop Page | View Mobile

Disclaimer | Privacy Policy | Contact Us

© 1997-2017 by Cumuli, Inc. All Rights Reserved.

Published by .

Generated 2017/08/09 11:37:05 in 404 msecs. ⛅️️ ⚡️
Loading Something Awesome!